Physicswallah reported strong Q4 FY26 revenue growth with improving losses, better cash flow and full-year revenue crossing ₹3,899 crore.
Physicswallah Q4 Results 2026: Physicswallah reported consolidated revenue from operations of ₹918.80 crore in Q4 FY26, up 50.72% YoY, while net loss narrowed to ₹74 crore from ₹293 crore last year. The company also posted strong full-year revenue growth and improved cash flow.
Physicswallah Q4 Results 2026: On 27 May, Physicswallah reported a 50% YoY rise in consolidated revenue to ₹918.80 crore for Q4 FY26, while net loss narrowed to ₹74.89 crore from ₹293 crore a year ago. The company’s full-year revenue crossed ₹3,899 crore, supported by growth in offline centres, acquisitions and rising student enrolments.
Physicswallah reported consolidated revenue from operations of ₹918.80 crore for the quarter ended 31 March 2026, registering a growth of 50.72% compared to ₹609.60 crore in Q4 FY25. Revenue declined 15.12% from Q3 FY26.
Total income for the quarter stood at ₹983.58 crore, up 47.50% year-on-year from ₹666.80 crore. However, it declined 14.24% quarter-on-quarter against ₹1,146.93 crore in December quarter.
EBITDA for Q4 FY26 came at ₹29.78 crore, while EBITDA margin stood at 3.24% during the quarter.
Physicswallah reported a consolidated net loss of ₹74.89 crore in Q4 FY26, compared to a net loss of ₹293 crore in the year-ago quarter. The company moved into loss after reporting a profit of ₹102.27 crore in Q3 FY26.
|
Metric |
Q4 FY26 |
Q3 FY26 |
QoQ % |
Q4 FY25 |
YoY % |
|
Revenue from Ops (₹ Cr) |
918.80 |
1,082.42 |
-15.12% |
609.60 |
50.72% |
|
Total Income (₹ Cr) |
983.58 |
1,146.93 |
-14.24% |
666.80 |
47.50% |
|
EBITDA (₹ Cr) |
29.78 |
236.39 |
-87.41% |
-228.53 |
Turnaround |
|
EBITDA Margin % |
3.24% |
21.84% |
-1860 bps |
-37.49% |
+4073 bps |
|
PAT (₹ Cr) |
-74.89 |
100.51 |
Loss |
-293.10 |
Loss Narrows |
|
EPS — Diluted (₹) |
-0.26 |
0.36 |
-172.22% |
-1.17 |
- |
Source: NSE filing, Physicswallah FY26 Consolidated Annual Results
Despite reporting strong revenue growth, PhysicsWallah posted a net loss in FY26 on a consolidated basis. However, loss is much lower compared to FY25. The company also saw an improvement in operating cash flow, while funds raised through IPO helped strengthen its overall balance sheet.
|
Metric |
FY26 |
FY25 |
YoY Change |
|
Revenue from Ops (₹ Cr) |
3,899.54 |
2,886.64 |
35.08% |
|
Total Income (₹ Cr) |
4,131.04 |
3,039.09 |
35.93% |
|
PAT (₹ Cr) |
-22.49 |
-215.90 |
Loss Narrows 89% |
|
Operating Cash Flow (₹ Cr) |
833.24 |
507.04 |
64.33% |
|
EPS — Basic (₹) |
-0.08 |
-0.86 |
90.70% |
Source: NSE filing, Physicswallah FY26 Consolidated Annual Results
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As of 27 May, 3.30 PM
Since its IPO listing, Physicswallah share price has remained under pressure. However, Physicswallah stock price has recently recovered after hitting its lifetime low of ₹77 and was trading around ₹112 as of the market close on 27 May.
Despite the recovery, the stock is still trading below its lifetime high of ₹162. Ahead of the Q4 FY26 results announcement on 27 May, Physicswallah shares closed flat. Indian stock markets will remain closed tomorrow on account of Eid, and trading will resume on Friday.