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Physicswallah Q4 2026 Results: Revenue Jumps 51% YoY, Net Loss Narrows

Physicswallah reported strong Q4 FY26 revenue growth with improving losses, better cash flow and full-year revenue crossing ₹3,899 crore.

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Revati Krishna
Published: 27 May 2026, 05:45 PM IST (3 weeks ago)
Last Updated: 27 May 2026, 07:54 PM IST (3 weeks ago)
4 min read

Quick Summary

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 Q4 2026 Results Highlights

  • 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

Physicswallah Full-Year Performance Remained Strong

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

Read This Also: DCX Systems Revenue Falls 62% in Q4

Physicswallah Share Price Today

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.

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