PhysicsWallah Posts FY25 Profit but Q1 FY26 Loss Signals Mixed Outlook

PhysicsWallah recorded ₹3,039 crore revenue in FY25, up 51% year-on-year, alongside ₹243 crore net profit. However, the company reported a ₹127 crore loss in Q1 FY26, raising questions around cost escalations and sustainability of rapid expansion. The edtech firm continues investing in hybrid centers, test prep products and offline integration, which management says will stabilize margins over the medium term.