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Physicswallah

Q1 FY27Other Consumer Services

Physicswallah Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹136
Market cap₹39.6K Cr
P/E648.4
Updated24 Sept 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 3 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned

The short version

Physicswallah Limited aims for a 30% revenue growth for FY27, maintaining prior guidance despite NEET exam cycle shifts. Physicswallah targets a 30% revenue growth for FY27, maintaining prior guidance.

From Physicswallah's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Good growth
  • Physicswallah Limited aims for a 30% revenue growth for FY27, maintaining prior guidance despite NEET exam cycle shifts.
  • Online revenue growth was 33% driven by diversification into new categories such as K-12 and skilling courses.
  • Offline revenue grew 14%, with expectations to improve as NEET enrollments normalize in upcoming quarters.
  • K-12 and vernacular categories show strong hyper-growth with enrollments up 41%-70% and revenue doubling in state boards.
  • NEET PG and competitive exam categories like CA, CS, ACCA expect 30%-50% enrollment growth and 100% collections growth in skilling segments.
  • New initiatives including AI-powered digital books, AI tutors, and platforms like PW Books, "Earners," Pi, and PW Talk are expected to contribute to future revenue.

2 more points from Physicswallah's call on revenue

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Profitability & Margins

See what Physicswallah said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Focus on capital allocation towards new online content and category expansion, both organically and inorganically.
  • Opportunistic and limited offline expansion based on geographies fitting cohort economics; decisions on new centers expected in next two quarters.
  • Keen interest in AI-first opportunities to complement offerings, including investment in personalized AI tutors (beta phase) and AI-driven digital initiatives like AI tutor, AI companion, and Ask AI doubt-solving engine.

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Top-ranked in Other Consumer Services

Ranked on what management guided this quarter

Guidance-ranked
Rev 2Mar 2
2Vinsys IT Serv.
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Physicswallah said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The document does not explicitly mention current or expected orderbook or pending orders for Physicswallah Limited. However, relevant points related to enrollments and demand include: - Enrollment growth is cyclical, with NEET enrollment shifted from Q1 to Q2 due to exam schedule changes. - Strong enrollment growth in various categories: vernacular (1.7x jump), K-12 (41% increase), Curious Junior (67% improvement), and state boards (doubled enrollments). - Offline centers opened in '23-'24 delivering 13%-15% steady-state margins; new centers have potential margin levers via hybrid courses.

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Physicswallah — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹919 Cr, net loss ₹69 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

Others in Other Consumer Services this season

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  • Jaro Institute (Q1 FY27)

    Revenue from Operations for Q1 FY27: ₹7,075.05 Lakhs, up from ₹6,067.46 Lakhs in Q1 FY26 (YoY growth not explicitly stated but implied ~17% from page 5 and 19%…

  • NIIT (Q1 FY27)

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  • CL Educate Ltd (Q1 FY27)

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Frequently Asked Questions

What were Physicswallah Q1 FY27 results?

Physicswallah Limited aims for a 30% revenue growth for FY27, maintaining prior guidance despite NEET exam cycle shifts. Physicswallah targets a 30% revenue growth for FY27, maintaining prior guidance.

What is Physicswallah share price analysis?

Physicswallah currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 648.4 with a market cap of ₹39,626 Cr. Investors should review the full earnings analysis for detailed insights.

Is Physicswallah planning capital expenditure?

Focus on capital allocation towards new online content and category expansion, both organically and inorganically.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.