Physicswallah Ltd
Physicswallah Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Physicswallah expects sustainable growth in both revenue and profitability over the next 3-5 years driven by a large total addressable market (TAM). Physicswallah expects sustainable growth in both revenue and profitability over the next 3-5 years, leveraging the large total addressable market (TAM).
From Physicswallah Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Physicswallah expects sustainable growth in both revenue and profitability over the next 3-5 years driven by a large total addressable market (TAM).
- H1 FY26 revenue grew by ~29% YoY, with balanced contributions from online (49%) and offline (47%) channels; H2 is expected to deliver higher revenue than H1.
- Offline centers are expanding rapidly, with plans to open ~75 new centers next year and ~200 centers over three years.
- Offline growth rate anticipated at ~25%-30% annually, while online growth is expected to surpass offline growth.
- Expansion into diverse exam categories beyond JEE and NEET is driving rapid enrollment growth, reducing dependency on traditional exams.
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Profitability & Margins
See what Physicswallah Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Physicswallah plans to open approximately 200 new offline centers over the next 3 years, averaging ~70-75 centers per year.
- The typical investment per offline learning center is around INR 2.5 crores.
- Focus on organic growth with an emphasis on build-from-scratch offline centers linked closely to online admissions (~80% of offline admissions sourced online).
- No mention of any large M&A at present, emphasis on cultural and strategic alignment for any future mergers.
- Investment to improve product-market fit in new categories like government exams, UPSC, and skilling courses, which are in the early stages.
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Top-ranked in Other Consumer Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Physicswallah Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
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Physicswallah Ltd — Quarterly revenue & net profit
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.
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What Physicswallah Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Physicswallah Ltd Q2 FY26 results?
Physicswallah expects sustainable growth in both revenue and profitability over the next 3-5 years driven by a large total addressable market (TAM). Physicswallah expects sustainable growth in both revenue and profitability over the next 3-5 years, leveraging the large total addressable market (TAM).
What is Physicswallah Ltd share price analysis?
Physicswallah Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹37,076 Cr. Investors should review the full earnings analysis for detailed insights.
Is Physicswallah Ltd planning capital expenditure?
Physicswallah plans to open approximately 200 new offline centers over the next 3 years, averaging ~70-75 centers per year.
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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.