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PhysicsWallah reports 33% revenue and profit growth in Q3 FY26

From ₹1,051 crore to ₹1,082 crore in just three months—how PhysicsWallah defied costs to deliver record profits. Investors are betting big on its future.

The image shows a graph depicting corporate profits before and after taxes. The graph is...
The image shows a graph depicting corporate profits before and after taxes. The graph is accompanied by text that provides further information about the data.

PhysicsWallah reports 33% revenue and profit growth in Q3 FY26

PhysicsWallah has reported strong financial growth for the third quarter of FY26. The edtech company's revenue from operations climbed by 33.7% year-over-year to ₹1,082.4 crore. At the same time, its net profit rose by 33.4% to ₹102.3 crore compared to the same period last year.

The company's revenue saw a modest sequential increase of 3%, up from ₹1,051.2 crore in the previous quarter. However, expenses also grew sharply, rising by 32.7% year-over-year to ₹979.9 crore. Despite higher costs, adjusted EBITDA improved significantly, jumping 40% to ₹351.2 crore.

A one-time loss of ₹23.6 crore was recorded due to asset impairments, IPO-related expenses, and changes in labour regulations. Yet, net profit surged by 46.8% from the previous quarter, reaching ₹102.3 crore.

Since Q3 2025, PhysicsWallah's market value has expanded by roughly 25%, hitting $2.8 billion in early 2026. This growth follows a successful funding round in December 2025, led by investors such as Tiger Global. The company's expansion into new markets and a rise in user sign-ups for affordable online education have also driven demand.

PhysicsWallah's latest financial results reflect solid revenue and profit growth. The company's market capitalisation has increased alongside its edtech expansion and investor confidence. Despite higher expenses and a one-off loss, its adjusted EBITDA and net profit figures remain strong.

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