PhysicsWallah Q3: Net profit rises 33% YoY to Rs 102.3 crore, revenue up 34% YoY

PhysicsWallah Q3 results

Edtech major PhysicsWallah (PW) on February 5 reported a 33 percent year-on-year (YoY) increase in its net profit to Rs 102.3 crore in the third quarter (Q3) of financial year 2025-26 (FY26), compared to Rs 76.7 crore in the same period a year ago. The company had posted a profit of Rs 69.7 crore in the previous quarter, according to regulatory filings.

The Noida-based firm, which went public in November last year, also reported a revenue from operations of Rs 1,082.4 crore, up 34 percent YoY from Rs 809.7 crore in the year-ago period. It had reported a revenue of Rs 1,051.2 crore in the previous quarter.

Total expenses for the firm increased 33 percent to Rs 979.9 crore in the quarter ended December, up from Rs 738.3 crore a year ago. Its expenses stood at Rs 999.6 crore a quarter ago.

According to the company, its online business continued to gain strong traction, registering over 3.96 million enrollments in the nine months ended December (9M FY26), a 20 percent increase compared to the same period a year ago. Offline enrollments grew by 36 percent YoY in 9M FY26, through PW’s nationwide network of 318 centres (as of 31 December, 2025).

"The company’s online business continued to gain strong traction, registering over 3.96 million enrollments in 9M FY26, a 20% increase compared to 9M FY25. Offline enrollments grew by 36 percent YoY in 9M FY26, through PW’s nationwide network of 318 centres as of 31 December, 2025," the company stated.

PW said it continues to invest in AI with initiatives like AI Guru, Ask AI, AI Grader, AI Mentor, and AI Books, enabling students and teachers to leverage these tools at scale.

On February 5, PhysicsWallah’s shares on BSE closed 0.21 percent lower at Rs 121.70 apiece.