From FY23-FY25, Physics Wallah reported sturdy topline development from Rs 744 crore to Rs 2,887 crore, pushed by growth throughout digital and offline platforms. EBITDA improved to Rs 193 crore in FY25 (6.7% margin) from a lack of Rs 829 crore in FY24, reflecting efficient value optimisation.
The corporate is one in every of India’s main ed-tech gamers, providing a broad mixture of on-line, offline and hybrid studying options. As of June 2025, it operated 303 offline centres (rising at a CAGR of ~165.9% between FY23-25) and had 4.13 million distinctive paying customers on-line.
Its income mannequin is diversified: providers (instructing, hostel, transportation, content material rights), product gross sales (books, stationery, tablets) and ancillary earnings (adverts, different charges).
The edtech raised a complete of Rs 3,480 crore from its current IPO with Rs 3,100 crore going to the corporate primarily for increasing its offline and hybrid studying facilities, enhancing its advertising initiatives and strengthening its digital and cloud infrastructure.
The shares made an honest itemizing, however then got here underneath some promoting stress. They’re presently buying and selling marginally above the difficulty value of Rs 109
