PhysicsWallah Consolidated Net Profit Surges 33% YoY To ₹1,023 Crore In Q3 FY26 Amid Strong Revenue Uptick

Mumbai: PhysicsWallah’s Q3 FY26 performance reflects strong operating leverage as consolidated revenue rose to Rupees 10,824.2 crore from Rupees 8,096.8 crore in Q3 FY25, marking a 33.7 percent YoY increase. Net profit stood at Rupees 1,022.7 crore, up from Rupees 767.3 crore a year ago. The company also improved its sequential earnings over Q2’s Rupees 697.1 crore profit. Growth was driven by rising enrolments, expanded offline centers, and digital course traction.

Sequential growth builds:

On a quarter-on-quarter basis, revenue rose by 3 percent while net profit jumped 46.7 percent, aided by a decline in total expenses to Rupees 9,798.7 crore from Rupees 9,995.5 crore in Q2. Advertisement spending moderated to Rupees 636.1 crore from Rupees 842.9 crore in Q2. Exceptional items of Rupees 235.6 crore—comprising Rupees 82.9 crore in IPO expenses and Rupees 152.7 crore from new Labour Code adjustments—affected the bottom line but were disclosed transparently.

Nine-month/Cumulative Performance:

For 9M FY26, consolidated revenue rose 30.9 percent YoY to Rupees 29,807.4 crore, compared to Rupees 22,770.4 crore in 9M FY25. However, net profit for the same period declined slightly to Rupees 449.7 crore from Rupees 460.2 crore due to higher employee expenses and exceptional items. Nonetheless, the company enters the final quarter with strong operating metrics and a diversified growth playbook across India’s expanding ed-tech ecosystem.

Disclaimer: This report is based on publicly disclosed financial results by PhysicsWallah. It is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell.  

Published on: Friday, February 06, 2026, 09:30 AM IST