Physicswallah Ltd

Physicswallah has allotted 77,91,768 equity shares under ESOP on 10 June 2026. Consequent to the aforesaid allotment, the paid-up share capital of the Company shall stand increased from Rs. 2,88,86,00,608 to Rs. 2,89,63,92,376.

The company said it will partner with multiple regulated non-banking financial companies (NBFCs) to provide education loans to students. The move comes shortly after PhysicsWallah announced an investment of around Rs 120 crore in its wholly owned subsidiary, FinZ Finance. In an exchange filing, the company said it is moving away from its earlier plan of undertaking lending activities directly. The revised approach is expected to reduce balance-sheet and credit risks. PhysicsWallah said it will continue to operate as a technology platform that connects students with a curated network of regulated lending partners. The company expects the model to improve affordability, accessibility and scalability. The future strategy for FinZ Finance will be decided later, subject to board and regulatory approvals. Co-founder Prateek Maheshwari said stakeholder feedback suggested that PhysicsWallah's core strength lies in building education communities and running its online learning platform, while lending is best handled by regulated NBFCs with established underwriting capabilities. The company said the decision reflects its focus on prudent capital allocation and long-term shareholder value. Physicswallah offers test preparation programmes for JEE, NEET and UPSC, as well as upskilling courses in analytics, finance and software development. It delivers content through online platforms and runs tech-enabled offline and hybrid centres. On a consolidated basis, Physicswallah reported net loss of Rs 74.89 crore in Q4 March 2026 as against net loss of Rs 293.10 crore in Q4 March 2025. Net sales rose 50.72% YoY to Rs 918.80 crore in Q4 March 2026. Powered by Capital Market - Live

Net Loss of Physicswallah reported to Rs 74.89 crore in the quarter ended March 2026 as against net loss of Rs 293.10 crore during the previous quarter ended March 2025. Sales rose 50.72% to Rs 918.80 crore in the quarter ended March 2026 as against Rs 609.60 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 22.49 crore in the year ended March 2026 as against net loss of Rs 215.90 crore during the previous year ended March 2025. Sales rose 35.09% to Rs 3899.54 crore in the year ended March 2026 as against Rs 2886.64 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales918.80609.60 51 3899.542886.64 35 OPM %3.13-37.51 -9.492.54 - PBDT70.33-199.14 LP 499.88140.54 256 PBT-51.55-297.01 83 62.49-225.88 LP NP-74.89-293.10 74 -22.49-215.90 90 Powered by Capital Market - Live

Physicswallah has approved the investment of approximately Rs 120 crore in FinZ Finance, a wholly owned subsidiary of the Company, by way of subscription to up to 2,66,66,667 fully paid-up equity shares of face value Rs 10 each, proposed to be issued on a rights basis.

Physicswallah will hold a meeting of the Board of Directors of the Company on 27 May 2026.

Physicswallah has sold 10% stake held in Bharat Innovations Global, a wholly-owned subsidiary of the Company. Consequently, Bharat Innovations Global has ceased to be a wholly-owned subsidiary of the Company. The Company continues to hold 90% of the equity share capital in Bharat Innovations Global and accordingly, it shall continue to remain a subsidiary of the Company. Powered by Capital Market - Live

Net profit of Physicswallah rose 9.68% to Rs 100.52 crore in the quarter ended December 2025 as against Rs 91.65 crore during the previous quarter ended December 2024. Sales rose 33.68% to Rs 1082.42 crore in the quarter ended December 2025 as against Rs 809.68 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1082.42809.68 34 OPM %21.8422.70 - PBDT280.41203.93 38 PBT167.22110.95 51 NP100.5291.65 10 Powered by Capital Market - Live

Physicswallah will hold a meeting of the Board of Directors of the Company on 5 February 2026.Powered by Capital Market - Live

On a consolidated basis, net sales increased 26.3% YoY to Rs 1,051.24 crore, while net profit jumped 62.4% YoY to Rs 72.33 crore in Q2 FY26. Profit before tax moved up 58.6% YoY to Rs 98.86 crore. Adjusted EBITDA rose 38% YoY to Rs 269.7 crore, with margins improving to 26% from 23% a year earlier. Total expenditure rose 24.6% YoY to Rs 870.1 crore, driven by a 37.8% surge in employee costs to Rs 473.06 crore and a 64.6% rise in raw material costs to Rs 27.12 crore. Free cash flow for H1 FY26 reached Rs 644.1 crore, up from Rs 543.4 crore in H1 FY25, while the treasury stood at Rs 2,551.9 crore as of 30 September 2025. The online business continued to build momentum with 3.22 million enrollments in H1 FY26, up 20% YoY. The offline business expanded its nationwide footprint by adding 128 centres over the past year. The total centre base increased to 314, comprising 117 PW Vidyapeeth, 75 PW Pathshala, 53 Other PW Centres and 69 Subsidiary Centres, compared with 186 centres in H1 FY25. Unique transacting users reached 3.22 million, while offline enrollments climbed 26% YoY to 0.40 million. PhysicsWallah now has 6,643 faculty members, serves 3.5 million daily active users, and records an average engagement time of 103 minutes. Its social media community has crossed 125 million subscribers across platforms. PhysicsWallah, founded in 2020 by Alakh Pandey and Prateek Maheshwari, is headquartered in Noida and aims to democratise education through online, offline and hybrid formats. Originally launched as a YouTube channel in 2016, PW now spans test prep, skilling, higher education and study-abroad programmes, offered in multiple vernacular languages. The company listed on 18 November 2025 at Rs 143.10, a 31.28% premium to the issue price of Rs 109. It touched a high of Rs 162.05 before closing at Rs 155.20 on listing day. The stock has since cooled, trading 13.76% below its peak but still 28.21% above the IPO price. The public issue, open from 11 to 13 November 2025, was subscribed 1.81 times and included a fresh issue of Rs 3,100 crore and an offer for sale of Rs 380 crore, with founders Alakh Pandey and Prateek Boob each selling 1.74 crore shares worth Rs 190 crore at the upper band. Powered by Capital Market - Live

Net profit of Physicswallah rose 62.39% to Rs 72.33 crore in the quarter ended September 2025 as against Rs 44.54 crore during the previous quarter ended September 2024. Sales rose 26.33% to Rs 1051.24 crore in the quarter ended September 2025 as against Rs 832.17 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1051.24832.17 26 OPM %17.2316.11 - PBDT203.55151.37 34 PBT98.8662.35 59 NP72.3344.54 62 Powered by Capital Market - Live