Physicswallah Limited has released the transcript of its Earnings Conference Call held on May 27, 2026. The call discussed the company's audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. During the call, CEO Alakh Pandey highlighted a strong FY26, with revenues reaching INR 3,900 crores, marking a 35% year-on-year growth. EBITDA saw a significant increase, jumping 3x from INR 93 crores to INR 300 crores. The company also reported a substantial improvement in PAT, moving from a loss of INR 234 crores to a loss of INR 24 crores, with a one-time adjustment of INR 63 crores impacting the PAT positive outcome. Online revenues grew by 39%, contributing 50.1% of the overall revenues, with a target to reach 55% in three years. The company continues to focus on AI, with initiatives like Ask AI resolving over 3 million queries and the development of small language models such as Aryabhatta. The company is also committed to full-year PAT profitability for FY27. For Q4 FY26, revenues grew by 51% year-on-year to INR 919 crores. EBITDA improved to INR 9 crores from a loss of INR 139 crores in the previous year. The offline business grew by 31% year-on-year, contributing INR 1,775 crores to the revenue from operations, with plans to break even in FY27. The company also announced plans to invest INR 120 crores in a wholly-owned NBFC to provide educational financing, primarily for its students.
