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Earnings Call Transcript

Physicswallah Earnings Call Transcript: Key Takeaways

Record Q2 revenue ₹1,242 Cr (+18%), EBITA ₹233 Cr (18.8% margin), PAT ₹142 Cr. Growth is online-led. The NEET shortfall is unresolved, and the 30% FY27 guidance depends on an unquantified H2 recovery.

Physicswallah Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue 30.0% FY27
Highlights
Revenue growthQ2 revenue +18% YoY; H1 +21%; online +26%, offline +9%.
MarginsQ2 EBITA margin 18.8%, up 350 bps YoY; H1 margin 8.3%.
Demand visibilityNEET demand partly recovered; full-cycle online NEET collections still 7% lower.
Management confidenceUpbeat and confident; hedges NEET recovery, avoids quantifying gap closure.

Growth

Online +26%, offline +9% in Q2; PAT ₹142 Cr vs ₹70 Cr. Collections ~16–17% H1 vs 21% revenue growth.

Outlook

FY27 consolidated revenue growth guided at 30%, inclusive of M&A. Offline near breakeven. AI tutor cost under ₹20/hour.

Risks

NEET enrolments still 13% lower; govt-exam enrolment down 24%; offline breakeven and 30% guide rely on H2 recovery.

Source

Earnings Call Transcript filed with NSE, NSE: PWL. Summary written with AI assistance from the document.

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Physicswallah Ltd: key numbers

Share price
₹127.51
Market cap
₹37,088 Cr
Revenue (annual)
₹3,900 Cr
Net profit (annual)
₹-22.49 Cr
P/E (TTM)
1819.5×Sector 34.6×
Promoter holding
71.17%-0.10% QoQ
FII holding
10.68%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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