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Physicswallah (PWL)₹126.65−2.62%E-Learning
In the Jun 2026 quarter (consolidated), Physicswallah reported sales of ₹1,054 Cr, up 24.6% from Jun 2025, and net profit of −₹88.21 Cr. For the year to Mar 2026, sales were ₹3,895 Cr and net profit −₹24.04 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 831 | 810 | 609 | 845 | 1,049 | 1,081 | 918 | 1,054 |
| Expenses | 697 | 626 | 838 | 922 | 870 | 845 | 890 | 1,111 |
| Operating Profit | 134 | 184 | −229 | −75.96 | 181 | 236 | 28.96 | −56.94 |
| OPM % | 16.0% | 23.0% | −38.0% | −9.0% | 17.0% | 22.0% | 3.1% | −5.0% |
| Other Income | 31.07 | 40.13 | 25.08 | 55.15 | 47.16 | 41.12 | 36.09 | 109 |
| Interest | 13.02 | 19.02 | 28.05 | 33.05 | 25.06 | 21.02 | 23.03 | 26.05 |
| Depreciation | 88.78 | 92.75 | 97.75 | 97.77 | 105 | 113 | 122 | 111 |
| Profit before tax | 62.20 | 111 | −331 | −152 | 99.26 | 144 | −81.23 | −84.23 |
| Tax % | 33.9% | 30.9% | −12.0% | −16.1% | 28.9% | 28.9% | −14.1% | 5.0% |
| Exceptional items | 0.00 | 0.00 | −33.15 | 0.00 | 0.00 | −17.06 | −24.10 | 0.00 |
| Net Profit | 41.10 | 77.15 | −290 | −127 | 70.11 | 102 | −69.12 | −88.21 |
| EPS (Rs) | 7.43 | 15.13 | −1.35 | −0.56 | 0.34 | 0.36 | −0.27 | −0.28 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales | 233 | 743 | 1,938 | 2,885 | 3,895 | 4,101 |
| Expenses | 99.03 | 766 | 2,916 | 2,687 | 3,529 | 3,716 |
| Operating Profit | 134 | −21.98 | −974 | 199 | 370 | 389 |
| OPM % | 57.0% | −2.9% | −50.0% | 7.0% | 9.0% | 9.5% |
| Other Income | 2.01 | 28.08 | 147 | −6.02 | 179 | 234 |
| Interest | 0.00 | 21.02 | 65.06 | 85.16 | 102 | 95.16 |
| Depreciation | 3.99 | 74.79 | 297 | 365 | 436 | 450 |
| Profit before tax | 132 | −89.29 | −1,196 | −260 | 10.03 | 78.13 |
| Tax % | 25.0% | −6.0% | −5.0% | −6.0% | 343.9% | — |
| Exceptional items | 0.00 | 5.02 | 95.32 | −133 | −11.05 | −41.16 |
| Net Profit | 98.21 | −84.21 | −1,133 | −244 | −24.04 | 14.94 |
| EPS (Rs) | 16.38 | −13.58 | −173.59 | −1.00 | −0.09 | 0.15 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 5.98 | 5.98 | 5.98 | 217 | 285 |
| Reserves | 99.75 | −188 | −1,248 | 471 | 4,223 |
| Borrowings | 0.00 | 955 | 1,685 | 1,830 | 1,052 |
| Other Liabilities | 67.32 | 1,309 | 2,039 | 1,648 | 2,111 |
| Total Liabilities | 173 | 2,081 | 2,483 | 4,166 | 7,672 |
| Fixed Assets | 27.01 | 1,122 | 1,465 | 1,586 | 1,832 |
| CWIP | 5.99 | 5.01 | 0.00 | 9.01 | 5.01 |
| Investments | 23.92 | 204 | 173 | 1,397 | 2,420 |
| Other Assets | 116 | 749 | 845 | 1,174 | 3,415 |
| Inventories | 5.01 | 23.09 | 53.18 | 89.34 | 102 |
| Trade receivables | 0.00 | 13.03 | 36.06 | 42.09 | 82.18 |
| Cash & equivalents | 40.92 | 529 | 78.86 | 175 | 1,123 |
| Total Assets | 173 | 2,081 | 2,483 | 4,166 | 7,672 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | 58.90 | 269 | 212 | 506 | 831 |
| Cash from investing activity | −57.84 | −1,073 | −42.89 | −1,511 | −3,275 |
| Cash from financing activity | 0.00 | 845 | −165 | 1,004 | 2,747 |
| Net cash flow | 0.99 | 41.94 | 3.99 | 0.00 | 305 |
| Capex | 21.95 | 146 | 235 | 167 | 342 |
| Free cash flow | 37.11 | 124 | 1.01 | 341 | 496 |
| CFO / OP % | 69.1% | −1,354.0% | −21.9% | 256.1% | 233.1% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 0 | 6 | 7 | 5 | 8 |
| Inventory days | — | 174 | — | — | — |
| Days payable | — | 398 | — | — | — |
| Cash conversion cycle | 0 | −217 | 7 | 5 | 8 |
| Working capital days | −81 | −213 | −111 | −87 | 228 |
| ROCE % | — | −15.1% | −172.0% | −3.0% | 4.0% |
For the Jun 2026 quarter, Physicswallah reported sales of ₹1,054 Cr, up 24.6% year on year and net profit of −₹88.21 Cr. The operating margin was −5.0%.
Physicswallah's sales for the year to Mar 2026 were ₹3,895 Cr; over the last twelve months they were ₹4,101 Cr.
Net profit for the year to Mar 2026 was −₹24.04 Cr, and ₹14.94 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.15.
Physicswallah reported borrowings of ₹1,052 Cr at Mar 2026, against cash and equivalents of ₹1,123 Cr.
Cash from operations was ₹831 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹496 Cr.