Physicswallah Limited reported revenue of approximately ₹3,900 crore and a pre-Ind AS EBITDA of ₹300 crore for FY26. The company narrowed its net loss to approximately ₹24 crore, marking a significant improvement in financial performance driven by operating leverage and offline business stabilization.

The results were presented during the company's sixth Annual General Meeting (AGM), held virtually on September 25, 2026. Prateek Boob, Whole-time Director, highlighted that the improvement was primarily driven by continued operating leverage in the online business segment and a reduction in losses within the offline business. The management emphasized a sustained focus on sustainable and profitable growth across its more than 16 examination categories.

Key Financial Highlights

The following table summarizes the key financial metrics disclosed during the AGM proceedings:

What the Numbers Show

The data indicates a divergence between top-line scale and bottom-line profitability. While the company achieved substantial revenue of ₹3,900 crore, the net loss of ₹24 crore suggests that despite strong gross profitability (EBITDA of ₹300 crore), fixed costs or non-operating expenses continue to erode nearly all operating profits. The narrowing of losses signals progress toward breakeven, but the gap between EBITDA and PAT remains significant relative to the profit level.

Governance and Resolutions

The AGM addressed several ordinary and special businesses. Members adopted the financial statements for FY26 and re-appointed Prateek Boob as a director retiring by rotation. Special resolutions included the appointment of Anoop Kumar Mittal as a Non-Executive Independent Director and the adoption of a new set of Articles of Association.

The meeting also ratified the remuneration of cost auditors Bahadur Murao & Co. for FY27 and appointed Naresh Verma & Associates as Secretarial Auditors. Voting results for all resolutions, including remote e-voting and electronic voting during the meeting, will be disseminated separately along with the Scrutinizer's Report.

Physicswallah Limited will host physical meetings with analysts and investors in both Mumbai and Singapore in late September 2026. The company has scheduled a group and one-on-one session in Mumbai on September 23, followed by another set of meetings in Singapore from September 28 to September 29.

The disclosures were issued pursuant to Regulation 30 of the SEBI Listing Regulations. Representatives of the company will discuss the general business outlook and information already in the public domain. No unpublished price-sensitive information will be disclosed during these interactions.

Meeting Schedule

The schedule is subject to change due to exigencies on the part of the analysts, investors, or the company. Both events are confirmed as physical meetings.

Ajinkya Jain, Group General Counsel and Company Secretary, signed the intimations. The disclosure for the Mumbai meeting was dated September 18, 2026, while the Singapore meeting intimation was signed on September 23, 2026. These disclosures are available on the company's investor relations website.