PhysicsWallah cuts Q4 loss 76% to ₹69 Cr as offline network hits 353 centres
PhysicsWallah's Q4 FY26 print shows ₹918.8 Cr revenue and a sharply narrowed ₹69.1 Cr net loss, with FY26 topline of ₹3,899.5 Cr. The edtech's offline footprint expanded to 353 centres, signalling a hybrid pivot ahead of its anticipated IPO.
What happened
Inc42 newsletter covers AI Summit in Bengaluru, PhysicsWallah's Q4 FY26 results showing 76% loss reduction and offline expansion to 353 centres, BYJU's founder
Key facts
- ₹69.1 Cr Q4 net loss
- ₹918.8 Cr Q4 revenue
- ₹3,899.5 Cr FY26 revenue
- 353 offline centres
- ₹120 Cr FinZ investment
- 28% GST on RMG
- ₹2.5 Lakh Cr tax liability
Why this matters
PhysicsWallah's pre-IPO hybrid build-out reshapes the edtech M&A landscape—expect consolidation pressure on sub-scale offline coaching chains and tuck-in opportunities in tier-2 geographies.