IPO-bound PhysicsWallah's revenue grows by 53% in FY25, losses narrow

IPO Bound PhysicsWallah Posts 53% Revenue Growth in FY25, Cuts Losses by 80%.

Expert Analysis:

• Revenue Growth: PhysicsWallah, the first ed-tech firm with Sebi IPO nod, posted a 53% jump in FY25 revenue to ₹3,000 crore from ₹1,950 crore in FY24.

• Loss Reduction: Losses reduced by 80 per cent in FY25; FY24 losses were ₹1,131 crore, though the FY25 exact figure is not disclosed.

• Profitability Metric: Earnings before interest, taxes, depreciation, and amortisation (Ebitda) stood at around ₹200 crore.

• User Base Expansion: Revenue growth driven by offline push and paid batch enrolments, with paid users rising to five million from 3.6 million in FY24.

• Offline Growth: PhysicsWallah added over 120 centres in FY25, taking its total network to more than 200 offline centres.

• Financial Position: Marketing spend stayed below 10 per cent of revenue; the company remains debt-free with over ₹2,000 crore in treasury.

• IPO Plans: PhysicsWallah aims to raise around ₹4,500 crore via IPO, filing DRHP with Sebi in March through confidential pre-filing.