PhysicsWallah posts 50% rise in Q4 revenue; swings to a Rs 69 crore loss - The Economic Times

Physicswallah shares gain 5% after Q4 loss narrows, brokerages stay positive on growth outlook

Physicswallah reported Q4 FY26 net loss narrowing to ₹131.76 crore (from ₹314 crore YoY), with revenue up 51% YoY beating estimates; EBITDA turned positive and HSBC initiated with a buy at ₹135 target. For tech-stack decision-makers, the AI-led personalised learning pivot and asset-light K-12 expansion signal that edtech platforms are finding margin recovery through AI personalisation rather than physical infrastructure scale.