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PhysicsWallah shares jump 10% after Q2 profit more than doubles: Buy, sell or hold? What brokerages say

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In short

The company's financial growth was predominantly driven by a surge in digital learning demand, with its online segment generating ₹239 crore in pre-Ind AS EBITDA. In contrast, offline physical centres posted an operating loss alongside a deliberate slowdown in new branch rollouts. Technical analysts note that despite the sharp rally, sustained momentum requires the stock to convincingly overcome overhead resistance levels.

Key points

  • Digital operations generated strong profitability that effectively offset an ₹8 crore pre…: Digital operations generated strong profitability that effectively offset an ₹8 crore pre-Ind AS EBITDA loss in the offline segment.
  • Brokerage projections point to robust expansion in the second half of FY27, with anticipa…: Brokerage projections point to robust expansion in the second half of FY27, with anticipated revenue growth of 23% and EBITDA gains of 82%.
  • Technical market analysts view a sustained close above ₹150 as necessary to confirm a str…: Technical market analysts view a sustained close above ₹150 as necessary to confirm a structural breakout beyond a short-term earnings reaction.

Sources checked by our analysis pipeline: 1

Shares of edtech company PhysicsWallah surged 10% on Thursday, 5 November, after the company reported more than a twofold increase in its consolidated net profit for the second quarter of FY27.

PhysicsWallah reported a consolidated net profit of ₹143.63 crore for the quarter ended 30 September 2026, compared with ₹70 crore in the corresponding quarter last year.

Consolidated revenue from operations grew around 18% year-on-year to ₹1,242.26 crore in Q2 FY27, from ₹1,051.24 crore in the September 2025 quarter, the company said in a statement.

“We delivered record revenue and a sharp improvement in profitability, while our learner base kept widening across K-12, vernacular and new categories. Our focus remains on scaling affordable, tech-led education with disciplined capital allocation,” said Alakh Pandey, Founder and CEO of PhysicsWallah.

The company recorded growth of more than 30% in NEET enrolments during the September quarter, as demand that had been deferred following the postponement of NEET UG examinations came through.

Its online business continued to drive growth, with revenue increasing 26.4% year-on-year to ₹694 crore. Revenue from offline operations rose 9% to ₹541…

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