PhysicsWallah's revenue rises to Rs 232.48 cr, net profit surges 14 times

The company has reported a profit at a time when top tech unicorns, especially edtech firms are incurring steep losses and are laying-off employees

Edtech unicorn PhysicsWallah (PW)  reported its standalone operating revenues for the financial year 2021-22 as Rs 232.48 crore, a nine-fold rise from Rs 24.59 crore in FY21. The firm reported a net profit of Rs 97.8 crore, a surge of 14 times from Rs 6.93 crore in the previous financial year, according to data accessed by business intelligence platform, Tofler. 

PW’s standalone expenses were Rs 103.17 crore, a six-fold increase from Rs 15.36 crore in the previous financial year. In FY22, PW’s employees' benefit expenses were Rs 42.18 crore,  reporting over 20 times rise against Rs 2.01 crore in the previous