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Physics Wallah Slips Into The Red, Posts INR 1,131 Cr Loss In FY24
- Edtech unicorn Physics Wallah (PW) posted a consolidated net loss of INR 1,131.2 Cr in FY24.
- The increase in loss was mainly due to the change in fair value of CCPS and jump in ESOP and employee expenses.
- Operating revenue surged 2.6X to INR 1,940.4 Cr in FY24.
- Physics Wallah's total expenses soared over 280% to INR 3,279.1 Cr in FY24.
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