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PhysicsWallah’s losses widen in FY24 as rising expenses overshadow 2.6X revenue growth

  • PhysicsWallah (PW) reported widened losses in FY 2023-24, despite a 2.6X increase in revenue.
  • The Noida-based edtech company revised its FY 2022-23 figures, reporting a loss of Rs 84.1 crore.
  • Rapid expansion and increasing expenses contributed to the significant losses.
  • PW aims for sustainable growth in FY25 after experiencing EBITDA profitability in the first two quarters of FY24.

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