Tag

EdTech

5 articles
Physicswallah's strong first-quarter results highlight the continued growth potential within the Indian EdTech sector, despite ongoing challenges. Revenue increased by 24% to 34% year-over-year, reaching INR 1,054 crores, fueled by expansion in both online K-12 and early learning segments. Improved cost leverage and flat ESOP expenses contributed to a significant EBITDA improvement, with the company even achieving positive EBITDA of ₹52 Cr in some reporting. However, net losses persist, and the company is strategically divesting its Finzy Fintech subsidiary to concentrate on its core education platform, signaling a focus on profitability and sustainable growth.