Edtech platform Physics Wallah remains profitable for the third consecutive year, with the reported revenue soaring to Rs 798 crore in FY23, up 3.4X from the previous financial year.

The revenue from operations for the fiscal year ended March 2023 increased to Rs 771.76 crore from Rs 232.47 crore in the previous fiscal year and Rs 24.6 crore earned in FY21.

As per the company, the surge in revenue was fueled by increased penetration in the offline category.

“Our online categories grew to 2.5X in terms of student headcount from 9 lakh in FY22 to 23.5 lakh in FY23, while our offline student headcount grew to 5.5C touching 60,000 enrolments in FY23,” said Prateek Maheshwari, Co-founder, PhysicsWallah.........

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