The Alakh Pandey-led company saw its net profit nosedive to Rs 8.9 crore in the financial year 2022-23 (FY23) from Rs 98.2 crore in FY22, owing to a rise in its expenses, according to a report in leading startup news portal Inc42. PhysicsWallah Registeres Massive ‘91%’ Plunge in Its Profit to Rs 8.9 Crore in FY23.