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Physics Wallah s Revenue Up 3 4X To Rs 798 Cr In FY23, Expenses Grow To Rs 777 Cr

Physics Wallah s Revenue Up 3 4X To Rs 798 Cr In FY23, Expenses Grow To Rs 777 Cr
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PhysicsWallah records 3 4X revenue growth to Rs 798 Cr in FY23

PhysicsWallah records 3 4X revenue growth to Rs 798 Cr in FY23
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Prateek maheshwariAlakh pandeyPhysicswallah alakh pandeyRegistrar of companiesPhysics wallahLease equalization reserveAlakh pandey led

PhysicsWallah s standalone revenue surges 3 4x to Rs 798 cr in FY23, net profit down to Rs 16 cr

To be sure, the company shared that the fall in net profit is owed to non-cash expenses of about Rs 62.1 crore including Employee Stock Ownership Plan (ESOP), lease equalisation reserve (LER) and inventory provision. These provisions are not actual expenditures that the company has incurred, but futuristic provisions, it added.

Alakh pandeyPrateek maheshwariMinistry of corporate affairsCorporate affairsEmployee stock ownership planGovernment one dayNet profit

Physics Wallah: Edtech unicorn Physics Wallah s FY23 revenue jumps three-fold to Rs 772 crore, profit falls

Physics Wallah reported a fall in its net profit to Rs 16 crore in FY23 from Rs 98 crore in the previous fiscal, on account of a jump in its employee costs and provisioning of certain non-cash expenses.

Uttar pradeshAbhishek mishraPrateek maheshwariOffering collegeRegistrar of companies roProgramme in fintechNorthwestern universityPhysics wallahTech prowessHigh value skillApplied riskPost graduate certificateData science forXylem learningEmployee costs

physics wallah: Physics Wallah eyes offline expansion in 2024 with 100 physical centres

“Currently, we have more than 60 centres. By next year we are targeting 100 centres. This year we catered to 1.4 lakh students, which should go up to 2.4 lakh,” cofounder Prateek Maheshwari said.

Tamil naduUttar pradeshPrateek maheshwariAlakh pandeyIndian school of businessOffering collegeTechnology leadershipProgramme in fintechPhysics wallahTech prowessHigh value skillApplied riskXylem learningOffline footprintAlakh ai