PWL quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Physicswallah Ltd reported sales of ₹1,054 Cr, operating profit of ₹-57 Cr (OPM -5%) and net profit of ₹-88 Cr for the quarter ended Jun 2026. Figures in ₹ crore, consolidated where available.
PWL quarterly results (₹ Cr)
Metric
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sales
832
810
610
847
1,051
1,082
919
1,054
YoY Sales growth
-
-
-
-
26
34
51
24
Expenses
698
626
838
923
870
846
890
1,111
Operating Profit
134
184
-229
-76
181
236
29
-57
OPM
16%
23%
-38%
-9%
17%
22%
3.1%
-5%
Other Income
31
40
25
55
47
41
36
109
Interest
13
19
28
33
25
21
23
26
Depreciation
89
93
98
98
105
113
122
111
Profit before tax
62
111
-330
-152
99
144
-81
-84
Tax
34%
31%
-12%
-16%
29%
29%
-14%
5%
Net Profit
41
77
-289
-127
70
102
-69
-88
EPS in Rs
0.21
0.42
-1.34
-0.55
0.33
0.35
-0.26
-0.27
PWL profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
233
744
1,940
2,887
3,900
4,106
Sales growth
-
219
161
49
35
33
Expenses
99
766
2,916
2,813
3,529
3,717
Operating Profit
134
-22
-975
73
370
389
OPM
57%
-2.9%
-50%
2.5%
9%
9%
Other Income
2
28
146
120
179
233
Interest
0
21
65
85
102
94
Depreciation
4
75
298
366
437
450
Profit before tax
132
-89
-1,193
-259
10
78
Tax
25%
-6%
-5%
-6%
344%
-
Net Profit
98
-84
-1,131
-243
-24
15
EPS in Rs
0.45
-0.38
-4.82
-0.99
-0.08
0.15
Dividend Payout
0%
0%
0%
0%
0%
-
PWL balance sheet (₹ Cr)
Metric
Mar 2023
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Equity Capital
6
6
218
219
286
Reserves
-189
-1,253
472
1,179
3,411
Borrowings
956
1,687
1,831
970
1,876
Other Liabilities
1,307
2,040
1,647
2,582
2,125
Total Liabilities
2,080
2,481
4,168
4,950
7,697
Fixed Assets
1,121
1,464
1,586
1,676
1,830
CWIP
5
0
9
0
8
Investments
205
173
1,401
2,326
2,426
Other Assets
748
844
1,172
948
3,433
Total Assets
2,080
2,481
4,168
4,950
7,697
PWL cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
59
270
212
507
833
Cash from Investing Activity
-58
-1,076
-43
-1,513
-3,282
Cash from Financing Activity
0
848
-165
1,007
2,755
Net Cash Flow
1
42
4
1
306
Free Cash Flow
37
124
1
340
494
CFO/OP
69%
-1,354%
-22%
256%
233%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit