🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

BUZZBYTE

NEWS PAGE • 8m

Noida-based edtech company PhysicsWallah’s consolidated revenue nearly tripled to ₹2,015 crore in the fiscal year ended 31 March, but its losses surged on the back of a jump in expenses. This comes at a time when the company has been chasing aggressive growth over the past two years, entering new business segments and making acquisitions to expand into new markets. But the company's revenue growth has come at a cost. The firm, once feted as the only highly-valued and profitable edtech startup in India, widened its losses massively this year. PhysicsWallah reported a net loss of ₹1,130 crore in FY24, a more than 13-fold jump from ₹84 crore in FY23, its financial statement filed with the Registrar of Companies showed.

Reply
1

More like this

Recommendations from Medial

Jeet Sarkar

 • 

Norton • 1y

Mumbai-headquartered Tata Motors has posted a more than threefold jump in its consolidated net profit for the fourth quarter of 2023-24 to Rs 17,528 crore.

Reply
2

gray man

I'm just a normal gu... • 2m

Eternal, led by Deepinder Goyal, reported a steep 77.8% decline in its consolidated profit after tax (PAT), which dropped to INR 39 crore in Q4 FY25 from INR 175 crore in the same quarter last year. The sharp fall in profits comes despite strong reve

See More
Reply
27
Image Description
Image Description

mg

mysterious guy • 4m

LIC losses Rs 84000 crore in Indian stock market crash

2 Replies
8

Lone Wolf

Founder • 3m

PhysicsWallah’s bold move to file for a ₹4,600 crore IPO amid the decline of many Indian edtech startups is a testament to their resilience and strong fundamentals. While others struggled with profitability and cash burn, PW focused on affordability,

See More
Reply
7

gray man

I'm just a normal gu... • 2m

Amid intense competition in the quick commerce space, Blinkit’s adjusted EBITDA loss soared over 381% year-on-year to INR 178 crore in Q4 FY25, compared to INR 37 crore in the same quarter last year. On a sequential basis, the loss increased nearly

See More
Reply
16
Image Description

Chamarti Sreekar

Passionate about Pos... • 4m

SolarSquare’s Losses Surge Despite Revenue Growth in FY24 Rooftop solar provider SolarSquare saw a 63.5% YoY revenue growth in FY24, reaching ₹175 crore. However, its losses jumped 2.3X to ₹69 crore due to rising costs. Revenue from operations grew

See More
1 Reply
1
15
Image Description
Image Description

LIKHITH

"You never know" • 11m

STAY UPDATED !! Byju's, Bengaluru-based edtech firm, is reportedly in talks with the Board of Control for Cricket in India (BCCI) to settle its Rs 158.90 crore debts. If the settlement is reached, Byju's will be released from an insolvency process

See More
10 Replies
13
Image Description

Rohan Saha

Founder - Burn Inves... • 1m

Nykaa has shown a 193% jump in its profit, and alongside that, its revenue has also grown by 24%. 🥳

1 Reply
6

The Hustler

Become the 1% • 2m

"Swiggy Serves Up Double the Losses with a Side of Soaring Sales!" Swiggy’s Q4 was like ordering a gourmet meal and getting hit with a giant bill — their losses almost doubled to ₹1,081 crore, even though revenue from operations spiced up 44.8%! It’

See More
Reply
3
15

ProgrammerKR

 • 

Medial • 2m

📉 Swiggy Reports Big Loss Despite Strong Revenue Growth in Q4 FY25 Swiggy, one of India’s leading food and grocery delivery platforms, just announced its Q4 FY25 financial results — and the numbers are a mix of strong growth and rising losses. The

See More
Reply
11

Download the medial app to read full posts, comements and news.