Edtech PhysicsWallah expects Q3 to be profitable, full-year profitability by FY27

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After reporting a profitable second quarter, edtech company PhysicsWallah expects to repeat the performance in the third quarter as well, and is projecting full-year profitability by FY27. This would come on the back of newer online categories scaling up and reaching profitability levels similar to older categories, cofounder and chief executive Alakh Pandey said on Tuesday.

“We want to grow sustainably. You will see improvements in both revenue and profitability as we scale. Both numbers will rise over the next three to four years because the…



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Edtech PhysicsWallah expects Q3 to be profitable, full-year profitability by FY27



After reporting a profitable second quarter, edtech company PhysicsWallah expects to repeat the performance in the third quarter as well, and is projecting full-year profitability by FY27. This would come on the back of newer online categories scaling up and reaching profitability levels similar to older categories, cofounder and chief executive Alakh Pandey said on Tuesday.

“We want to grow sustainably. You will see improvements in both revenue and profitability as we scale. Both numbers will rise over the next three to four years because the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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