PhysicsWallah Q1 loss narrows 31%; edtech to transfer FinZ loan book

PhysicsWallah Q1 loss narrows 31%; edtech to transfer FinZ loan book



Edtech firm PhysicsWallah’s consolidated net loss narrowed 31% to Rs 88.3 crore in the April-June quarter from Rs 127 crore, as operating revenue increased 24% to Rs 1,054 crore.The company reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 52 crore, compared with a Rs 21 crore loss a year earlier. Other income nearly doubled to Rs 109 crore. Excluding other income and accounts for lease payments, the company



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