Physics Wallah Posts INR 1,131 Cr Loss in FY24

• Sharp rise in FY24 loss due to change in fair value of CCPS and increase in ESOP and employee expenses.
• Operating revenue surged 2.6X to INR 1,940.4 Cr in FY24.
• Startup readjusted its bottom line for FY23 due to a change in accounting standards.
• Total expenses soared over 280% to INR 3,279.1 Cr in FY24.
• Miscellaneous expenses were the biggest cost centres for PW.

Source: Inc42