Physics Wallah: Edtech unicorn Physics Wallah’s FY23 revenue jumps three-fold to Rs 772 crore, profit falls
Edtech unicorn PhysicsWallah said its revenue from operations in fiscal 2023 rose threefold to Rs 772 crore on a standalone basis, attributing the growth mainly to its expansion into the offline space.Net profit, however, fell to Rs 16 crore from Rs 98 crore in FY22, on account of a significant increase in employee costs and provisioning towards certain non-cash expenses, which led to a sevenfold jump in total expenses, PhysicsWallah said in a news release Friday.Elevate Your Tech Prowess with High-Value Skill…