• Financial guidance: Management projects 30% revenue growth, upwards of 100% EBITDA growth, and full-year bottom-line profitability in FY27 after Q4 losses narrowed 76% to 69 crore. The company also expects to comfortably exceed analyst estimates of 670 crore PAT in FY28.
• Offline expansion: Offline centers typically progress from -6% EBITDA in year one to 12–15% by year three, with 60% of Vidyapeeth centers already profitable. Offline segment margins improved from -19% in FY25 to -10% in FY26, with management targeting group-level offline profitability this year.
• NBFC initiatives: PhysicsWallah uses proprietary ML models based on academic data to underwrite sub-one-year loans, maintaining NPAs below 1%. Two-thirds of loans are allocated to internal students and one-third to outside students, with no significant future capital allocation planned.
• AI technology investments: Annual tech, cloud, and AI personnel costs stand at 250 crore, supporting custom small language models such as the upcoming 20-billion-parameter Aryabhatta 2.0. The company plans to release a conversational 1-to-1 AI tutor aimed at raising course completion rates to 60–90%.