PhysicsWallah reported a 70% increase in net profit and 26% growth in operating revenue for the July-September period on Monday, when the edtech startup announced its first quarterly results as a listed company.
Net profit for the second quarter rose to Rs 70 crore from Rs 41 crore a year earlier. Operating revenue was Rs 1,051 crore. The growth was primarily driven by an increase in paid users.
Adjusted Ebitda margin improved to 26% from 23% a year ago due to better operating leverage, the firm said.
Expenses rose to Rs 999 crore in the fiscal second…