PhysicsWallah Shares Surge 5% as Q2 Profit Soars 70%

• PhysicsWallah reported a 70% year-on-year increase in net profit and a 26% rise in operational revenue for the September quarter.
• Following the strong Q2 results, PhysicsWallah's shares initially jumped over 5%, closing with a 0.47% gain on the BSE.
• The company's user base grew 29% year-on-year to 3.62 million, with online paid users reaching 3.22 million and offline enrollments 400,000.
• PhysicsWallah significantly expanded its offline footprint, increasing its centers from 186 to 314 year-on-year, supported by a faculty of 6,643.
• Since its IPO at ₹109 per share, PhysicsWallah's stock listed at a 35% premium and hit a record high of ₹162.05.

Why It Matters: PhysicsWallah's strong results and stock surge highlight its market success.