PhysicsWallah's standalone revenue surges 3.4x to Rs 798 cr

PhysicsWallah's standalone revenue surges 3.4x to Rs 798 cr in FY23, net profit down to Rs 16 cr

To be sure, the company shared that the fall in net profit is owed to non-cash expenses of about Rs 62.1 crore including Employee Stock Ownership Plan (ESOP), lease equalisation reserve (LER) and inventory provision. These provisions are not actual expenditures that the company has incurred, but futuristic provisions, it added.

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