Shares of PhysicsWallah ended today’s trading session 15.6% higher at ₹106.50 apiece on the BSE. Its market capitalisation stood at ₹30,763.6Cr (about $3.2 Bn) at end of the day.
Original Story | June 4, 2026, 12:13 IST
Edtech major PhysicsWallah has rolled back its plan to provide financing to students through its wholly owned NBFC subsidiary, FinZ Finance.
In a statement today, the Alakh Pandey-led company said it is restructuring its lending strategy and has tied up with multiple “leading” regulated third-party NBFCs to enable student lending needs.
“This decision reverses the company’s earlier approach and is intended to materially reduce balance sheet and credit related risks for the company,” the company said.
Notably, the company’s shares were under pressure since it announced its decision to infuse ₹120 Cr into FinZ Finance last week. Following the announcement today, the shares surged as much as 17.8% to touch an intraday high of ₹108.45 on the BSE.
“We received feedback from our partners that our core strength lies in building communities and our online business. Our lending business is best left to regulated third-party NBFCs who have created robust underwriting capabilities,” PhysicsWallah cofounder Prateek Maheshwari said on the change in the company’s plans.
The edtech major said it will continue operating as a technology platform that connects PhysicsWallah students with a curated network of regulated lending partners, with loan offerings tailored to a student’s learning lifecycle and academic progress.
The company added that the objective is to improve affordability and accessibility while making the financing model more scalable and better integrated into its student ecosystem.
On FinZ Finance, PhysicsWallah said the future strategic direction of the NBFC arm will be decided in the near term, subject to approval from the board and relevant regulatory authorities.
Last week, PhysicsWallah reported a 76% decline in its consolidated net loss to ₹69.1 Cr in Q4 FY26 from ₹289.3 Cr in the same quarter last year. The edtech major had posted a profit of ₹102.3 Cr in Q3 FY26. Operating revenue for the quarter rose 51% YoY to ₹918.8 Cr. Sequentially, it declined 15% from ₹1,082.4 Cr.