PhysicsWallah Jumps 9.5% After Q1 Results, JPMorgan & JM Financial Upgrade Rating

by · Inc42

SUMMARY

  • PhysicsWallah shares jumped 9.5% today after JPMorgan upgraded the stock to ‘Overweight’ and JM Financial raised its rating to ‘Buy’ following the company’s Q1 results
  • The upgrades came despite disruption from the NEET exam cycle, with both brokerages pointing to PhysicsWallah’s resilient underlying business and improved risk-reward following the stock’s recent correction
  • PhysicsWallah’s Q1 operating revenue rose 24.4% YoY to ₹1,054 Cr, its net loss narrowed 30.5% to ₹88.3 Cr, and EBITDA turned positive at ₹52 Cr