PhysicsWallah (File Photo)
Edtech agency PhysicsWallah has acquired an earnings tax demand discover of ₹263.34 crore for the evaluation yr 2023-24.
The demand was raised after the Income Tax Department handled investments acquired by the corporate from buyers through the interval, together with funds from SEBI-registered Category II Alternative Investment Funds (AIF), as taxable earnings, PhysicsWallah mentioned in a regulatory submitting.
The firm plans to challenge the evaluation order.
“Based on its preliminary assessment, the company believes that it has strong legal and factual grounds to file an appeal before the appropriate appellate authority,” PhysicsWallah mentioned.
PhysicsWallah posted a few 33 per cent enhance in consolidated revenue to ₹102.27 crore within the December quarter.
Its income from operations additionally grew about 33 per cent to ₹1,082.41 crore through the quarter from ₹809.67 crore a yr earlier.
Shares of PhysicsWallah settled 7.87 per cent increased at ₹86.81 crore on the BSE on Wednesday. The statutory submitting was made post-market hours.
(Only the headline and film of this report might have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Published: Mar 18 2026 | 9:49 PM IST