Alakh Pandey's PW profit declines 91% to ₹8.9 crore in FY23

Alakh Pandey-led edtech unicorn Physics Wallah reportedly faced a 91% profit drop in FY23, with net profit falling to Rs 8.9 crore from Rs 98.2 crore in FY22. The sharp decline in profit can be attributed to rise in expenses which soared by 671%, from Rs 103.1 crore to Rs 794.5 crore.