No price hike in Physicswallah’s courses; will continue to be priced below Rs 5,000: CEO Alakh Pandey

“As long as PW exists, courses will remain affordable. They will never reach Rs 15,000-20,000.”

STC NEWS MONITORING DESK
JANUARY 13 (STC): All of PhysicsWallah’s (PW’s) batches will continue to remain affordably priced under Rs 5,000. There is no plan to hike the prices as reported in a section of media.
This is what the founder and CEO Alakh Pandey, has stated while dispelling rumours of a potentially imminent price hike.
“I promise that, if the prices of PhysicsWallah’s courses cross Rs 5,000, either PW won’t exist, or I won’t be part of PW,” he said while speaking to students at an event organised by PW in Kota.
Earlier there were reports alleging that the prices of PW’s courses will increase from the current Rs 4,000-5,000 range to as much as Rs 15,000-20,000.
“As long as PW exists, courses will remain affordable. They will never reach Rs 15,000-20,000,” Pandey said.
Notably, PW reported a massive 13-fold increase in loss for FY24 at Rs 1,130 crore, from Rs 84 crore the previous fiscal due to increased spending on growth. This led to speculations that there would be increase in prices of courses to overcome the losses.
“FY25 is expected to be our highest absolute EBITDA year. While our online operations have been nearly 50 percent profitable from day one, our offline centres, which have required significant capital expenditure, will also start delivering results over time,” Pandey told Moneycontrol in an interview in September.
It’s worth mentioning that PW draws as much as 55 percent of its business from online channels, with the remaining coming from its offline Vidyapeeth centers. As of September last years, Pandey said that eight of its 11 offline regions were profitable. (STC)