PhysicsWallah Q1 loss narrows 31%; edtech to transfer FinZ loan book

The company reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 52 crore, compared with a Rs 21 crore loss a year earlier. Other income nearly doubled to Rs 109 crore. Excluding other income and accounts for lease payments, the company remained loss-making at Rs 44 crore, although the loss narrowed from Rs 89 crore.