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Welcome to KSBD Investment and Financial Services Private Limited Company ,We believe in providing access to retail investors and HNI Investors via alternative sources of investments . The primary objective is to help KSBD investors get access to all Unlisted / Pre IPO stocks before their listing in the Indian stock markets (BSE | NSE) and help them by investing early.
Noida-based edtech giant PhysicsWallah has posted impressive revenue growth, surpassing the ?2,000 crore mark for the fiscal year ending March 31, 2024. The company’s operating revenue surged by an impressive 160%, reaching ?1,940 crore, compared to ?744 crore in FY23. However, despite this rapid growth, PhysicsWallah’s losses widened drastically, ballooning nearly 13.5 times to ?1,131 crore from ?84 crore in the previous year.
The dramatic rise in losses was primarily driven by a significant jump in expenses, which surged to ?1,948 crore in FY24, up from ?653 crore the previous year. A large portion of these expenses was attributed to non-cash adjustments following the company’s adoption of Indian Accounting Standards (Ind-AS) after crossing the ?1,000 crore revenue threshold. These included increased liabilities from compulsorily convertible preference shares (CCPS), depreciation and amortization, and employee stock options (ESOPs).
