Q4 EBITDA stood at ₹28.8 crore compared to an EBITDA loss of ₹228.5 crore a year ago. The EBITDA margin improved to 3.1% from a negative 37.5% in the year-ago period. Shares of PhysicsWallah ended flat at ₹112.10 ahead of the earnings announcement on Wednesday, May 27.