Physicswallah shares surged 4% to ₹124.67 after announcing the sale of a ₹95.79‑crore loan book from its NBFC arm.
FinZ Finance Private Ltd transferred the portfolio to Auxilo Finserve on Oct 3, with the Deed of Assignment executed the same day. The deal is expected to wrap within 60 days, eliminating a core source of credit risk for the subsidiary.
For the FY ended 31 March 2026, FinZ recorded total income of ₹1.35 crore, a 0.04 % slice of Physicswallah’s consolidated earnings, while its net worth stood at ₹60.30 crore, 1.18 % of the parent’s balance sheet.
The move follows a June 4 disclosure that the company is restructuring its NBFC segment. CEO Alakh Pandey said the company will now route student financing through regulated third‑party NBFCs, freeing capital to focus on its education platform.
Shares are trading 3.7 % higher at ₹124.67, above the IPO price of ₹108, yet the stock remains 6 % off year‑to‑date highs, reflecting market caution amid the shift.
Physicswallah will report its Q2 results on Nov 15, with analysts eyeing how the partner‑led lending model impacts future margins and capital efficiency.