Porter delivers first profit as revenue surges 57% in FY25
What's the story
Bengaluru-based on-demand logistics start-up Porter has reported a massive 57% jump in its operating revenue for the fiscal year 2025. The company's revenue stood at ₹4,306 crore during the period, according to financial statements filed with the Registrar of Companies (RoC). This revenue growth is part of Porter's overall financial improvement, which also includes turning a net loss in FY24 into a net profit in FY25.
Profit milestone
Porter turns net profit for the first time
Along with the revenue surge, Porter also managed to turn profitable in FY25. The company reported a net profit of ₹55 crore for the year. This is a major turnaround from its performance in fiscal 2024 when it had posted a loss of ₹96 crore. The improvement comes as a result of Porter's strategic expansion into new categories and geographies over the past year. The company currently has a presence in more than 25 cities.
Business model
Full-stack logistics platform
Porter has established itself as a full-stack, multi-category logistics platform. The company offers services like last-mile delivery, parcel movement, and intercity relocations through a single app. This unique business model is likely to have contributed to its revenue growth over the past year and potentially helped it capture a larger share of the market.
Cost management
Efficient cost management strategy
Despite the rapid expansion and revenue growth, Porter's expenses have only increased by 50% to ₹4,286 crore. The company has managed to keep its costs in check even as it expands into new categories and geographies. This efficient cost management strategy has contributed to the company's profitability in FY25.
Funding progress
Funding round nearing completion
On September 9, The Economic Times reported that Porter is close to completing a $300 million funding round. As part of this round, the company had announced a $200 million funding in May. The investment was led by private equity firms Kedaara and Wellington Management and valued the company at $1.2 billion.