Porter turns profitable at Rs 55.3 crore in FY25, revenue rises 58%

Porter turns profitable at Rs 55.3 crore in FY25, revenue rises 58%

Porter, the intracity logistics and truck aggregation platform, swung to consolidated profitability in FY25 after a year of aggressive expansion. The company reported a consolidated net profit of Rs 55.3 crore for the year ended March 2025, compared to a consolidated loss of Rs 97.8 crore in FY24.

The turnaround was powered by a sharp rise in revenues. Revenue from operations surged 57.5% year-on-year to Rs 4,306.2 crore in FY25, up from Rs 2,733.8 crore in FY24. Including other income of Rs 35.4 crore, total consolidated revenue stood at Rs 4,341.6 crore, a 56.9% increase over the previous year.

Costs rose as the company scaled. Operational expenses increased 55.3% to Rs 3,679.0 crore, while employee benefit expenses grew 20.2% to Rs 285.2 crore, reflecting higher payouts and expansion of the workforce. Finance costs jumped to Rs 12.8 crore from Rs 1.8 crore, indicating higher borrowings, while depreciation rose nearly 12% to Rs 15.5 crore. Other expenses, including technology, marketing, and administration, expanded 22.3% to Rs 293.7 crore.

Even so, revenue growth outpaced the rise in costs. Total expenses rose 49.8% to Rs 4,286.4 crore, lower than the pace of topline expansion. This helped Porter post a profit before tax of Rs 55.3 crore, compared with a loss of Rs 97.8 crore a year earlier.

The FY25 numbers mark a critical shift for the logistics startup, which competes in India’s hyperlocal delivery and intracity trucking market. By achieving profitability at the consolidated level, Porter has demonstrated operating leverage and improved unit economics, strengthening its position as it looks to deepen market share.

The results come shortly after Porter raised another $110 million from Vitruvian Partners, Elev8 Venture Partners and others in an extended Series F round, as part of an ongoing round where it has cumulatively raised $300-310 million from a slew of internal and external investors, Moneycontrol reported earlier.

The company had said it will use the funds to double down on the two-wheeler local logistics service space as competition with Rapido, Uber and others heats up. At the same time, it will also grow its lead in services such as trucks.