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.