Porter Turns Profitable in FY25 as Revenue Jumps 57%

Bengaluru-based logistics aggregator Porter reported operating revenue of ₹4,306 crore in FY25, up 57% from the previous year, as per the news reports.

Porter posted a net profit of ₹55 crore in FY25, compared to a net loss of ₹96 crore in FY24. Operating earnings also improved, with EBITDA  at ₹48 crore against a loss of ₹112 crore a year earlier. Non-operating income of ₹35 crore supported the bottom line.

Expense Breakdown

Total expenses rose 50% year-on-year to ₹4,286 crore. Fleet operator costs, the largest component, increased 55% to ₹3,679 crore. Staff expenses grew 20% to ₹285 crore. Expense growth was slower than the revenue increase, helping the company move into profit.

Business Model and Operations

The company operates as a multi-category logistics platform, offering last-mile delivery, parcel transport, and intercity relocation through a single app. Porter primarily serves micro, small and medium enterprises (MSMEs), while consumer services such as movers and packers and parcel delivery form a smaller part of its business. The firm has expanded to more than 25 cities across India.

Funding and Valuation

As per the news reports, in May 2025, Porter raised $200 million as part of an ongoing $300 million funding round led by Kedaara and Wellington Management. This valued the company at $1.2 billion. The round is also seeing participation from public market investors, indicating long-term capital plans.

Market Competition

Porter continues to face competition from established and emerging players. Uber recently entered the segment for larger vehicles used in goods transport. In two-wheeler parcel delivery, Porter competes with Uber, Rapido, Borzo, Delhivery and regional operators.

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Conclusion

Porter recorded strong revenue growth in FY25 and moved into profitability while expanding operations. The company also progressed on its funding plans, positioning itself for the next phase of growth.

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