Porter, a Bengaluru-based on-demand logistics aggregator, reported a 57% rise in operating revenue to 4,306 crore rupee (US$518.7 million) for FY25 and posted a net profit of 55 crore rupee (US$6.63 million), according to filings with the Registrar of Companies.

This marks a turnaround from a net loss of 96 crore rupee (US$11.6 million) in FY24.

The company, which operates in over 25 cities, mainly serves micro, small, and medium enterprises, with some B2C services.

Porter’s expenses rose 50% to 4,286 crore rupee (US$516 million), while fleet operator costs increased 55% to 3,679 crore rupee (US$443 million), and staff costs rose 20% to 285 crore rupee (US$34 million).

Operating profit (Ebitda) reached 48 crore rupee (US$5.8 million), reversing an operating loss of 112 crore rupee (US$13.5 million) the previous year, supported by 35 crore rupee (US$4.2 million) in non-operating income.

Porter recently raised US$200 million as part of a US$300 million round led by Kedaara and Wellington Management, valuing the company at US$1.2 billion.

The company faces growing competition from firms like Uber, Rapido, Borzo, and Delhivery.

🔗 Source: The Economic Times

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