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Porter Turns Profitable in FY25 as Revenue Hits Rs 4,306 Crore

Margin gains alongside slower cost growth delivered the company’s first profitable year.

Overview

  • The company reported a consolidated net profit of Rs 55.2 crore for FY25 versus a prior-year loss, with some outlets also citing a higher standalone profit of Rs 131 crore.
  • Revenue from operations rose about 57% to Rs 4,306 crore as total expenditure increased 50% to Rs 4,286.3 crore.
  • EBITDA improved to Rs 83.6 crore with a 1.94% margin, reversing an EBITDA loss and negative margin in FY24.
  • After raising $200 million in May’s Series F, Porter is in advanced talks to add $100–110 million and is preparing for an IPO within roughly 12–15 months.
  • Porter runs a revenue-sharing model with partner drivers, taking up to 30% of the billed amount, and a proposed GST hike to 18% is flagged as a potential margin headwind.