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Porter Turns Profitable on 58% FY25 Revenue Surge

The logistics unicorn is seeking an extra $100–110 million ahead of a planned listing within 12–15 months.

Overview

  • Revenue from operations rose to INR 4,306.2 crore in FY25, up roughly 57–58% year over year.
  • Reported profitability varies by basis, with a consolidated net profit of INR 55.2 crore and separate reporting citing INR 131 crore.
  • EBITDA swung to a INR 83.6 crore profit with a 1.94% margin, reversing an EBITDA loss in FY24.
  • Total expenses increased 50% to INR 4,286.3 crore, led by fleet operator costs of INR 3,679 crore, while finance costs climbed to INR 12.8 crore.
  • Porter operates a revenue‑sharing marketplace with partner drivers, takes up to a 30% commission, and faces potential margin pressure if GST on its services rises as reported.