Results · Healthcare & Life Sciences
Portea narrows FY25 loss to Rs 19 Cr on revenue growth
By Startup Enthusiast ·
- Date
- Company
- Portea
- What it does
- Home healthcare services provider
- Kind
- Results
- Based in
- Bengaluru
What they do
Portea provides home healthcare services in India
What happened
FY25 revenue rose 15% to Rs 160 Cr while the net loss shrank by 49% to Rs 19 Cr
Why it matters
The company has raised $123 Mn but has not taken further steps toward its approved IPO
The details
- Portea reported a Rs 19 Cr net loss for fiscal year 2025.
- This represents a significant 49% improvement compared to the Rs 37 Cr loss in FY24.
- Total revenue increased by 15% year-on-year to reach Rs 160 Cr.
- Service revenue grew by 16% to contribute Rs 95 Cr to operating income.
- Product sales revenue rose by 14% to account for Rs 56 Cr.
- Employee benefit costs decreased slightly by 4.5% to Rs 52.5 Cr.
- Consultancy expenses increased by 7% totaling Rs 44 Cr.
- Cost of materials jumped by 21% to reach Rs 52 Cr.
The bigger picture
- The company maintains an approved Rs 1,000 Cr IPO authorization from SEBI since 2023.
- No further listing steps have been initiated despite the regulatory approval.
- Portea has accumulated approximately $123 Mn in total funding from investors.
- Accel and Ventureast are lead investors in the company's history.
About the business
- Portea operates as a Bengaluru-based home healthcare services provider.
- Service revenue constitutes 59% of the company's total operating income.
- Product sales make up the remaining portion of the revenue mix.
- Advertisement expenses rose by 25% to Rs 7.5 Cr in FY25.
- Total expenses remained flat at Rs 179 Cr despite revenue growth.
- The company holds Rs 68 Cr in current assets as of March 2025.
- Cash and bank balances stood at just Rs 1 Cr during the period.
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