Results · Mobility & Logistics

Porter posts ₹229 crore net profit in FY26

By Startup Enthusiast · 11 August 2026

What they do

Porter provides on-demand goods transport via trucks and two-wheelers in 35 Indian cities

FY26 net profit jumped 314% to ₹229 crore on operating revenue of ₹6,650 crore, up 54%

The company turned profitable after entering the unicorn club in May 2025 with a $200 million round

Porter reported a net profit of ₹229 crore for FY26, a 314% jump from ₹55.3 crore in FY25.
Operating revenue rose 54% to ₹6,650 crore from ₹4,306 crore in the previous year.
Total revenue including other income of ₹48.4 crore stood at ₹6,698 crore.
Core goods transportation revenue was ₹6,644 crore, while platform fees contributed ₹5.2 crore.
Total expenses grew 52% to ₹6,505.4 crore, driven by fleet operator costs of ₹5,849.2 crore (up 59%).
Employee benefit expenses rose 13.6% to ₹324 crore, and advertising spend increased 28% to ₹102.4 crore.
The company entered the unicorn club in May 2025 after a $200 million round led by Kedaara Capital and Wellington Management at a valuation of $1.1-1.2 billion.

Porter's profit surge shows that intracity logistics platforms can achieve scale and profitability in India.
The company's revenue growth outpaced expense growth, indicating improving unit economics.
Fleet operator costs remain the largest expense, accounting for 90% of total costs.
The results come less than two years after Porter became a unicorn, validating its business model.

Porter offers on-demand goods transport via trucks and two-wheelers for both B2C and B2B customers.
Its services include Porter Enterprise for bulk logistics, Porter Packers & Movers, and intercity courier.
The company operates on a revenue-sharing model, charging up to 30% of the billed amount and passing the rest to driver partners.
Most of its business comes from MSMEs such as local furniture stores, hardware shops, ceramic and paint dealers, and small city manufacturers.
It serves over 30 lakh customers monthly, including 20 lakh MSMEs and 3 lakh driver-partners.
Porter operates across 35 cities in India and claims 10 crore+ trips completed.
Its website also mentions operations in 3 countries and 15 lakh+ driver partners.

Product: An on-demand logistics platform offering mini-trucks, bikes, and packers & movers services.
Customers: SMEs, enterprises, and individual consumers needing intra-city goods transportation.
How it makes money: Commission-based model charging a fee per delivery transaction completed on the platform.
What sets it apart: An asset-light, technology-driven marketplace matching gig-worker drivers with delivery demand in real time.
Operations: Operates in over 20+ cities across India, serving millions of customers with a fleet of partner drivers.