Bengaluru-based on-demand logistics platform Porter recorded a 54% increase in operating revenue to Rs 6,649 crore in fiscal year 2026, marking its fifth consecutive year of growth above 50%.
The company also posted a nearly four-fold increase in net profit to Rs 229 crore for the year ended March 31, according to regulatory filings with the Registrar of Companies. FY26 marked Porter’s second consecutive profitable year.
Porter’s bottomline benefited from a Rs 32-crore deferred tax benefit. However, the company remained profitable before tax as well, with improved operating leverage during the year helping strengthen its margins.
The company’s earnings before interest, taxes, depreciation and amortisation (Ebitda) more than tripled to Rs 159 crore in FY26, compared with Rs 48 crore in FY25.
Porter’s largest expense, fleet operator costs, increased 58% to Rs 5,849 crore during FY26. The rise came as the logistics company continued expanding its operations and geographical footprint.
Backed by investors including Kedaara Capital and Wellington Management, Porter has developed a full-stack, multi-category logistics platform. Its single app brings together services including last-mile delivery, parcel movement and intercity relocations.
The company primarily caters to micro, small and medium enterprises (MSMEs). It also generates a smaller share of revenue from business-to-consumer (B2C) services, including movers and packers and peer-to-peer parcel delivery.
Porter has continued to expand its presence across India and currently operates in more than 50 cities. Its expansion, however, comes amid intensifying competition across several segments of the logistics market.
Over the past 15-18 months, Porter has faced competition from both new entrants targeting its core business and established players moving into adjacent segments.
Uber, for instance, has entered the on-demand aggregation market for larger vehicles used for goods transportation.
Porter also competes with Uber, Rapido, Borzo and new-age logistics company Delhivery in two-wheeler parcel delivery. Delhivery launched its hyperlocal courier service, Delhivery Direct, last year.
Despite the competitive environment, Porter has continued to scale its operations while improving profitability. The company’s FY26 performance reflects both sustained revenue expansion and stronger operating leverage, with Ebitda rising significantly during the year.
Porter raised a $300-million funding round in 2025 at a valuation of $1.2 billion. The financing also resulted in Peak XV Partners, one of the company’s early backers, exiting its investment.
With revenue growth remaining above 50% for five consecutive years, Porter has continued to expand its multi-category logistics platform while maintaining profitability for the second straight fiscal year. The company’s ability to scale across more than 50 cities while navigating growing competition will remain central to its next phase of growth.
