Home Porter’s Revenues and Losses Grow in FY23, Despite No Fundraising

Porter’s Revenues and Losses Grow in FY23, Despite No Fundraising

In FY23, Porter’s revenue more than doubled to Rs 1,753.8 crore, but losses grew to Rs 175 crore.
The company’s largest expenditure was vehicle running costs, which accounted for 80.4% of the overall cost.
Although Porter did not raise additional funds in FY23, it seems poised for continued growth thanks to strong goods transportation demand and a potential move into profitability.