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.
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