NEW DELHI, Sept. 23 -- Smartshift Logistics Solutions Pvt. Ltd, which operates under the brand name Porter, reported a 56% jump in revenue to Rs.4,339 crore in FY25, up from Rs.2,784 crore a year earlier. The Bengaluru-based on-demand logistics aggregator also turned profitable, posting a net profit of Rs.131 crore compared with a loss of Rs.46 crore in FY24.

Total expenses came in at Rs.4,208 crore, while standalone operational expenses rose to Rs.3,660.38 crore in FY25 from Rs.2,368.96 crore in the previous year.

Porter is in the middle of one of the year's largest fundraises, having already secured $200 million from investors such as Kedaara Capital and Wellington Management. The round values the company at about $1.2 billion and rem...