What is the Revenue of Porter in 2024?
Porter's revenue for Fiscal Year 2024 (FY24) was Rs 2,733.8 crore.
This figure represents a substantial 56% increase in revenue for the logistics company. Porter has shown consistent growth, building on a doubling of its revenue in the previous fiscal year, FY23, where it stood at Rs 1,753.8 crore.
Porter's Financial Performance Overview
The company's financial results for FY24 not only highlight significant revenue growth but also improved financial efficiency. Porter successfully narrowed its losses by 45% during the fiscal year, reducing them from Rs 174.6 crore in FY23 to Rs 95.7 crore in FY24. This indicates a positive trajectory towards profitability.
For a clearer breakdown of Porter's recent financial performance, refer to the table below:
Metric | Fiscal Year 2023 (FY23) | Fiscal Year 2024 (FY24) | Growth/Change (YoY) |
---|---|---|---|
Revenue | Rs 1,753.8 crore | Rs 2,733.8 crore | 56% increase |
Losses | Rs 174.6 crore | Rs 95.7 crore | 45% decrease |
The Fiscal Year 2024 (FY24) typically covers the period from April 1, 2023, to March 31, 2024, aligning with the calendar year context for "2024" revenue.