Portea Reports Improved Losses in Home Healthcare Services

Portea, a provider of home healthcare services based in Bengaluru, has successfully reduced its losses during the fiscal year ending March 2025. This positive shift is attributed to consistent revenue growth coupled with managed expenses throughout the period.

Portea’s operational revenue increased by 15% to Rs 160 crore in FY25, up from Rs 139 crore in FY24, as reported in its consolidated financial documents obtained from the Registrar of Companies (RoC).

At-Home Healthcare Services

Portea offers a diverse range of at-home healthcare services, which includes nursing, physiotherapy, rental of medical equipment, attendant care, laboratory tests, consultations, and specialised care. The revenue generated from these services remained the primary source of income, contributing 59% to operating revenue, which elevated by 16% year-on-year to Rs 95 crore in FY25. Additionally, the income from product sales, which includes oxygen concentrators, BiPAP machines, and nebulisers, rose by 14% to Rs 56 crore in the same year.

Expense Management

Regarding expenses, the cost associated with employee benefits saw a decline of 4.5%, totalling Rs 52.5 crore in FY25. Consultancy expenses, however, increased by 7% to Rs 44 crore. The cost of materials surged by 21%, reaching Rs 52 crore, while advertising expenses rose by 25% to Rs 7.5 crore during the fiscal year. Other operational costs, such as legal and professional fees along with financial charges, accounted for over Rs 30 crore in total expenses. Overall, Portea maintained its total expenses steady at Rs 179 crore in FY25.

With revenue on the rise and expenses stabilised, Portea reduced its losses by 49%, bringing it down to Rs 19 crore in FY25 from Rs 37 crore in FY24. Its return on capital employed (ROCE) and EBITDA margins were recorded at -40.54% and -6.88%, respectively. On a unit level, Portea spent Rs 1.12 to generate a rupee in revenue, which is an improvement compared to Rs 1.29 in FY24. The company disclosed cash and bank assets of Rs 1 crore, with current assets amounting to Rs 68 crore as of March 2025.

Investment and Future Prospects

As reported by various sources, Portea has successfully secured approximately $123 million in funding to date, with Accel and Ventureast leading the investments. Notably, Portea received approval from SEBI in 2023 to initiate a Rs 1,000 crore initial public offering; however, the company has not progressed further with the listing plans.