Indian Railways Shocks Everyone With Rs 400 Crore/Day Revenues! Reports 38% Surge In Revenues At Rs 95,486.58 Crore

The Indian Railways has clocked an overall revenue of Rs. 95,486.58 crore, which is a huge jump of 38% as compared to last year. 

Indian Railways Shocks Everyone With Rs 400 Crore/Day Revenues! Reports 38% Surge In Revenues At Rs 95,486.58 Crore

The total revenue of the Indian Railways during the entire last fiscal (2021-22) was ?1,91,278.29 crore.

Indian Railways’ Overall Revenue Jumps 38%

The overall revenue of Indian Railways at the end of August 2022 was Rs. 95,486.58 crore, up 26.271.29 crore or 38% from the same period last year, according to an official statement issued on Sunday.

The revenue from passenger traffic was 25,276.54 crore, a 13574.44 crore (116%) increase year on year.

Passenger traffic increased in both reserved and unreserved segments compared to last year. The growth in long-distance reserved mail express trains has been faster than in passenger and suburban trains, according to the Railways.

The other coaching revenue has been clocked at 2,437.42 crore, an increase of 811.82 crores (50%) over the same period last year. This has acted as a catalyst for this huge improvement in Indian Railways’ parcel segment, according to the statement.

As per reports, Goods revenue increased by 10,780.03 crore (or 20%) to 65,505.02 crore by the end of August this year.

58 MT and 18% NTKMs Increased

This was accomplished by increasing loading by more than 58 MT and increasing net tonne-kilometers (NTKMs) by 18% during the period. Food grains, fertiliser, cement, mineral oil, container traffic, coal transportation, and other goods segments have all contributed significantly to this growth.

The sundry revenue was ?2,267.60 crore, showing an increase of ?1105 crore or 95 per cent over the corresponding period of last year, it added.

In February, we reported that Indian Railway Catering and Tourism Corporation reported strong earnings numbers for the December ending quarter on Tuesday, led by contribution from all the segments.

The ticketing major’s net profit jumped a whopping 168% on a YoY basis, and 32% sequentially to Rs 209 crore for the quarter-ending Dec 2021, and its revenue from operations surged 141% YoY and 33.4% sequentially to Rs 540 crore in the quarter.

The net profit surge is led by the company’s low base in the year-ago period and strong contribution from all segments.

The company’s EBITDA rallied 195% to Rs 279.2 crore in Q3 FY22, compared to Rs 94.65 crore in the year-ago period.

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