Overall revenue rises 9% in April-September 2015
The Indian Railway (IR) has posted 4.3% rise in revenues to Rs 12259.13 crore in September 2015 over September 2014, while snapping only decline in revenues of 2.3% recorded in August 2015 since we have data for last ten years. However, the revenue earnings continued to be below budget estimate of Rs 13812.14 crore for September 2015.The passenger earnings improved 7.9% to Rs 3622.25 crore, while the earnings from other coaching moved up 8.7% to Rs 344.01 crore in September 2015. The goods revenue, accounting for 64.9% of the total revenue, rose at subdued pace of 3.3% to Rs 7958.26 crore. The revenue from sundry activities dipped 11% to Rs 334.61 crore in September 2015.
In April-September 2015, the revenue earnings of IR has increased 9% to Rs 78950.65 crore driven by 10% rise in goods revenue to Rs 52541.85 crore. The passenger revenue moved up 8.5% to Rs 22479.2 crore, while other coaching increased 5.1% to Rs 2058.39 crore. However, the sundry earnings dipped 6.9% to Rs 1871.21 crore in April-September 2015.
Ordinary working expenses
The ordinary working expenses of IR dipped 9.9% to Rs 11808.4 crore in September 2015 over September 2015, while it were below budgeted level of Rs 12491.04 crore. The ordinary working expenses of IR stood at Rs 59419.23 crore in April-September 2015, up 0.4% over April-September 2014.
The operating ratio of IR, expenses as percentage of revenue, stood at 97.81% in April-September 2015, which is much above the budget target of 88.5% for 2015-16.
Powered by Capital Market - Live News