Revenues decline 0.5% in FY2017, remains below budget estimate
The Indian Railway (IR) has posted healthy 8.7% growth in its revenues to Rs 15884.58 crore in March 2017 over March 2016. The IR revenues had declined 5.3% to Rs 14607.85 crore in March 2016. The passenger earnings increased 10.1% to Rs 4205.29 crore in March 2017, against 10.3% growth recorded in March 2016. The revenues from freight traffic, accounting for 64.7% of the total revenue, improved 4.1% to Rs 10273.20 crore in March 2017. The other coaching revenue declined 2.5% to Rs 382.01 crore, but the revenue from sundry activities zoomed 94.1% to Rs 1024.08 crore in March 2017.In April-March FY2017, the revenue earnings of IR declined 0.5% to Rs 164119.32 crore, while snapping 4.6% growth recorded in April-March FY2016. Further, the IR revenues have been below the budget target of Rs 169268.07 crore for FY2017. The goods revenue dipped 4.6% to Rs 105562.17 crore, while the passenger revenue rose at moderated pace of 4.6% to Rs 47449.75 crore. The other coaching revenue declined 2.1% to Rs 4391.09 crore, while the sundry earnings surged 51.3% to Rs 6716.31 crore in April-March FY2017.
Passenger traffic
The passenger traffic of IR moved up 2.3% to 694.66 million in March 2017. Passenger traffic rose 0.8% to 8219.38 million in April-March FY2017. The passenger traffic is above the budget estimate of 8182 million for April-March FY2017.
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