Indian Railways’ passenger revenue has registered an all-time high growth of 61% to reach Rs 63,300 crore.
Indian Railways has registered a record revenue of Rs 2.40 lakh crore in fiscal 2023, up by nearly Rs 49,000 crore from the previous year, according to a ministry statement on Monday.
In FY23, the freight revenue rose to Rs 1.62 lakh crore, a growth of nearly 15% from the previous year.
Indian Railways’ passenger revenue has registered an all-time high growth of 61% to reach Rs 63,300 crore.
“After three years, Indian Railways is able to fully meet the pension expenditures. Buoyancy in revenues and tight expenditure management have helped in achieving an operating ratio of 98.14%, well within the RE target. After meeting all revenue expenditure, railways generated Rs 3,200 crore for capital investment from its internal resources,” it said.
The railways has over the years approached the Finance Ministry to bear parts of its pension burden.
The statement further said that in terms of traffic revenue, the railways earned Rs 63,300 crore in FY23 as compared to Rs 39,214 crore in FY22.
The railways earned Rs 5,951 crore as other coaching revenue in FY23 as compared to Rs 4,899 crore during FY22.
Sundries revenue stood at Rs 8,440 crore during FY23 as compared with Rs 6,067 crore in FY22.
During FY23, the gross revenue stood at Rs 2,39,803 crore as compared to Rs 1,91,278 crore in FY22.
Also, gross traffic receipts stood at Rs 2,39,750 crore as compared with Rs 1,91,206 crore in FY22.
The total railway receipts in 2022-23 was Rs 2,39,892 crore as compared with Rs 1,91,367 crore in the previous year.
According to the statement, the total railway expenditure in FY23 was Rs 2,37,375 crore as compared with Rs 2,06,391 crore in FY22. The operating ratio in FY23 was 98.14%
In terms of capital expenditure, the capital invested was Rs 1,09,004 crore during FY23 as compared to Rs 81,664 crore in FY22. Under the railway safety fund, Rs 30,001 crore was spent during FY23 as compared with Rs 11,105 crore during FY22.
Source: BQ Prime
