Is Kerala Metro in profit or loss?
Is Kerala Metro in profit or loss? Kerala's Kochi Metro has achieved an operating profit for the first time since it began services six years ago. With record-breaking passenger traffic, the Metro saw a 145 percent increase in revenue in the 2022-23 fiscal year compared to the previous year.
Is Metro brand profitable?
METRO BRANDS Income Statement Analysis Operating income during the year rose 67.9% on a year-on-year (YoY) basis. The company's operating profit increased by 136.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 30.5% in FY22 as against 21.6% in FY21.
Is Kochi Metro in profit?
Kerala's Kochi Metro has achieved an operating profit for the first time since it began services six years ago. With record-breaking passenger traffic, the Metro saw a 145 percent increase in revenue in the 2022-23 fiscal year compared to the previous year.
Which Metros in India are in profit?
Kochi Metro has achieved its first-ever operating profit after six years of operation, with a remarkable 145 per cent increase in revenue in the 2022-23 fiscal year. Kerala's Kochi Metro has achieved an operating profit for the first time since it began services six years ago.
What are the advantages of Kochi Water Metro?
Advantages of the Kochi Water Metro Project: Drastically reduce the road traffic by diverting the passengers to water transport. In turn, it would assist in reducing the road congestion on the roads. Reduction in the atmospheric pollution from land vehicles and carbon footprint of Kochi City.
Which is the first city in India to have a water metro project?
Kochi, Kerala has become India's first city to have a Water Metro Project after the launch of its first boat in December 2021, namely 'Muziris,' among the 23 battery-powered electric boats being manufactured by Cochin Shipyard Limited.
Which city has the only metro system in Kerala?
Kochi Metro is a mass rapid transit system in the city of Kochi (formerly known as Cochin). Currently, only one phase is operational, while two more are in the planning stage. Over 1 lakh people travel on this metro line every day that operates at a frequency of 8 minutes.
What are the future plans for Kochi Water Metro?
Once fully operational in 2035, the Kochi Water Metro will connect 10 island communities with Kochi's mainland through 78 battery-operated electric hybrid boats, 15 strategic routes, and 38 modern terminals.
What is the profit of Kerala Metro?
KMRL's revenue has increased from Rs 54.32 crore in 2020-21 to Rs 134.04 crore in 2022-23. The operating profit for the current year is Rs 5.35 crore. It is calculated on the basis of the revenue received and the expenses incurred for day-to-day operations.
What is the budget of Kochi Water Metro?
Funding. The total cost of the Water Metro project is ?1,137 crore (US$140 million).