In 2022-23, Bangalore Metro Rail Corporation Limited (BMRCL) earned Rs 594.02 crore while its operating expenses stood at Rs 486.61 crore. The scales were tilted by a robust non-fare revenue of Rs 171.41 crore, data reviewed by DH shows.
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In the financial year 2022-23, the Non-Fare Revenue earnings of Metro Railway have been Rs 36.33 crores which is about 86.80% higher than the earnings of Rs. 19.45 crores in 2021-22.
There are currently 16 operational rapid transit (Officially and popularly known as 'Metro') systems in fifteen cities across India, with Delhi Metro being the largest.
After experiencing enormous losses for the second consecutive year 2021-22 to the tune of 1,746 crore, the L&T Hyderabad Metro Rail Limited is witnessing a gradual increase in footfall.
“Metro aims for leading market position in wholesale. Due to the increasing market consolidation, accelerated digitalisation and intense competition, Metro India operations would not fit Metro's core growth strategy in the future.
Hong Kong's MTR Corporation runs the most valuable metro railway in the world. In 2017 it banked US$2.2 billion (HK$17 billion) profit, more than enough to buy seven Boeing 777 jets.
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.
Officials said the MMRDA had suffered losses of ?255 crore in 2022-23. The earnings from monorail operations in 2022-23, have been mere ?7.50 crore per annum though they expect it to touch ?13.64 crore in 2023-24 while expenditure is pegged at ?542 crore that includes the procurement of 10 new rakes.