For FY 2022-23, Railways reports record revenue of Rs. 2.40 trillion
RAILWAYS & METRO RAIL

For FY 2022-23, Railways reports record revenue of Rs. 2.40 trillion

For the fiscal year 2022-2023, Indian Railways reported record revenue of Rs 2.40 trillion. This is a 25% increase over the previous year that is more than Rs 490 billion. Freight income increased to Rs 1.62 trillion during this fiscal year, an increase of over 15% from the previous year. Passenger revenue for Indian Railways has increased by an all-time high 61% to reach Rs 633 billion. Indian Railways is able to cover all pension costs after three years. Revenue buoyancy and strict expense control have made it possible to achieve an operating ratio of 98.14%, which is well within the RE target. After paying for all revenue-related expenses, Railways generated Rs 32 billion from internal resources for capital investment.

Indian Railways generated Rs 633 billion in traffic income in 2022-23 as opposed to Rs 392.14 billion in 2021-22, a 61% increase from the previous fiscal year. Sundries revenue was Rs 84.40 billion during FY 22-23 as compared to Rs 60.67 billion in 2021-22, which is 39% higher than the previous year. Indian Railways received Rs 59.51 billion as other coaching revenue in 2022-23 as against Rs 48.99 billion during 2021-22, which is 21% greater than the last financial year. Gross revenue for 2022-23 was Rs 2,398 billion as against Rs 1,912.78 billion for 2021-22. Additionally, gross traffic receipts were Rs 2,397.50 billion as against Rs 1,912.06 billion in 2021-2022. In comparison to Rs 1,913.67 billion in 2021-2022, the total railway receipt in 2022-23 is Rs 2,398.92 billion.

In comparison to 2021-2022, total railway spending in 2022-23 was Rs 2,373.75 billion. In fiscal year 2022-23, the operating ratio is 98.14%. The network's capacity was increased with an investment of Rs 1 trillion. The biggest ever commissioning of new lines, doubling/multi-tracking, etc. occurred in FY23, totaling 5243 km. With an investment of Rs 66.57 billion, 6,565 km of track were electrified, helping the railways move closer to attaining their target of 100% electrification in the current fiscal year.

The railroads place the utmost importance on safety. Various safety projects received investments of Rs 118 billion under Rashtriya Rail Sanrakhsa Kosh in FY23. While acknowledging the necessity to replace old assets, the government has allocated Rs 100 billion, and the railways have also contributed Rs 18 billion from internal funds for the upgrade of depreciated assets. Tracks, bridges, grade separators, and other safety-related infrastructure were strengthened with a total cost of Rs 259.13 billion.

Rapid progress in these projects has been secured by the larger spending in DFC and the Mumbai- Ahmedabad bullet train project. Both NHRSCL and DFCCIL received funding in the amount of Rs 120 billion. Vande Bharat is being proliferated on the system. Purchase of wagons increased by 77.6% over the prior year to 22,747 wagons. For increased loading capacity and improved passenger comfort, modern rolling stock worth Rs 442.91 billion was purchased.

For the fiscal year 2022-2023, Indian Railways reported record revenue of Rs 2.40 trillion. This is a 25% increase over the previous year that is more than Rs 490 billion. Freight income increased to Rs 1.62 trillion during this fiscal year, an increase of over 15% from the previous year. Passenger revenue for Indian Railways has increased by an all-time high 61% to reach Rs 633 billion. Indian Railways is able to cover all pension costs after three years. Revenue buoyancy and strict expense control have made it possible to achieve an operating ratio of 98.14%, which is well within the RE target. After paying for all revenue-related expenses, Railways generated Rs 32 billion from internal resources for capital investment. Indian Railways generated Rs 633 billion in traffic income in 2022-23 as opposed to Rs 392.14 billion in 2021-22, a 61% increase from the previous fiscal year. Sundries revenue was Rs 84.40 billion during FY 22-23 as compared to Rs 60.67 billion in 2021-22, which is 39% higher than the previous year. Indian Railways received Rs 59.51 billion as other coaching revenue in 2022-23 as against Rs 48.99 billion during 2021-22, which is 21% greater than the last financial year. Gross revenue for 2022-23 was Rs 2,398 billion as against Rs 1,912.78 billion for 2021-22. Additionally, gross traffic receipts were Rs 2,397.50 billion as against Rs 1,912.06 billion in 2021-2022. In comparison to Rs 1,913.67 billion in 2021-2022, the total railway receipt in 2022-23 is Rs 2,398.92 billion. In comparison to 2021-2022, total railway spending in 2022-23 was Rs 2,373.75 billion. In fiscal year 2022-23, the operating ratio is 98.14%. The network's capacity was increased with an investment of Rs 1 trillion. The biggest ever commissioning of new lines, doubling/multi-tracking, etc. occurred in FY23, totaling 5243 km. With an investment of Rs 66.57 billion, 6,565 km of track were electrified, helping the railways move closer to attaining their target of 100% electrification in the current fiscal year. The railroads place the utmost importance on safety. Various safety projects received investments of Rs 118 billion under Rashtriya Rail Sanrakhsa Kosh in FY23. While acknowledging the necessity to replace old assets, the government has allocated Rs 100 billion, and the railways have also contributed Rs 18 billion from internal funds for the upgrade of depreciated assets. Tracks, bridges, grade separators, and other safety-related infrastructure were strengthened with a total cost of Rs 259.13 billion. Rapid progress in these projects has been secured by the larger spending in DFC and the Mumbai- Ahmedabad bullet train project. Both NHRSCL and DFCCIL received funding in the amount of Rs 120 billion. Vande Bharat is being proliferated on the system. Purchase of wagons increased by 77.6% over the prior year to 22,747 wagons. For increased loading capacity and improved passenger comfort, modern rolling stock worth Rs 442.91 billion was purchased.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code