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

18 Apr 2023 CW Team

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.