KMRL reports operational profit for FY24
RAILWAYS & METRO RAIL

KMRL reports operational profit for FY24

Kochi Metro Rail Limited (KMRL) reported a profit for the financial year 2023-24. According to KMRL's annual report for FY24, the operational revenue was Rs 1.51 billion, while operational expenses stood at Rs 2.05 billion. However, KMRL clarified that Rs 603 million spent on the non-motorised transport (NMT) project should be excluded from the expenses, reducing the actual operational expense to Rs 1.45 billion.

Additionally, KMRL highlighted that the total revenue was Rs 1.68 billion, including an extra Rs 169.3 million from consultancy income and interest. As a result, KMRL achieved an operational profit of Rs 229.4 million for FY24.

Kochi Metro Rail Limited (KMRL) reported a profit for the financial year 2023-24. According to KMRL's annual report for FY24, the operational revenue was Rs 1.51 billion, while operational expenses stood at Rs 2.05 billion. However, KMRL clarified that Rs 603 million spent on the non-motorised transport (NMT) project should be excluded from the expenses, reducing the actual operational expense to Rs 1.45 billion. Additionally, KMRL highlighted that the total revenue was Rs 1.68 billion, including an extra Rs 169.3 million from consultancy income and interest. As a result, KMRL achieved an operational profit of Rs 229.4 million for FY24.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?