Indian Railways reports 25% yoy revenue growth at Rs2.4 lakh crore in FY23

The Indian Railways has registered record revenue of Rs. 2.40 lakh crore for FY23, which is nearly Rs 49,000 crore more than the previous year, reflecting 25% growth, according to the statement.

Indian Railways’ passenger revenues have registered an all-time high growth of 61% to reach Rs 63,300 crore, as per the official statement by the Ministry of Railways.

"After three years, Indian Railways is able to fully meet the pension expenditures. Buoyancy in revenues and tight expenditure management have helped in achieving an Operating Ratio of 98.14%, well within the RE target. After meeting all revenue expenditure, Railways generated Rs 3200 crore for Capital investment from its internal resources (Rs 700 crore for DRF, Rs 1000 crore for DF, and Rs 1516.72 crore for RRSK)," Ministry said.

In addition to this, in terms of Traffic revenue, Indian Railways earned Rs 63,300 crore as passenger revenue in 2022-23 as compared to Rs 39,214 crore in 2021-22 which is 61% higher than the last financial year. 

Also, Indian Railways saw highest ever commissioning of new lines and Doubling/Multi-tracking, etc of 5243 KMs in FY23.

Total investment of Rs 25,913 crore was made towards safety in strengthening Tracks, Bridges, Grade separators etc., the Ministry of Railways mentioned in an official statement of Monday.
 

Source: Media reports