Railway revenue rises 6.1% in November 2016

Railway revenue declines 2.7% in April-November 2016

The Indian Railway (IR) has recorded 6.1% growth in its revenues to Rs 13953.85 crore in November 2016 over November 2015, while snapping 4.1% decline to Rs 13146.91 crore in November 2015. The passenger earnings surged 11.3% to Rs 3887.50 crore in November 2016, against 10.3% growth recorded in November 2015. The earnings from freight traffic, accounting for 65.5% of the total revenue rose 1.1% to Rs 9137.62 crore in November 2016, after consistent decline for last 12 straight months. The other coaching revenue dipped 17.8% to Rs 333.09 crore, while the revenue from sundry activities zoomed 179.2% to Rs 595.64 crore in November 2016.

In April-November FY2017, the revenue earnings of IR declined 2.7% to Rs 104834.55 crore, while snapping 7.3% surge recorded in April-November FY2016. Further, the IR revenues have been below the budget target of Rs 117731.23 crore for the above mentioned period.

The goods revenue dipped 7.3% to Rs 66953.90 crore, while the passenger revenue rose at moderated pace of 4.4% to Rs 31492.70 crore in April-November FY2017. The other coaching revenue increased 2.4% to Rs 2956.49 crore, while the sundry earnings surged 44.5% to Rs 3431.46 crore in April-November FY2017.

The passenger traffic of IR increased 7.0% to 709.66 million in November 2016. Passenger traffic rose 1.0% to 5507.62 million in April-November FY2017. The passenger traffic is marginally higher than the budget estimate of 5472.07 million for April-November FY2017.

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