Profit statements

Indian Railways: Indian Railways made a huge profit, revenue increased by 116% with an increase in passenger services. Indian Railways revenue till end of August this year increased by 38% Pipa News

Indian Railways: Indian Railways made a huge profit, revenue increased by 116% with an increase in passenger services. Indian Railways revenue till the end of August this year has increased by 38%.

During the Covid-19 pandemic, the railway wheels came to a standstill. Indian Railways suffered huge losses. A number of measures have been taken as well as train ticket concessions for the elderly to stem the rush on rail fares. Indian Railways made a profit this time. The overall revenue of Indian Railways has been increasing till the end of August this year. Suddenly, it increased by 38%. According to a statement from the Indian Railway Authority, the total revenue of the railways increased by 95 thousand 486 crores.

Compared to last year’s revenue, this year’s revenue increased by Tk 26,000,271 crore. According to this statement, till August 2022, Indian Railways has earned Rs 25,000 276 crores from passengers. Compared to last year, railway revenue from passengers increased by Tk 13 thousand 574 crore. This time, revenue increased by 116%. Indian Railways said passenger revenue in the reserved and non-reserved segments increased from a year ago. Meanwhile, according to sources from the PTI news agency, railway revenues have increased thanks to long-distance express trains compared to local trains.

However, the calculation shows that the strongest revenue growth was observed in freight transport. This year, the revenue of the railways increased by 10 thousand 780 crores. Compared to last year, this year revenues increased by 20%. Over the past year, Indian Railways has earned about Rs 65,000 505 crore in terms of cargo transportation. Along with coal, the transport of several other commodities, including food grains, mineral oil, fertilizers and cement, has increased. This is why it is reported that more money has come to the railway cell in this sector. In other words, Indian Railways is gradually recovering from the loss it suffered during the Corona period.

.