 "Freight a milch cow for Rlys, revenue is all tanked up")
The railway budget this year did not touch the freight charges,but it had quite the opposite effect as far as the revenue is concerned. Goods revenue for Indian Railways has grown 12.6 percent in Q1 2011 compared to the June quarter of 2010.
[caption id=“attachment_43789” align=“alignleft” width=“380” caption=“Total earnings for the Railways stood at Rs 24,756.18 crore compared to Rs 22,074.92 crore during the same period last year, registering an increase of 12.15 percent. Amit Dave/Reuters”]
[/caption]
The total goods earnings have swelled to Rs 1,6812 crore after first three months of the financial calendar from Rs 1,4,929 crore over the same period last year. Rising diesel prices have led to a shift of traffic from roads to rail. Slowdown in truck sales due to high interest costs and diesel prices will continue to benefit the Railways in the short run.
Total earnings for the Railways stood at Rs 24,756.18 crore compared to Rs 22,074.92 crore during the same period last year, registering an increase of 12.15 percent. The total passenger revenue is up 10.5 percent at Rs 6,841 crore while revenue earnings from other coaching amounted to Rs 694.63 crore, a growth of 11% from the corresponding period of the last year.
The total approximate number of passengers booked during April-June 2011 was 2039.82 million, up 5.31 percent on a year on year basis. In the suburban and non-suburban sectors, the number of passengers booked was 1008.09 million and 1031.73 million, showing a rise of 4.46 percent and 6.15 percent, respectively, on a y-o-y basis.