Indian Railways' revenues in FY 23 at Rs 2.4 lakh crore

18 Apr 2023 , 09:37 AM

Indian Railways (IR) said on Monday that its fiscal year 2022–2023 (FY23) revenues increased by 25% to Rs 2.40 lakh crore.

According to a statement from the Ministry of railways, this increased revenue is around Rs 49,000 crore higher than the previous year.

Freight income increased significantly during the fiscal year 2022–2023, climbing to Rs1.62 lakh crore, or approximately 15% more than the previous year.

The announcement claims that Indian Railways’ passenger income has increased by a record-breaking 61% to reach Rs63,300 crore.

Three years later, IR is able to cover all of the pension costs. Achieving an operating ratio of 98.14%, well within the Revised Estimates (RE) objective, was made possible by buoyant revenue growth and strict expenditure control.

After paying for all revenue-related expenses, Railways earned Rs3,200 crore from internal resources for capital investment, of which about Rs 700 crore went to the Depreciation Reserve Fund (DRF), Rs1,000 crore went to the Development Fund (DF), and Rs1,516.72 crore went to Rashtriya Rail SanrakshaKosh (RRSK).

In 2022–23, Railways made Rs5,951 crore in revenue from other coaching, up from Rs4,899 crore in 2021–22. This represents a 21% increase from the prior fiscal year.

In FY23, income from sundries increased by 39% to Rs8,440 crore from Rs6,067 crore in FY21–22. Compared to 2021–2022, gross revenue was Rs2,39,803 crore, up from Rs1,91,278 crore. 

Total railway revenues were Rs2,39,892 crore in FY23 as opposed to Rs1,91,367 crore in FY21–2022. In comparison to 2021–2022, total railway spending is expected to reach Rs 2,37,375 crore in 2022–2031. Operating ratio for FY22-23 is 98.14%, according to the ministry release.

During FY23, the capital was invested totalling Rs1,09,004 crore, compared to Rs81,664 crore in FY21–20. According to the document, Rs30,001 crore under the Railway Safety Fund was spent in 2022–23 as opposed to Rs11,105 crore in 2021–22.

For feedback and suggestions, write to us at [e-mail]