New Delhi: Witnessing a 25 percent growth in its revenue, the Indian Railways has registered record revenue of Rs 2.40 lakh crores for financial year 2022-23, the Railway Ministry said on Monday. “This is nearly Rs 49,000 crores more than the previous year. During the financial year 2022-23, freight revenue too has leapfrogged to Rs 1.62 lakh crores, a growth of nearly 15 percent registered during previous year,” the Ministry said.
"Indian Railways’ passenger revenues have registered an all-time high growth of 61 percent to reach Rs 63,300 crores. After three years, Indian Railways is able to fully meet the pension expenditures," the Ministry said. “Buoyancy in revenues and tight expenditure management have helped in achieving an Operating Ratio of 98.14 percent, well within the revised estimate target. After meeting all revenue expenditure, Railways generated Rs 3200 Crores for capital investment from its internal resources,” the Ministry said.
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 percent higher than the last financial year. Indian Railways earned Rs 5951 crore as other coaching revenue in 2022-23 as compared to Rs 4899 crore during 2021-22 which is 21 percent higher than the last financial year, Sundries revenue stood at Rs 8,440 crore during FY 22-23 as compared to Rs 6067 crore in 2021-22 which is 39 percent higher than the last year.
During 2022-23, Gross revenue stood at Rs 2,39,803 crore compared to Rs 1,91,278 Cr in 2021-22. Also, gross traffic receipts stood at Rs 2,39,750 crore as compared to Rs 1,91,206 crore in 2021-22. Total Railway receipts during 22-23 is Rs 2,39,892 crore as compared to Rs 1,91,367 crore in 2021-22. Total Railway expenditure during 22-23 is Rs 2,37,375 crore as compared to Rs 2,06,391 crore in 2021-22.
In terms of capital expenditure, the capital invested was Rs 1,09,004 crore during FY 22-23 as compared to Rs 81,664 crore in 21-22. Under the Railway safety fund, Rs 30,001 crore was spent during 22-23 as compared to Rs 11,105 crore during 2021-22. Rs 10,239 crore was invested from funds raised through Sovereign Green Bonds for the first time in 22-23. An investment of Rs 11,797 crore under Rashtriya Rail Sanraksha Kosh was made during FY23 for various safety works.
“During 2022-23, Total GBS was Rs 1,59,244 crore as compared to Rs 1,17,507 crore during 21-22. Total capex was Rs 2,03,983 crore as compared to Rs 1,90,267 crore in 2021-22,” the Railway Ministry said.
