Railways' passenger sector revenue increased by 92% | Business Upturn

Railways’ passenger sector revenue increased by 92%

From 1 April to 8 October, Indian Railways’ estimated total earnings on an originating basis totaled ₹33,476 crore, a 92% increase over the ₹17,394 crore earned during the same time of the previous fiscal year.

According to a statement from the Ministry of Railways, the Indian Railways registered a revenue gain of 92% in the passenger segment on Tuesday, with travel beginning from 1 April to 8 October.

According to a statement made public by the Ministry, Indian Railways’ approximate total revenues on an originating basis from 1 April to 8 October was Rs 33,476 crore, an increase of 92% from the same period of the previous fiscal’s period of Rs 17,394 crore.

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According to Indian Railways, the number of passengers booked during the time experienced a significant increase in the unreserved passenger segment of 197%, while growth in the reserved passenger segment was 24% year over year.

The approximate total number of passengers booked in the reserved passenger sector from 1 April to 8 October 2022 is 42.89 crore, up from 34.56 crore over the same time last year, a 24% increase.

According to data from the Railways Ministry, the revenue from the restricted passenger segment was Rs 26961 crores from 1 April to 8 October, up from Rs 16307 crores during the same period last year, a 65% rise.

According to the ministry, the approximate total number of passengers booked in the unreserved passenger category from 1 April to 8 October 2022 is 268.56 crore, up 197% from 90.57 crore during the same period last year.

When compared to the same period previous year, the revenue from the unreserved passenger category increased by 500%, from Rs. 1086 crores to Rs. 6515 crores, from 1 April to 8 October.