Is Bangalore Metro a profit or loss?
Is Bangalore Metro a profit or loss? For the first time since it began operations in 2011, the Bengaluru metro has achieved profit after interest. In 2022-23, Bangalore Metro Rail Corporation Limited (BMRCL) earned Rs 594.02 crore while its operating expenses stood at Rs 486.61 crore.
Is Metro brand profitable?
METRO BRANDS Income Statement Analysis Operating income during the year rose 67.9% on a year-on-year (YoY) basis. The company's operating profit increased by 136.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 30.5% in FY22 as against 21.6% in FY21.
Is Delhi Metro losing or profit?
The Ministry of Housing and Urban Affairs also informed the Rajya Sabha earlier this month that all the operational Metro rail networks in the country are currently running in losses. The DMRC's annual report of 2021-2022 also reported a net loss of Rs 3808.63 crore.
Is Mumbai Metro running in profit?
Officials said the MMRDA had suffered losses of ?255 crore in 2022-23. The earnings from monorail operations in 2022-23, have been mere ?7.50 crore per annum though they expect it to touch ?13.64 crore in 2023-24 while expenditure is pegged at ?542 crore that includes the procurement of 10 new rakes.
What is the most profitable metro in the world?
Hong Kong's MTR Corporation runs the most valuable metro railway in the world. In 2017 it banked US$2.2 billion (HK$17 billion) profit, more than enough to buy seven Boeing 777 jets.