Bengaluru: Namma Metro turns profitable, earns Rs 450 crores between April and December 2023

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11-01-2024

    BMRCL's revenue of Rs 50 crores came solely through advertisements

    Namma Metro raked in Rs 400 crores in 9 months from ticket sales

    Made profits of Rs 6.8 crores in Oct, Rs 4 crores each in Nov and Dec

Silicon City residents are increasingly opting for metro travel, thanks to the convenient metro connectivity spanning the IT Corridor. Commuters are now forsaking personal vehicles in favour of boarding metro trains. The Namma Metro has witnessed a significant boost in profitability, with the Bangalore Metro Rail Corporation Limited (BMRCL) generating a substantial income of Rs 450 crores in the past 9 months.

The metro system operates at an impressive pace, swiftly reaching its destinations. The surge in revenue can be attributed to the expanded metro network and the introduction of advertising opportunities within metro stations. BMRCL saw a revenue of Rs 50 crores from April to December solely through advertisements.

The expansion of the metro network has also contributed to increased ticket sales. Namma Metro raked in Rs 400 crores in 9 months from ticket sales alone. The initiation of the Whitefield route from KR Pura further fueled passenger numbers on the IT corridor, bolstering BMRCL’s revenue.

During the period from June to September, Namma Metro incurred a loss of 8 crores. However, a turnaround occurred in October with BMRCL registering profits. Profits of Rs 6.8 crores in October, and Rs 4 crores each in November and December, marked a positive shift.

The augmentation of metro feeder buses has played a crucial role in boosting passenger numbers. As of January 2023, an impressive 5.32 lakh individuals travel via metro on a daily basis. The year-on-year ridership in Bengaluru has shown a consistent increase, now averaging 6.88 lakh passengers daily.

Summing up the metro revenue from April to December, the total revenue stands at ₹450 crores, while the ticket revenue accounts for Rs 400 crores and advertising revenue contributes Rs 50 crores to the overall income.

Bengaluru: Namma Metro turns profitable, earns Rs 450 crores between April and December 2023

https://newsfirstprime.com/wp-content/uploads/2024/01/BMRCL-Namma-Metro-1-1.jpg

    BMRCL's revenue of Rs 50 crores came solely through advertisements

    Namma Metro raked in Rs 400 crores in 9 months from ticket sales

    Made profits of Rs 6.8 crores in Oct, Rs 4 crores each in Nov and Dec

Silicon City residents are increasingly opting for metro travel, thanks to the convenient metro connectivity spanning the IT Corridor. Commuters are now forsaking personal vehicles in favour of boarding metro trains. The Namma Metro has witnessed a significant boost in profitability, with the Bangalore Metro Rail Corporation Limited (BMRCL) generating a substantial income of Rs 450 crores in the past 9 months.

The metro system operates at an impressive pace, swiftly reaching its destinations. The surge in revenue can be attributed to the expanded metro network and the introduction of advertising opportunities within metro stations. BMRCL saw a revenue of Rs 50 crores from April to December solely through advertisements.

The expansion of the metro network has also contributed to increased ticket sales. Namma Metro raked in Rs 400 crores in 9 months from ticket sales alone. The initiation of the Whitefield route from KR Pura further fueled passenger numbers on the IT corridor, bolstering BMRCL’s revenue.

During the period from June to September, Namma Metro incurred a loss of 8 crores. However, a turnaround occurred in October with BMRCL registering profits. Profits of Rs 6.8 crores in October, and Rs 4 crores each in November and December, marked a positive shift.

The augmentation of metro feeder buses has played a crucial role in boosting passenger numbers. As of January 2023, an impressive 5.32 lakh individuals travel via metro on a daily basis. The year-on-year ridership in Bengaluru has shown a consistent increase, now averaging 6.88 lakh passengers daily.

Summing up the metro revenue from April to December, the total revenue stands at ₹450 crores, while the ticket revenue accounts for Rs 400 crores and advertising revenue contributes Rs 50 crores to the overall income.

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