Namma metro tops Rs 1,000 crore revenue in FY25, losses continue to mount

Namma Metro crossed Rs 1,000 crore revenue in FY25, aided by higher ridership and a fare hike, but net losses widened to Rs 624 crore despite network expansion

Bengaluru’s Namma Metro crossed a major financial milestone in 2024–25, with its annual revenue exceeding Rs 1,000 crore for the first time since operations began. The achievement reflects rising commuter demand, incremental network expansion, and a significant fare hike implemented earlier this year. However, the Bangalore Metro Rail Corporation Ltd (BMRCL) continues to grapple with mounting losses, underscoring the structural financial challenges faced by urban mass transit systems.

According to BMRCL’s annual report, average daily ridership during the year stood at 7.58 lakh passengers, making passenger ticket sales the dominant revenue contributor. Non-fare income showed only a modest improvement, rising by about Rs 5 crore over the previous year. While the metro registered an operational surplus of Rs 229 crore, the picture changed sharply after accounting for depreciation and taxes. Net losses ballooned to Rs 623.93 crore in 2024–25, compared to Rs 350.7 crore in the previous financial year.

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The report also highlighted progress on key infrastructure projects. Tunnelling work on the Reach 6 corridor, connecting Kalena Agrahara and Nagawara, has been completed, with the line expected to open in phases during 2026–27. The 3.15-km extension from Nagasandra to Madavara was commissioned during the year, expanding the network’s northern reach.

Work on Phase 2-A and 2-B, which will eventually link Central Silk Board to Kempegowda International Airport, is progressing, though timelines remain staggered. Meanwhile, preparatory work has begun on the Orange Line under Phase III, despite delays in tendering.

In February 2025, fares were revised upward by 71%, triggering public criticism. The report also noted a gradual shift in payment habits, with over one-fifth of passengers now opting for QR-based tickets. To support expansion, BMRCL has borrowed Rs 17,071 crore, in addition to government grants, highlighting the ongoing need to balance growth with financial sustainability.

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