Mumbai Metro earns Rs135 crore in 2014-15, yet incurres losses

Between January and May this year, the Mumbai Metro collected Rs 51.89 crore from sale of tickets along the 11.4-km route connecting Versova with Ghatkopar via Andheri.

In January, Rs 11.54 crore was collected through sale of tickets, but the collections fell to Rs9.21 crore the following month.

Although the ridership fell in May to 69.26 lakh as compared to 70.45 lakh in April, the ticketing collections increased to Rs 10.59 crore in May as against Rs 10.20 crore in April.

As per the financial results shared by Reliance Infrastructure (RInfra) for the year ending 2014-15, the Mumbai Metro earned Rs 136 crore, yet incurred losses of Rs 191 crore.

MMOPL claims that it spends Rs 55 lakh daily towards the maintenance of the entire 11.4-km long system, as well as the car depot, but MMOPL refused to share details on the average operations cost of each of the services.

Fixing of ticket tariffs has been a contentious issue, which is being heard by the Supreme Court. At the moment, the Fare Fixation Committee (FFC) has begun the procedure to collect opinions from various stakeholders, including the public.

A hearing on the subject has been scheduled by the FFC on the morning of June 11, inside the Mumbai Metro car depot at Four Bungalows, Andheri.

The Mumbai Metropolitan Region Development Authority (MMRDA) wants the fare to Rs 9, Rs 11 and Rs 13, but RInfra wants it to be Rs 10, Rs 20, Rs 30 and Rs 40, which is currently in force.

MONTH & TICKETING REVENUE
January: Rs11.54 crore
February: Rs9.21 crore
March: Rs10.35 crore
April: Rs10.20 crore
May: Rs10.59 crore