Railways earnings top-line growth during April-December, 2014

Railways earnings top-line growth during April-December, 2014.

i) Gross Earnings: 

The gross originating earnings of SCR at Rs. 9340 Cr. registered a significant growth of +21.5% during the period April-December, 2014. It reflects generation of additional revenue of Rs. 1652 Cr. when compared to Rs. 7688 Cr. grossed in the same period of last fiscal. The actual earnings surpassed the Railway Board’s target of Rs. 9285 Cr. for this period. The Gross Earnings of SCR targeted for this FY 2014-15 is Rs. 12762 Cr. and SCR is all set to meet this target.

ii) Freight Loading & Earnings:

The incremental growth in physical freight loading achieved by SCR during April-December, 2014 period ranks as o­ne of the best o­n Indian Railways. The cumulative freight loading during this period stood at 85.7 million tonnes (MT), which is 7.8 MT higher compared to 77.9 MT done in the same period of last year, registering a growth rate of 10%. It surpassed the target set by Railway Board (ie.,83.1 MT) by 2.6 MT.

Freight earnings constitute around 70% of the gross earnings of the Zone. The revenue from freight activities till the end of December, 2014  grew to Rs. 6614 Cr, which is 23.5% higher compared to Rs. 5359 Cr. grossed last year.

iii)  Commodity-Wise Goods Loading:

Coal contributes to 53% of the total freight loading being done o­n SCR. The loading of coal has surged to 45.6 MT during April-December, 2014, signifying a growth of 4.3 MT (+10.4%) compared to 41.3 MT loaded during the same period of last year.

The cumulative loading of Cement by the end of December, 2014 is 21.1 MT, registering a growth of 5%, compared to 20.1 MT carried last year over the period April-December.
SCR loaded 4.6 MT of food grains and 3.7 MT of fertilizers during April-December, 2014. Imported iron ore at 4 MT; containers at 0.85 MT; and Petroleum products at 0.75 MT constitute other major commodities loaded o­n SCR till the end of December in the current fiscal.

There was a huge surge in rail freight loading at Krishnapatnam Port, which stood at 15.5 MT during April-December, 2014, compared to 10.1 MT achieved in the same period of last year, an improvement of 5.4 MT, registering a huge growth of +53%.

Freight loading at Kakinada Port also looked up with 5.6 MT of cumulative loading till the end of December, 2014 this fiscal, with a rise of 22% compared to 4.6 MT loaded during the same period of last fiscal. Coal, Iron ore, Cement and fertilizers are the major commodities being loaded at Krishnapatnam and Kakinada Ports.

iv) New Traffic Captured by SCR:

Focused and intensive marketing efforts have yielded fruitful results as the Zone captured new streams of freight traffic o­n SCR in the current fiscal. These include imported Iron ore from Krishnapatnam Port to M/s. Jindal Steel; Export cement in containers from M/s. My Home Cements unit at Mellacheruvu and M/s. Bharati Cements unit at Yerraguntla; Bauxite from Kakinada Port; Stone chips from Balanagar; and Quartz from Veldurti.

v) Passenger Sector Performance:

On passenger front, SCR carried 276 millions of originating passengers during the period April-December, 2014 i.e., around 10 lakhs of passengers o­n an average per day. The earnings from passenger sector were Rs. 2323 Cr, generating an incremental passenger revenue of Rs. 350 Cr. during April-December, 2014. It signifies an impressive 18% growthin comparison to the passenger earnings of Rs. 1973 Cr. in the same period of last financial year.

SCR has continuously been running a large number of special trains and also attaching extra coaches to the regular trains to maximize earnings from passenger sector. The Zone operated 602 services of originating special trains and attached 8414 additional coaches, benefiting 8.3 lakhs of passengers during April-December, 2014. These measures resulted in additional revenue of Rs. 76.4 Cr. in this period.

vi) Financial Performance – Operating Ratio:

Special emphasis is being given o­n minimizing unproductive expenditure and maximizing the revenue to enhance financial efficiency of the Zone. Conscious efforts in this direction have resulted in generating a healthy operating ratio of 78.2% o­n SCR for the period April-December, 2014 with an operating surplus of Rs. 4219 Cr.

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