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KMRL reports operational profit for FY24
2024-12-30
Kochi Metro Rail Limited (KMRL) reported a profit for the financial year 2023-24. According to KMRL's annual report for FY24, the operational revenue was Rs 1.51 billion, while operational expenses stood at Rs 2.05 billion. However, KMRL clarified that Rs 603 million spent on the non-motorised transport (NMT) project should be excluded from the expenses, reducing the actual operational expense to Rs 1.45 billion.
Additionally, KMRL highlighted that the total revenue was Rs 1.68 billion, including an extra Rs 169.3 million from consultancy income and interest. As a result, KMRL achieved an operational profit of Rs 229.4 million for FY24.
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