Delhi Metro incurred losses of over Rs 90 crore in past 10 years

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New Delhi | Published: November 26, 2014 8:15:15 PM

Delhi Metro Rail Corporation has earned a total revenue of Rs 9,905.62 crore from 2004-05 to 2013-14...

he total revenue, collected from fares, rental income tax and other sources, exceeded DMRC's Budget target of Rs 9,616.21 crore. The total revenue of DMRC, collected from fares, rental income tax and other sources, exceeded DMRC’s Budget target of Rs 9,616.21 crore.

Delhi Metro Rail Corporation has earned a total revenue of Rs 9,905.62 crore from 2004-05 to 2013-14, but incurred a loss of over Rs 90 crore in the same ten year-period.

Minister of State for Urban Development Babul Supriyo today informed the Lok Sabha that the total revenue, collected from fares, rental income tax and other sources, exceeded DMRC’s Budget target of Rs 9,616.21 crore.

The Minister further informed that DMRC’s Profit Before Tax (PBT) after charging interest on Japan International Cooperation Agency (JICA) loan and depreciation during the said ten year period was minus Rs 90.56 crore and after considering the wealth tax, deferred taxes, the Profit After Tax (PAT) was minus Rs 1,129.71 crore.

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