<p>The launch of the entire phase 1 has boosted the earnings of Namma Metro with the revenue from fares reaching Rs 175 crore between June and December, a huge jump considering that BMRCL earned Rs 110 crore for the entire financial year of 2016-17.</p>.<p class="bodytext">The numbers show that the monthly revenue of the Bangalore Metro Rail Corporation Limited (BMRCL) hovers around Rs 26 crore. The phase 1 was thrown open for public on June 18, a day after its inauguration by then president Pranab Mukherjee.</p>.<p class="bodytext">The revenue for the month crossed Rs 18 crore, most of which were collected in the second half. The following months have seen a steady growth with October and November recording Rs 27 crore, an addition of Rs 1 crore to the box compared to the previous months.</p>.<p class="bodytext">"The launch of Phase 1 has reduced our losses. We are on the way to profit. Within a year, we hope that the BMRCL will become a self-sustaining corporation that would not have to depend on the help from the state government," BMRCL public relations officer U A Vasanth Rao said.</p>.<p class="CrossHead">Cash high</p>.<p class="bodytext">Though the BMRCL has offered 15% discount on fares paid through the Metro smart card, nearly 90% of the Rs 174.6 crore has come as cash with only Rs 18.13 crore non-cash revenue.</p>.<p class="bodytext">According to the information provided in the annual report 2015-16, the BMRCL registered Rs 44.97 crore revenue, which included a non-fare revenue (through advertisements etc). The fare revenue was Rs 28.28 crore.</p>.<p class="bodytext">The opening of the entire East-West (Purple) line in April 2016 further boosted the growth, when the total revenue went up to Rs 130.28 crore.</p>.<p class="bodytext">The unaudited financial results recently uploaded on the BMRCL website shows that the corporation earned Rs 115.48 crore between March and September 2017.</p>.<p class="bodytext">Kempegowda station busiest</p>.<p class="bodytext">The daily ridership of the Namma Metro has stayed above 3 lakh, but has failed to breach the 4 lakh barrier. October 23 saw the highest number of people taking the metro with the numbers crossing 3.7 lakh.</p>.<p class="bodytext">The Metro officials had expected the ridership to cross 5 lakh within two or three months after the launch of phase 1. An official said they expect a significant improvement from mid-2018 when most of the trains will have six cars.</p>.<p class="bodytext">With more than 30,000 riders every day, Kempegowda Metro Station is the busiest while Goraguntepalya has recorded less than a thousand passengers on several days.</p>.<p class="bodytext">Byappanahalli (20,000), Mantri Square (18,500) MG Road (17,000), Mysuru Road (11,000) and Yelachenahalli (13,000) are some of the busiest stations.</p>
<p>The launch of the entire phase 1 has boosted the earnings of Namma Metro with the revenue from fares reaching Rs 175 crore between June and December, a huge jump considering that BMRCL earned Rs 110 crore for the entire financial year of 2016-17.</p>.<p class="bodytext">The numbers show that the monthly revenue of the Bangalore Metro Rail Corporation Limited (BMRCL) hovers around Rs 26 crore. The phase 1 was thrown open for public on June 18, a day after its inauguration by then president Pranab Mukherjee.</p>.<p class="bodytext">The revenue for the month crossed Rs 18 crore, most of which were collected in the second half. The following months have seen a steady growth with October and November recording Rs 27 crore, an addition of Rs 1 crore to the box compared to the previous months.</p>.<p class="bodytext">"The launch of Phase 1 has reduced our losses. We are on the way to profit. Within a year, we hope that the BMRCL will become a self-sustaining corporation that would not have to depend on the help from the state government," BMRCL public relations officer U A Vasanth Rao said.</p>.<p class="CrossHead">Cash high</p>.<p class="bodytext">Though the BMRCL has offered 15% discount on fares paid through the Metro smart card, nearly 90% of the Rs 174.6 crore has come as cash with only Rs 18.13 crore non-cash revenue.</p>.<p class="bodytext">According to the information provided in the annual report 2015-16, the BMRCL registered Rs 44.97 crore revenue, which included a non-fare revenue (through advertisements etc). The fare revenue was Rs 28.28 crore.</p>.<p class="bodytext">The opening of the entire East-West (Purple) line in April 2016 further boosted the growth, when the total revenue went up to Rs 130.28 crore.</p>.<p class="bodytext">The unaudited financial results recently uploaded on the BMRCL website shows that the corporation earned Rs 115.48 crore between March and September 2017.</p>.<p class="bodytext">Kempegowda station busiest</p>.<p class="bodytext">The daily ridership of the Namma Metro has stayed above 3 lakh, but has failed to breach the 4 lakh barrier. October 23 saw the highest number of people taking the metro with the numbers crossing 3.7 lakh.</p>.<p class="bodytext">The Metro officials had expected the ridership to cross 5 lakh within two or three months after the launch of phase 1. An official said they expect a significant improvement from mid-2018 when most of the trains will have six cars.</p>.<p class="bodytext">With more than 30,000 riders every day, Kempegowda Metro Station is the busiest while Goraguntepalya has recorded less than a thousand passengers on several days.</p>.<p class="bodytext">Byappanahalli (20,000), Mantri Square (18,500) MG Road (17,000), Mysuru Road (11,000) and Yelachenahalli (13,000) are some of the busiest stations.</p>
