Nirmal Bang has come out with its Railway Budget report.

Financial Performance Highlights:

During her Budget Speech the Railway Minister claimed the Interim Budget as highly ambitious and has revised most of the targets.

• The freight loading target for FY 10 was revised from 910 MT set up during the Interim Budget to 882 MT. For FY 09 railways achieved a freight loading of 833 MT.

• The Gross Traffic Receipt for FY 10 was set at Rs 88419 Crs revised from Rs 93159 set up during the Interim Budget.

For FY 09 Railways achieved Gross Traffic Receipt of Rs 79862 Crs.

• The Goods Earnings have been projected at Rs 58525 Crs revised from Rs 59059 Crs set up at Interim Budget. For FY 09 the Goods Earnings was Rs 53433 Crs.

• The Total Work Expenditure for FY 10 was set up at Rs 81665 Crs revised from Rs 83600 Crs. The Work Expenditure for FY 09 was at Rs 72500 Crs.

• Cash Surplus for FY 10 was projected at Rs 14201 Crs revised from Rs 18847 Crs. For FY 09 the Cash surplus was at Rs 17400 Crs.

• Operating Ratio was projected at 92.5% for FY 10 revised from 89.90%. For FY 09 the operating ratio was at 88%.

• Even with downward revision of targets from Interim Budget Railway Minister has projected a cash surplus of Rs 14201 Crs indicating that Railways will not face much problem even if economy slows down.

 To read the full report click on the attachment.....