"During the quarter, our non-voice revenues grew by 14 percent, thereby contributing 43 percent of the total revenues. Our net income improved by 42 percent mainly on account of significant reduction in forex loss," SSTL Chief Executive Officer Dmitry Shukov said.
Railway passenger fare may see another round of hike soon. Railway Board Chairperson Vinay Mittal hinted on Saturday that passenger fares could go up when fuel surcharge becomes applicable in October.
The chairman of the Railway Board on Tuesday sought to downplay the hike in reservation fees and supplementary charges in superfast trains, saying these trains constitute only 30 percent of the total passenger services in the country.
Railway board chairman Vinay Mittal told CNBC-TV18's Marya Shakil that fare hikes can only bolster the railways finances to a limited extent and that the urgent need is to consolidate rather than expand.
At least 38 passengers were killed and about 210 injured when 15 bogies of a speeding Delhi-bound Kalka Mail derailed here today -- the second major train mishap in a week in Uttar Pradesh.