1.10 Financial performance of MSRTC

It is clear that revenue from passengers was Rs 2638.77 crores in the 2002-03, which increased by 0.72 per cent in 2003-04. In the year 2004-05 revenue reflects increase significantly by 19.24 per cent, thereafter it was increased by 0.74 per cent, 9.21 per cent and 4.03 per cent in the year 2005-06, 2006-07 and 2007-08 respectively.

In the year 2008-09, revenue from passengers increased by 12.80 per cent then, it increased by 4.45 per cent in the year 2009-10. But in 2010-11 and 2011-12 it increased by constant growth rate of 13.26 per cent and stood at Rs 5482.61 crore in 2011-12.

Revenue from other sources like rent from commercial complexes, advertisements on the buses and bus stations, etc was Rs 88.74 crores in the year 2002-03, which increase slowly and reached Rs 113.17 crores in 2007-08. Thereafter in 2008-09 to 2011-12 it shows decline trend except in 2010-11 it increased by 44.59 per cent and reached at Rs 138.81 crores. Total revenue was Rs 2727.51 crore in 2002-03 has increased significantly by 18. 80 in 2004-05 and thereafter it increased continuously and reached to Rs 5600.25 crores in 2011-12. It is conclude that share of the other revenue to the total receipts of MSRTC is less as compare to revenue from passengers.

It is seen that passengers and motor vehicle tax shows increasing trend, it was Rs 394.24 crore in 2002-03 increased to Rs 749.67 crores in 2011-12. During this period percentage of annual growth rate fluctuating between 3 per cent to 14 per cent.

Expenditure on depreciation recorded Rs 47.18 crores in 2002-03, which increased by seven times and reached to Rs 351.92 crores in 2011-12. It also seen that annual growth rate in depreciation expenditure is very high i.e. 163.03 per cent in 2008-09.

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Other expenses such as toll tax, VAT, compensation for accidents, etc., even though it decline by -3.47 per cent in 2005-06 and -1.91 per cent in 2007-08. It rose continuously from Rs 2358.01 crores in 2002-03 to Rs 4439.50 crores in 2011-12.

Total expenditure shows increasing trends. It was Rs 2799.43 crores in 2002-03 to 5541.10 in 2011-12, except in the year 2005-06 and 2007-08 it declined by -1.77 per cent -0.14 per cent.

It is concluded that for four consecutive years form 2002-03 to 2005-06 MSRTC suffered a loss. It was very high in 2003-04 i.e. -205.07 crores. Thereafter MSRTC earn profit, it was high in 160.25 crores in 2007-08.

1.11 Operational Statistics of Msrtc

The following table gave the detail account on the operational statistics of Maharashtra State Road Transportation (MSRTC) during the study period from 2004-05 to 2011-12: