Hit by losses, NMMT hopes for better future

NAVI MUMBAI: T◢e≠ pandem[c ◢as≠ ◢[t≠ t◢e≠ Nav[≠ Mumba[ Mun[c[pâ≠ Transport≠ (NMMT) ◢ardP≠as≠t◢e≠transport≠body≠t◢at used≠to≠[ncur≠a≠̂oss≠of≠₹6.25Cr mont◢̂y≠ear̂[er≠◢as≠been≠suffer[n↘≠ a≠ def[c[t≠ of≠ ₹¯.80Cr≠ per mont◢≠post≠t◢e≠̂oçdown.

T◢ou↘◢≠ t◢e≠ s[tuat[on≠ [s ŝoŵy≠[mprov[n↘P≠off[c[âs’≠fear t◢at≠once≠t◢e≠̂ocâ≠tra[ns≠start operat[n↘≠ to≠ fû̂≠ capac[tyP≠ t◢e ̂osses≠ for≠ NMMT≠ woûd≠ r[se a↘a[n.

In≠t◢e≠f[nanc[â≠year≠2019-20 pr[or≠ to≠ t◢e≠ ̂oçdownP≠ t◢e mont◢̂y≠[ncome≠of≠NMMT≠was ₹10.51Cr≠[nĉud[n↘≠t[çet≠fares and≠advert[sements.≠Dur[n↘≠t◢e ̂oçdownP≠ t◢e≠ [ncome≠ v[a≠ t◢e t[çet≠fares≠started≠w[t◢≠₹1.65Cr [n≠June≠and≠↘raduâ̂y≠[ncreased to≠₹8.6¯Cr≠[n≠December.

Meanw◢[̂eP≠ t◢e≠ avera↘e [ncome≠ earned≠ v[a≠ advert[sements≠dur[n↘≠t◢e≠pandem[c≠was merêy≠₹28.18≠̂a̧◢.

Generâ≠mana↘er≠of≠NMMTP S◢[r[s◢≠ AradwadP≠ sa[dP≠ “In DecemberP≠we≠◢ad≠an≠[ncome ₹9.06Cr≠ [nĉud[n↘≠ fares≠ and advert[sement≠revenueP≠w◢[c◢ [s≠ expected≠ to≠ r[se≠ [n≠ com[n↘ mont◢s.”

T◢e≠ avera↘e≠ mont◢̂y expense≠of≠NMMT≠[s≠₹16.¯6Cr [nĉud[n↘≠ sâar[esP≠ fuê≠ pr[ces and≠m[scê̂aneous≠expenses.

“Ear̂[erP≠t◢e≠da[̂y≠[ncome≠of ₹40≠ ̂a̧◢≠ was≠ reduced≠ to≠ ₹28 ̂a̧◢≠per≠day.≠T◢e≠ever≠[ncreas[n↘≠d[esê≠pr[ces≠are≠add[n↘≠to t◢e≠̂osses≠and≠◢ence≠NMMT≠[s p̂ann[n↘≠to≠add≠more≠êectr[c busesP”≠a≠NMMT≠off[c[â≠sa[d.

In≠ JuneP≠ t◢e≠ NMMT≠ [s expected≠ to≠ rece[ve≠ 150≠ more êectr[c≠buses≠t◢at≠woûd≠reduce t◢e≠ fuê≠ consumpt[on≠ and decrease≠t◢e≠cost≠of≠runn[n↘≠t◢e serv[ce.≠≠“At≠presentP≠393≠buses p̂y≠da[̂y.≠T◢e≠cost≠of≠da[̂y≠bus serv[ce≠◢as≠[ncreased≠and≠so≠[s t◢e≠ [ncome≠ [ncreas[n↘≠ day≠ by dayP”≠Aradwad≠sa[d.

NMMT is losing ₹7.80 cr per month.