MSRTC reports profit of Rs 16 crore in August, first time in 9 years

The Maharashtra State Road Transport Corporation (MSRTC) has for the first time in nine years reported a profit after facing difficulties for the past five to six years, in the process achieving a significant financial turnaround, officials said on Thursday.

The state owned MSRTC's recorded a profit of Rs 16.86 crore in August, the said. A total of 20 out of 31 divisions have reported profits, an MSRTC release said, adding the turnaround came about from discontinuing bus services on loss-making routes and diverting them to routes with high passenger demand, which optimized operations. "Additionally, the percentage of non-operational buses has been reduced by half, from 12 per cent to 6 per cent, compared to the previous year. Regular training sessions for drivers and mechanics have also resulted in a 0.52 km increase in diesel efficiency, leading to significant fuel savings. These concerted efforts culminated in the MSRTC reporting a profit of Rs 16.86 crore in August," the release