About 30 per cent units of the State-owned Kerala State Road Transport Corporation (KSRTC) in the State exhibit poor performance, says the Economic Review.
The financial performance of the transport utility is not in tune with its physical achievements owing to increase in operating expenditure, hike in pension commitments, increase in interest payments, operation in uneconomic routes, and concessional travels, says the review.
The gross revenue earning of the KSRTC during 2014-15 was Rs.1,923.82 crore, the gross revenue expenditure Rs.2,541.10 crore, and operating loss Rs.617.28 crore. However, the average monthly collection has increased from Rs.138.29 crore to Rs.150.78 crore.
The occupancy ratio in KSRTC buses has increased from 67.14 per cent in 2009-10 to 75.09 per cent in 2011-12. The fleet utilisation is only 82. 7 per cent and there are only 168 buses per 10 lakh population in the State.
The review has noted that the performance of the KSRTC during 2014-15 was better than the previous year.
