
KMRL reported a fourth consecutive year of operational profitability at ₹52.64 crore, while net loss shrank to ₹352.49 crore. Non-fare revenue made up 34% of total operational revenue.
Kochi Metro Rail Limited reported an operational profit of ₹52.64 crore for fiscal 2025-26, its fourth consecutive year of operating profitability. Net loss narrowed to ₹352.49 crore from ₹430.50 crore a year earlier, a roughly 18% improvement.
The average daily ridership crossed 1.01 lakh passengers during the year, the highest in the Metro's history. Fare revenue grew as more commuters chose the service, directly lifting operating margins. The rising demand prompted KMRL to add extra train services in peak hours, the operator said.
Non-fare revenue played an outsized role. Of total ₹224.65 crore in operational revenue, ₹76.33 crore – nearly 34% – came from station commercialisation, advertising and property development. That mix has made Kochi Metro one of the few Indian metro systems to diversify revenue streams beyond ticket sales.
Managing Director Loknath Behera said the commissioning of the second phase, which links the city with Kakkanad's smart city and Infopark, would push the operational profit higher. He called the financial results a sign of the network's "steady improvement" in overall health.
KMRL operates on a shorter corridor than many other metro systems in India but has achieved sustained operational profitability in a relatively short period. The operator has also focused on barrier-free stations, universal accessibility for persons with disabilities, senior-citizen facilities and integration with feeder services and the Water Metro, according to its statement.
The net loss reduction was driven by higher ridership and non-fare revenue growth, though the company continues to carry significant depreciation and interest costs from prior capital spending. The second-phase expansion, fully operational, is expected to add to both ridership and non-fare revenue.
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