In the fiscal year 2021–2022, L&T Metro Rail Hyderabad (L&TMRH), the private concessionaire that developed and runs the Hyderabad Metro Rail (HMR) services, recorded a loss of 1,745.85 crore, which is just slightly less than the loss of 1,766.75 crore the prior year.

Including fare and non-fare revenue, operating revenue and other income for the fiscal year 2021–22 under consideration were 357.15 crore as compared to 227.95 crore the year prior. A total of 1,746.21 crore was lost before taxes.

According to the company’s annual report, income from the metro rail system and other sources totaled 319.62 crore for the fiscal year ending on March 31, 2022, including construction revenue of 118.23 crore and 155.76 crore, respectively.

According to the study, the government-imposed limitations because of the COVID-19 epidemic had an influence on all areas of the company’s activities. Due to the impact on metro train ridership and the low foot traffic in the business’s retail malls, the company was forced to support shops by switching to a revenue-sharing model of lease rentals in favour of fixed rentals.

The business also revealed that it has successfully refinanced all of the term loans it had obtained from banks, raising 12,975 crore through non-convertible debtentures (NCDs) and commercial papers (CPs), lowering the interest rate on these loans by more than 2.5% annually.

Net fixed assets, which are made up of property, plant and equipment, investment property, and intangible assets, were valued at 17,043.29 billion and 17,882.95 billion, respectively, in the gross fixed assets category. A total of $435.95 crore was added to property, plant, and equipment, investment property, and intangible assets throughout the year.