Rel Infra to gain from Mumbai Metro's Rs 400cr ticket sales

Mumbai Metro expects to be EBITDA breakeven in the next 4-5 quarters with an operating expense of Rs 240 crore per year.

After a 7-year wait, Mumbai Metro One Private Ltd (MMOPL) finally rolled out its first rail on Sunday, the 8th of June. The MMOPL expects to initially clock in Rs 400-420 crore of ticketing revenue annually and Reliance Infrastructure , which is the 70 percent shareholder in MMOPL, will be a beneficiary. Rel Infra had bagged the bid to construct and operate the Mumbai Metro in 2007.

The revenue projection is based on an average of 5 lakh commuters daily with an average ticket price of Rs 25.

MMOPL expects to be EBITDA breakeven in the next 4-5 quarters with an operating expense of Rs 240 crore per year.

Revenue streams for the commonly known VAG corridor (Versova-Andheri-Ghatkopar link) will be from ticketing, real estate space leases and advertisements.

MMOPL has tied up with OOH Times for advertising; advertising revenues will be based on fixed and revenue share.

The 12 metro station with an accumulated space of 12,000 sq metres is likely to earn Rs 20-25 crore via real estate lease rentals.

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