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Research Paper | Commerce and Economic Studies | India | Volume 13 Issue 4, April 2024 | Popularity: 6.3 / 10

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A Trend Analysis of Working Results of Karnataka State Road Transportation Corporation from 2009-10 to 2021-22

Chiranjeevi V B, Dr. Giridhar K V

Abstract: Transport plays a very important role in the economic development of a country and social, cultural life of the people. Transportation is the movement of the people, animals and products from one place to another place with varieties of vehicles across different infrastructural system. It enables trade between people, which is essential for the development of civilization. The Karnataka State Road Transport Corporation (KSRTC), to all intents and purposes, came into being on September 12, 1948 to cater to the transport needs of the people of Karnataka. The main objective is to study trend analysis of working results of Karnataka state road Transportation Corporation from 2009-10 to 2021-22. The present study has been conducted on the basis of secondary data and is descriptive in its nature. The required secondary data for the study was collected through different websites, annual reports of KSRTC and relevant research articles published in various journals. To make the analysis meaningful advanced statistical tools like ? trend analysis was applied. The major findings are: The revenue turnover ratio has been decreased to 3.16 during 2010-11 from 3.54 of 2009-10. The expense ratio decreased to 99.16 during 2011-12 from 97.01 of 2010-11. Net profit earned during the current year is Rs.174.20 lakh as against the profit of Rs.1941.41 lakh during 2011-12. The revenue turnover ratio increased to 4.22 during 2013-14 from 3.77 of 2012-13. The expense ratio decreased to 101.36 during 2014-15 from 102.54 of 2013-14. The revenue turnover ratio decreased to 4.00 during 2015-16 from 4.09 of 2014-15. The expense ratio increased to 105.58 during 2016-17 from 98.4 of 2015-16. Net profit during the current year was Rs.450.01 lakhs as against the loss of Rs.17707.61 lakhs during 2016-17. The revenue turnover ratio deteriorated to 4.67 during 2018-19 from 4.85 of 2017-18. The expense ratio has increased to 104.16 during 2019-20 from 103.62 in 2018-19. During the current year 2020-21 the net loss is Rs.58115.03 lakhs as against the loss of Rs.15756.04 lakhs during 2019-20. During the current year 2021-22 the net loss is Rs.42330.60 lakhs as against the loss of Rs.58115.03 lakhs during 2020-21. It is suggested that, if KSRTC invest on innovative services and alternative sources of finance the firm can obtain attractive rate of returns continuously.

Keywords: Working Results, KSRTC, Revenue, Expenditure, Transportation, Capital, Profit

Edition: Volume 13 Issue 4, April 2024

Pages: 1601 - 1607

DOI: https://www.doi.org/10.21275/SR24422200955

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