The company has started charging convenience fee from September 1, which will have a major impact on revenues as well as profitability. For a full financial year, convenience fee will bring about Rs 600 crore added revenues.
This financial year we plan to commission 6 plants for packaged drinking water and maybe we will be commissioning 7th plant also. In catering also we are seeing growth; tariffs which were overdue for revision have been recently revised and that will also have an impact on our financials.
These things have been there only for few months in the current financial year and so, the overall impact will be known only in the next financial when all these things will have impact for the complete year.
Golden Chariot is a luxury train which was so far managed by Karnataka Tourism Development Corporation but they were not running it for last 2 years. This year we did a tie-up with them, it's on revenue sharing mechanism and we will start operating this by March '20
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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