Financial performance evaluation of Haryana roadways

The majority of people prefer using the road for transportation. State Road Transport Undertakings (SRTUs) in India are responsible for offering the general public a means of transportation by road. They operate their services in accordance with corporate ethics. Their operations are inspired by a goal to render public transportation services profitable. However, the State Road Transportation Undertakings (SRTUs) have suffered significant losses in recent years. The emphasis of the current study is to measure the financial performance of Haryana Roadways by highlighting its total income to total expenses, profit & loss and also analyses its proportion in the total. Secondary data has been used to achieve the objectives using ratios like revenue per km, revenue per employee, revenue per bus per month, expenditure per km, expenditure per employee, expenditure per bus per month, profit & loss per km. Results of research revealed Haryana Roadways has incurred huge losses and its expenditures were more than its revenues in recent years. Also it could not recover its operational expenses from its revenues.