Money is nothing; RailFanning is Everything

All the passenger trains are loss making just because
(1) they normally have only non ac coaches which have the most subsidised fares.
(2) Substantial passengers in these trains are pass holders which pay even lesser.
(3) the revenue of a passenger train is very low as compared to revenue of express trains due to many factors going against it like:
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very low fare per passenger,
- the lesser number of coaches in passenger trains means lesser no. of paxs. per train
- Lesser distance travelled per day by passenger train means lesser fare
- Instances of ticket less travel is also high in passenger trains leading to lesser revenue in spite of more apparent crowd.
(4) Frequent stops/ acceleration/ deceleration lead to very high hauling (energy) costs, maintenance costs, poor rake utilisation etc. So the operational costs per passenger of a passenger train is no significantly less than the Express train, where as revenue is much lesser. So losses are higher.
(5) Several years before, it was reported in a news paper that a rly official had informed them about losses incurred by IR in passenger business and surprisingly a well patronised train Karnataka Express was not giving profits!
(6) When a large number of the well patronised express trains are giving losses, the passenger trains are definitely giving even more losses! Presently well patronised, full length and fully ac trains like Mumbai Raj, BPL Shatabdi are amongst top profit making trains.

I have read an official say in an interview some time back. That passengers need to fill up 120-130% to recoup the operational cost. But passengers are at a loss because many who travel in them don't buy tickets and TTEs too never check.
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Regarding this train - in UR its chockablock full. My family in mid-90s used to travel in this train to TPTY. To get a seat we used to go to Kengeri itself, so that we get seats of those coming from MYS sides, when they get down at...
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SBC. It worked a couple of times but eventually many started doing this. Its being done now also by many who want to travel by Basava, Hampi, GG.
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My calculation:
In a passenger train in one bogie - some 100-150 people squeeze in right? And they all don't travel the whole distance or long distance like say KK. So constant boarding and de-boarding of passengers in a fully crowded train earns IR good money.