Economy To earn every Rs 100, Indian railways spent Rs 111 in April-July Updated : August 20, 2018 07:20 AM IST In this period, the national transporter set a record-high operating ratio of 111.51 percent. Operating ratio is a gauge of operational efficiency that measures expenses as a proportion of revenue. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.