The net profit of operating public sector enterprises jumped 50.87 percent to Rs 2.49 lakh crore during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC, and SAIL emerging as the top five performers, according to a government survey.

Share Market Live

NSE

The net profit of operating central public sector enterprises (CPSEs) stood at Rs 1.65 lakh crore in the previous fiscal.

The Public Enterprises Survey 2021-22 also revealed that the net loss of loss-making CPSEs narrowed to Rs 0.15 lakh crore in FY 2021-22 from Rs 0.23 lakh crore in FY 2020-21, showing a decrease of 37.82 percent.

Major loss-making CPSEs include Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telecom Nigam Ltd (MTNL), Air India Assets Holding Ltd, Eastern Coalfields Ltd and Alliance Air Aviation Ltd.

Also Read: Unemployment in India rises to 16-month high in December 2022

"Total gross revenue from the operations of operating CPSEs during FY 2021-22 was Rs 31.95 lakh crore as against Rs 24.08 lakh crore in FY 2020-21, showing an increase of 32.65 percent," it said.

Dividend declared by operating CPSEs in FY 2021-22 stood at Rs 1.15 lakh crore, as against Rs 0.73 lakh crore in FY21, up 57.58 percent.

The survey attributed the revenue rise in FY 2021-22 to better performance by the petroleum (refinery and marketing), crude oil and transport, and logistics segments.

Among the sectors, manufacturing, processing and generation sector continues to command the highest share, followed by services, and mining and exploration.

Three cognate groups -- petroleum (refinery and marketing), trading and marketing, and power generation -- together contributed 69.08 percent to the gross revenues in FY 2021-22.

Also Read: Budget 2023: Date, time, who will present it? All you need to know

The net profit of profit-making CPSEs stood at Rs 2.64 lakh crore in FY 2021-22 against Rs 1.89 lakh crore in the previous fiscal, up 39.85 percent. The top five CPSEs with the highest net profits were ONGC, Indian Oil Corporation, Power Grid Corporation of India, NTPC, and Steel Authority of India Ltd (SAIL), the survey said.

The contribution of all CPSEs to the central exchequer by way of excise duty, customs duty, GST, corporate tax, interest on central government loans, dividend, and other duties and taxes stood at Rs 5.07 lakh crore in FY 2021-22, as against Rs 4.97 lakh crore in FY 2020-21, showing an increase of 2.14 percent.

The top five CPSEs contributing to the central exchequer were Indian Oil Corporation, Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd, Bharat Oman Refineries Ltd, and Chennai Petroleum Corporation Ltd.

Also Read: Recession will hit a third of the world this year, warns IMF chief Kristalina Georgieva

Besides, the corporate social responsibility (CSR) expenditure of all CSR-eligible CPSEs (160) stood at Rs 4,600 crore in FY 2021-22 compared to Rs 4,483 crore in FY 21, up 2.61 percent.

The top five CPSEs contributing the highest under CSR were ONGC, NTPC, Indian Oil Corporation, NMDC, and Power Grid, the survey added.