Data

Data | How did Central Public Sector Enterprises perform in FY2019?

The Air India logo is seen on the facade of its office building in Mumbai, India. File photo.

The Air India logo is seen on the facade of its office building in Mumbai, India. File photo.   | Photo Credit: REUTERS

The share of firms which made profits increased in FY19 along with a sharp acceleration in the profit growth

Financial year 2019 was relatively a better period for Central Public Sector Enterprises (CPSEs) in terms of profits. The share of firms which made profits increased in FY19 along with a sharp acceleration in the profit growth. However the downward spiral of consistent loss-makers such as BSNL and Air India continued.

In the graphs, only profit/loss before exceptional or extraordinary items and taxes is considered.

Profit-loss share of firms

Close to 71.5% of the CPSEs made profits in FY19. The share of such firms has improved in the recent years after dropping to over 66% in FY15. Graph shows the share of profit/loss-making CPSEs.

image/svg+xml '11 '12 '13 '14 '15 '16 '17 '18 '19 80 60 40 20 % share of proft making companies % share of loss making companies Financial years % of CPSEs

Profit-loss growth rates

The year-on-year growth of overall profits by CPSEs accelerated to 14.61% in FY19, highest in the last six years. On the other hand, the growth of overall losses incurred decelerated to 0.24%  in FY19, lower than the year before.

image/svg+xml '12 '13 '14 '15 '16 '17 '18 '19 30 20 10 0 -10 -20 % growth of losses Y-o-y growth in % Financial years

Best and the worst             

The Oil and Natural Gas Corporation was the best CPSE in terms of profit earned in FY19, whereas the BSNL was the worst in terms of losses incurred. Table shows top five profit-making and loss-making companies in FY19.

image/svg+xml Top 5 Profit (in ₹ Lakhs) Bottom 5 Profit (in ₹ Lakhs) ONGC 39,95,403 BSNL -14,90,424 Indian Oil 25,12,692 Air India -8,47,480 Power Grid Corporation 11,74,092 MTNL -3,39,020 Coal India 10,56,242 Orissa Mineral Development -63,914 Bharat Petroleum 10,43,962 Rashtriya Ispat Nigam -53,229
 

Consistently poor 

BSNL's losses have surged in FY19 to more than ₹140 billion, a record unmatched in its history. Its losses in previous years pale in comparison. Air India's quantum of loss surged in FY19 after posing moderate losses in the years before. Table shows profit/loss in ₹ billion.

image/svg+xml Year BSNL MTNL Air India FY 19 -149 -34 -85 FY 18 -87 -30 -53 FY 17 -48 -29 -41 FY 16 -38 -28 -38 FY 15 -88 -28 -59 FY 14 -71 -33 -73 FY 13 -80 -53 -64 FY 12 -88 -41 -87 FY 11 -66 -28 -73 FY 10 -17 -34 -32 FY 09 19 3 -55
 

Source: Public Enterprises Survey

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Printable version | Apr 2, 2020 12:23:29 AM | https://www.thehindu.com/data/data-how-did-central-public-sector-enterprises-perform-in-fy2019/article30873494.ece

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