Indian Oil, ONGC, NTPC most profitable PSUs in FY18; BSNL, Air India and MTNL worst performers

INDIAN Oil Corporation, ONGC and NTPC emerged as the top three most profitable PSUs in 2017-18, while BSNL, Air India and MTNL incurred the highest losses for the second consecutive year, according to a survey tabled in Parliament last week. The Public Enterprises Survey 2017-18, which mapped the performance of central public sector units, revealed that the top ten loss making PSUs claimed 84.71 per cent of the total losses made by all the 71 CPSEs.
The three star performers, including...
Indian Oil Corporation, Oil & Natural Gas Corporation (ONGC) and NTPC, contributed 13.37 per cent, 12.49 per cent and 6.48 per cent, respectively to the total profit earned by CPSEs during 2017-18, the survey revealed.
Coal India and Power Grid Corporation occupied the fourth and fifth spot in the list of top 10 profit making CPSEs (Central Public Sector Enterprises) in the 2017-18 fiscal.
The three worst performing PSUs, including BSNL, Air India and MTNL, contributed 52.15 per cent of the total loss incurred by CPSEs in 2017-18.
On the other hand, Power Finance Corporation entered into the list of the top ten profit making CPSEs, while Mangalore Refinery & Petrochemicals Ltd has not featured in the latest list.
The top ten profit making CPSEs accounted for 61.83 per cent of the total profit earned by all the 184 profit making state-owned firms during the year.
Bharat Coking Coal Limited incurred huge losses in 2017-18 and has entered into the list of top ten loss making CPSEs, while India Infrastructure Finance Co and Eastern Coalfields, which were profit making PSUs till 2016-17, have started making losses and featured in the list of top ten loss making state-owned firms during 2017-18.
The Public Enterprises Survey 2017-18 on the performance of Central Public Sector Enterprises, brought out by the Department of Public Enterprises, Ministry of Heavy Industries & Public Enterprises, was tabled in both the Houses of Parliament on December 27.
There were 339 Central Public Sector Enterprises (CPSE) in 2017-18, out of which 257 were in operation. Remaining 82 of the CPSEs were under construction, shows the report.
The major highlights of the performance of CPSEs are:
Total paid up capital in 339 CPSEs as on March 31, 2018 stood at Rs.2,49,988 crore as compared to Rs.2,32,161 crore as compared to a year ago, showing a growth of 7.68 percent. Total investment (financial) in all CPSEs was at Rs. 13,73,412 crore as on March 31, 2018 compared to Rs 12,45,819 crore as on March 31, 2017, recording a growth of 10.24 percent. Capital Employed in all CPSEs stood at Rs. 23,15,707 crore on March 31, 2018 as against Rs.21,66,801 crore in the previous year showing a growth of 6.87 percent.
Total Gross Revenue from operation of all CPSEs during 2017-18 stood at Rs. 21,55,948 crore compared to Rs. 19,55,675 crore in the last financial year showing a growth of 10.24 percent.
Total income of all CPSEs during 2017-18 was at Rs. 20,33,732 crore compared to Rs. 18, 22,184 crore in 2016-17, showing a growth of 11.61 percent. Profit of profit making CPSEs (184 CPSEs) stood at Rs. 1,59,635 crore during 2017-18 compared to Rs. 1,52,978 crore in 2016-17 showing a growth in profit by 4.35 percent. Loss of loss making CPSEs (71 CPSEs) stood at Rs.31261 crore in 2017-18 as against Rs.27,480 crore in 2016-17 showing increase in loss by 13.76 percent.
Overall net profit of all 257 CPSEs stood at Rs.1,28,374 crore compared to Rs. 1,25,498 crore showing a growth in overall profit of 2.29 percent. Reserves and surplus of all CPSEs stood at Rs. 9,42,295 crore as on March 31, 2018 compared to Rs.9,20,981 one year ago, registering an increase by 2.31 percent.
Salary and wages in all CPSEs stood at Rs. 1,57,621 crore in 2017-18 against Rs. 1,40,956 crore in 2016-17 showing a growth of 11.82 percent.