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New Delhi: The overall performance of PSUs has seen a significant improvement in FY 2021-22 as several indicators of growth looked good, the Public Enterprise Survey 2021-22 showed. The overall net profit of PSUs during FY 2021-22 has seen a bump of 50.87 percent, up from Rs 1.65 lakh crore during FY 2020-21 to Rs 2.49 lakh crore in FY 2021-22, according to the survey. The survey, which was released on Monday, said that the total net loss recorded by 59 loss-making PSUs showed a significant decline of 37.82 percent as the figure went down from Rs 23,458 crore in FY 2020-21 to Rs 14,586 crore in FY 2021-22.
However, three PSUs — BSNL, MTNL and AIHL — together accounted for 75 percent of the total loss registered by PSUs in FY 2021-22. "Out ot the total 59 loss-making CPSEs, three CPSEs namely Bharat Sanchar Nigam Ltd.
(Rs 6,981.62 crore), Mahanagar Telephone Nigam Ltd. (Rs 2,602.59 crore) and Air India Assets Holding Ltd (Rs 1,416.76 crore) accounted for 75 percent of the aggregate loss during FY 2021-22," said the survey.
Net Profit of profit-making CPSEs stood at Rs 2.64 lakh crore in FY 2021-22 against Rs 1.89 lakh crore in FY 2020-21, showing an increase of 39.85 percent. Top five PSUs with highest net profits were — ONGC Ltd, Indian Oil Corporation Ltd (IOCL), Power Grid Corporation of India, NTPC Ltd and Steel Authority of India Ltd (SAIL).
"A major proportion of the profit was contributed by Crude oil cognate group, where it increased from Rs 0.13 lakh crore in FY 2020-21 to Rs 0.46 lakh crore in FY 2021-22," said the survey.
Net Worth of all CPSEs increased from Rs 13.81 lakh crore as on March 31, 2021 to Rs 15.58 lakh crore as on March 31, 2022, showing an increase of 12.81 percent.
The total Market Capitalisation (M-cap) of 62 CPSEs traded on stock exchanges of India was Rs 15.46 lakh crore as on March 31, 2022 as against Rs 12.20 lakh crore as on March 31, 2021, showing an increase of 27 percent. Major contributors of increase in M-Cap are National Aluminium Company Ltd (125 percent), Fertilizers & Chemicals (Travancore) Ltd (123 percent), IRCTC Ltd (121 percent), and 5 other CPSEs showed an increase of more than 50 percent.
The dividend declared by operating CPSEs (112) in FY 2021-22 stood at Rs 1.15 lakh crore against Rs 0.73 lakh crore in FY 2020-21, showing a growth of 57.58 percent.
The contribution of all CPSEs to the Central exchequer by way of excise duty, custom 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 collection has increased due to an increase in GST collection from Rs 0.38 lakh crore (in FY 2020-21) to Rs 0.58 lakh crore (in FY 2021- 22). Top five PSUs contributing to the Central exchequer are
Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), Bharat Oman Refineries Ltd & Chennai Petroleum Corporation Ltd (CPCL).
The CSR expenditure of all CSR eligible PSUs (160) stood at Rs 4,600 crore in FY 2021-22 against Rs 4,483 crore in FY 2020-21, showing an increase of 2.61 percent. Top five CPSEs contributing the highest under CSR were ONGC Ltd, NTPC Ltd, Indian Oil Corporation Ltd, NMDC Ltd and Power Grid Corporation Ltd.
R&D Expenditure of all CPSEs stood at Rs 6,894 crore in FY 2021-22 against Rs 4,892 crore in FY 2020-21, showing an increase of 40.95 percent. The top five CPSEs contributing the highest under this head are Hindustan Aeronautics Ltd, Indian Oil Corporation Ltd, Steel Authority of India Ltd, Bharat Heavy Electricals Ltd and ONGC Ltd.
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