India’s Top PSUs 2022

17 ƒ Overall net profits of CPSUs increased by almost 69.5% y-o-y to INR 1.58 trillion in FY21 led by growth in manufacturing, processing & generation and services sector o Despite decline in gross revenue, the combined net profits of manufacturing, processing & generation sector CPSUs increased substantially driven by sharp increase in net profits of petroleum (almost 17 times fromFY20 level), steel (291%) and chemicals & pharmaceuticals (206%) sectors on the back of lower expenses and reduced corporate tax rate which favourably benefited bottom line of the companies. ƒ Mining & exploration sector witnessed a 12% y-o-y decline in net profits largely due to fall in the net profits of coal (-28%) and crude oil (-16%) sector CPSUs. o Lower coal dispatch adversely profitability of coal sector CPSUs, subdued demand for crude and volatility in global crude oil prices impacted net profits of crude oil CPSUs ƒ Amongst 177 profit-making CPSUs, the top 5 profit-making CPSUs accounted for 41% of aggregate net profits ƒ 77 CPSUs reported aggregate net loss of INR 310 billion which narrowed from INR 440 billion during FY20 o Amongst loss-making CPSUs, top 5 loss-making CPSUs accounted for almost 70% of the aggregate losses of 77 CPSUs Top 5 sectors with maximum profits and loss for FY2021 Top 5 Sectors by Net Losses ( ` bn) Top 5 Sectors by Net Profits ( ` bn) Financial Services Crude Oil Coal Power Generation Transport & Logistic Services Trading & Marketing Textiles Agro-based Industries Petroleum Telecommunication & Information Technology 545 268 243 198 131 -96 -27 -10 -4 -1 Source: Public Enterprises Survey 2020-21, Dun & Bradstreet Research Dun & Bradstreet