Central PSUs Clock 47% Rise In FY24 Net

New Delhi: Overall net profit of operating Central Public-Sector Enterprises (CPSEs) rose to Rs3.22 lakh crore in FY24 as against Rs2.18 lakh crore in FY23 showing an increase of over 47 per cent, according to an official report. The market capitalisation (mcap) of CPSEs more than doubled in 2024-25 fiscal as compared to 2023-24 fiscal year, the report said.

The major contributors to the increase in market cap are NTPC Ltd, Oil & Natural Gas Corporation Ltd, Hindustan Aeronautics Ltd, Coal India Ltd and Indian Railway Finance Corporation Ltd.A major proportion of the increase in profit of Rs0.89 lakh crore was contributed by the Petroleum (Refinery & Marketing) group, according to the report compiled by the Public Enterprises Department of the Finance Ministry.

“Within the Petroleum (Refinery & Marketing) group, the major contribution towards the increase in Overall Net Profit is contributed by Indian Oil Corporation Ltd (Rs0.31 lakh crore). The profitability of the Petroleum (Refinery & Marketing) group has impacted the overall profitability,” the survey said.