Financial Year 2021, the one-year period just after the national lockdown was announced, was a relatively better year for Central Public Sector Enterprises (CPSEs) in terms of profits. The aggregate profits of profitmaking CPSEs increased by 37% compared to FY20, while the aggregate losses of loss-making CPSEs declined by 29%. Of the 254 CPSEs for which data are available, 177 made net profits while 77 made net losses in FY21. Worryingly, 28 of those 77 loss-making CPSEs have made net losses for the third consecutive year
Aggregate losses/ profits
The graphs show the aggregate profits made by profitmaking CPSEs (left) and aggregate losses made by loss-making CPSEs in FY21 and FY20
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Losses/profits in FY21
The graph shows the net profits and net losses made by CPSEs in FY21. The are companies which recorded profits and are those which recorded losses
Consistent losses
The table lists a select group of CPSEs which made losses over the past three financial years. The figures depict the net losses made in ₹ lakh
BSNL recorded the most losses among all CPSEs in FY21 though the losses have almost halved compared to FY20. The company currently employs 64,536 workers and spends about ₹6,67,916 lakh on their salaries
Source: PE survey
