Financial Express - Ahmedabad

The state of CPSEs

Date: 25/03/2017 | Edition: Ahmedabad | Page: 9 | Source: Bureau | Clip size (cm): W: 34 H: 25

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Extracted Text data: WIIILE the net profit of state-owned companies grew 115% year-on-year in FY16, their net revenue contracted nearly 10% in the year. The contribution of central public sector enterprises (CPSEs) by way of excise duty, customs duty, corporate tax, interest on central government loans, dividend increased from 42 lakh crore in FY15 to 42.78 lakh crore in FY16, a growth of 38.6%. Data from the latest Public Enterprises Survey 201516 show that the profit of profit making CPSEs was 41,44,523 crore during '2015.16 as compared with 41,30,364 crore in 2014-15. Similarly, the loss of loss incurring CPSEs was 428,756 crore in FY16 ? as compared with 427,498 crore in FY15. The top-10 profit making CPSEs contribute 63% of the net profit of profit-mak ing CPSEs. Leading the pack is Coal India Ltd and Oil and Natural Gas Corporation Ltd, indicating companies in area of natural resources and monopoly position tend to do well. In contrast, the top-10 loss making companies account for around 80% of the net losses of loss-making CPSEs. The state-owned companies employed 12.34 lakh people in FY16 as compared with 412.91 lakh in FY15, or a 4.4% drop in employment. However, salary and wages went up in all CPSEs from 41.26 lakh crore in FY15 to 61.28 lakh crore in FY16. Illustramara SHY. Data Drive Total income of CPSEs drops crore) 20,56,336 18,04,614 19,31.186 19,54,638 2011-12 2012-13 2013-14 2014-15 PSIPs contribution to Central exchequer In 2015-16; (6 crore) Share of taxes Excise Customs duty 9,952 Corporate tax Dividend tax 11,878 Sales tax I 3,663 Service tax IIII 7,025 Other duties 11.867 Dividend 43,726 (15.72%) Interest 7,483 (2.69%) Taxes 2,26,866 (81.58%) 1,39,601 42,880 I 17,64,749 2015-16 Net proft grows crore) 98,246 1,28.295 1,14.981 1,15,767 1,02,866 2011-12 Number of employess decline Employees On (akh) 2011-12 2012-13 2013-14 2014.15 2012-13 41:1111111: ° Mtftfit 2013-14 14.5 14.02 13.49 12.91 12.34 Top 10 profit making CPSEs during 2015-16 Net profit (2015-16, 6 cr) 1 Coal India Ltd 2 ONGC 3 Indian Oil Corporation 4 NTPC 5 Hindustan Fertiliser Corp' 6 Bharat Petroleum Corp 7 Power Finance Corp 8 Power Grid Corp of India 9 Rural Electrification Corp 10 Mahanadi Coalfields 2014-15 2015-16 Total emoluments (6 crore) • 1,05,648 alk 1,16,363 alk 1,22,322 al 1,27,387 Alk 1,28,263 10,399 10,243 9,340 7,432 6.113 6.027 5.628 4,185 % share 17.8 17.5 11.3 11.2 10.2 8.1 6.7 6.6 6.1 4.6 Total (1 to 10) Net Profit of rofit-makm CPSEs 91,714 63.5 1,44,523 'our to est, ordinary wone. Hindustan revere, Cur;:nration tuned reported net profit m Ise year all, lb 10 major loss making CPSEs during 2015-16 Net loss (2015-16. T cr) 1 Steel Authority of India 2 Bharat Sanchar Nigam 3 Air India 4 Hindustan Photo Films 5 ONGC Videsh 6 MTNL 2,528 2,094 2,006 ? 4,137 3,880 3,&32 rib share 18.0 16.9 16.7 11 .0 9.1 8.7 7 Rashtrlya (spat Nigam MEM 1,421 6.2 8 PEC 1,142 9 Hindustan Cables 4.3 994 'MI 913 10 BHEL 4.0 Total (1 to 10) 22,951 Net losses of loss-makin CPSEs 28,756 Sou,: Pub F'le'plraes Sursus 201S-2C-6