The net profit of profit making Central Public Sector Enterprises (CPSEs) stood at Rs. 1,25,115 crore in 2011-12 compared to Rs. 1,13,944 crore in 2010-11. The loss of loss making CPSEs, on the other hand was Rs. 27,602 crore in 2011-12 compared to Rs. 21,817 crore in 2010-11. At the aggregate level, the net profit of all CPSEs (aggregate net profit – aggregate net loss) stood at Rs. 97,513 crore in 2011-12 compared to Rs. 92,128 crore during 2010-11.
As per the Public Enterprises Survey 2011-12, tabled in Parliament recently, cognate group-wise, the best results were achieved by the ‘mining’ sector with 29.45 per cent growth in profit over the previous year. This was followed by 13.42 per cent growth in profits achieved by ‘electricity sector’. The ‘services’ sector suffered a loss of Rs. 9,057 crore during 2011-12, which was higher than the loss of Rs. 4,903 crore in 2010-11. This was mainly due to the loss suffered by Air India Ltd., Bharat Sanchar Nigam Ltd., Mahanagar Telephone Nigam Ltd. and Cotton Corporation of India Ltd. in both these years. Under the ‘manufacturing sector’, Steel, Petroleum, Heavy Engineering and Textiles CPSEs showed a decline in profits while Transportation Equipment showed an increase in profits. CPSEs in the chemicals & pharmaceuticals sectors and medium & light engineering industries, on the other hand, reduced their losses during 2011-12.