As many as 57 public sector units are earning profits, while 59 enterprises are loss making, as per an annual review of State-level public enterprises (SLPEs) brought out by the Bureau of Public Enterprises. During the 2022-23 financial year, the PSUs together have contributed an amount of ₹16,863.94 crore to the State Exchequer by way of taxes and duties, an increase of 26.23% compared to 2021-22. The contribution to the Union government’s exchequer was ₹970.54 crore, an increase of 7.76 % over the previous year.
The total amount of profits earned by the 57 PSUs during 2022-23 amounted to ₹889.15 crore as against ₹855.02 crore in 2021-22. On the other hand, 59 enterprises have incurred losses amounting to ₹5,700.88 crores resulting in an overall net loss of ₹4,811.73 crores for the year 2022-23. But the number of loss making enterprises have come down from 66 in 2021-22 to 59 this year.
The fortunes of the companies have also changed considerably over the course of a year. Thirty two enterprises have reported increased net profit during 2022-23 in comparison with the previous year while twelve enterprises, which had earned profits during 2021-22 have incurred losses in 2022-23. The net turnover achieved by the enterprises for the year is ₹40,774.07 crore, an increase of 9% from the previous year.
