Data | How did Central Public Sector Enterprises perform in FY2020?

Close to 66% of the CPSEs made profits in FY20 — the lowest share in the last five years

Financial Year 2020, the one-year period just before the national lockdown was announced, was relatively worse for in terms of profits and employment. The share of firms that earned profits reduced to a 6-year-low in FY20. More worryingly, the aggregated profit of profit-making firms decreased while the aggregated loss of loss-making firms increased. The downward spiral of consistent loss-makers such as BSNL and Air India continued, resulting in heavy job losses in the public sector. The workforce of the CPSEs reduced by two lakh in two years. Close to 66.8% of the CPSEs made profits in FY20 — the lowest share in the last five years. The graph shows the share of profit/loss-making CPSEs.