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CPSE net profits up 47% in FY24
Financial Express Hyderabad
|December 21, 2024
● Petroleum firms boost earnings; m-cap up 121%
AFTER a 15% decline in aggregate net profit in FY23, the Central Public Sector Enterprises (CPSEs) posted a robust 47% annual growth in net profit in FY24, thanks to a surge in profits of petroleum sector firms.
The operating CPSEs, totaling 272, reported an aggregate net profit of ₹3.22 lakh crore in FY24, compared with ₹2.18 lakh crore in FY23.
Oil and Natural Gas Corporation (ONGC) recorded the highest profit at ₹40,526 crore in FY24, marginally up on year. ONGC was closely followed by Indian Oil, which reported 3.8 times profit growth at ₹39,619 crore.
यह कहानी Financial Express Hyderabad के December 21, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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