 "loans, rates, interest, investment, returns, earnings, growth, loss, profit")
The net profit of operating central public sector enterprises (CPSEs) fell 34.6 per cent year-on-year (YoY) to Rs 93,295 crore in financial year 2019-20 (FY20) as against a profit of Rs 1.42 trillion the previous year.
This was mainly attributed to a sharp reduction in the profits of petroleum refiners and marketing cognate groups, where it reduced from Rs 32,142 crore in FY19 to Rs 3,230 crore in FY20.
According to the Public Enterprises Survey 2019-20, which was tabled in Parliament on Wednesday, 84 loss-making CPSEs widened their losses by 41 per cent in FY20 to Rs 44,817
This was mainly attributed to a sharp reduction in the profits of petroleum refiners and marketing cognate groups, where it reduced from Rs 32,142 crore in FY19 to Rs 3,230 crore in FY20.
According to the Public Enterprises Survey 2019-20, which was tabled in Parliament on Wednesday, 84 loss-making CPSEs widened their losses by 41 per cent in FY20 to Rs 44,817
