https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

CAG Report: Energy & Finance PSUs Drive Rs 2.69 Lakh Crore Profit in FY22; ONGC, IOCL, NTPC Lead

Petroleum, Power, and Finance PSUs Account for Nearly 70% of CPSE Profits in FY22
Indian Masterminds Stories

New Delhi: Central Public Sector Enterprises (CPSEs) in the petroleum, power, and financial sectors dominated government company earnings in the fiscal year 2021-22, contributing nearly 70 percent of the total net profits, according to the latest performance audit report released by the Comptroller and Auditor General (CAG) of India.

Key Sectors Fuel Majority of PSU Earnings

The comprehensive CAG report, tabled in Parliament, revealed that out of the total Rs 2,69,307 crore profits earned by 258 CPSEs in FY22, the 90 enterprises operating in petroleum, power, and financial services generated Rs 1,86,317 crore – accounting for 69.18% of total PSU profits. This underlines the continuing dominance of core energy and finance sectors in India’s public sector landscape.

Top Profit-Making CPSEs Lead Earnings Chart

Leading the pack, Oil and Natural Gas Corporation Ltd (ONGC) posted a massive net profit of Rs 40,306 crore, followed by Indian Oil Corporation Ltd (IOCL) with Rs 24,184 crore, and NTPC Ltd which recorded Rs 16,677 crore. Other major contributors included Power Grid Corporation of India Ltd (Rs 16,016 crore) and State Bank of India (Rs 15,470 crore).

Combined, these five top performers generated over Rs 1.12 lakh crore – more than 41% of total government company profits, highlighting their critical role in the PSU ecosystem.

Other Significant Contributors

Apart from the top five, petroleum sector firms such as Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) delivered profits exceeding Rs 10,000 crore each, at Rs 11,681 crore and Rs 10,682 crore respectively. Coal India Ltd, representing the mining sector, also posted a significant Rs 17,378 crore net profit.

Petroleum Sector Leads Market Capitalisation and Dividend Contributions

The petroleum and natural gas sector dominated not just in profits but also in market valuation and dividend payouts. As of March 2022, petroleum CPSEs had a combined market capitalisation of Rs 5.44 lakh crore, representing 34.24% of the total CPSE market cap and recording the highest absolute market cap gain of Rs 1.13 lakh crore or 26.44% during FY22.

Furthermore, nine petroleum CPSEs contributed Rs 37,833 crore in dividends, comprising over one-third (34.07%) of the total dividend payouts by all government enterprises.

Dividend Non-Compliance and Market Cap Movements

Despite strong financial performance, the CAG pointed out non-compliance with Centre’s dividend directives by 45 CPSEs that had sufficient reserves but failed to declare dividends. This non-compliance resulted in a Rs 5,811 crore shortfall in government dividend receipts.

Additionally, the report noted shifts in CPSE market classifications: one Small Cap entity was promoted to Mid Cap, three Mid Cap CPSEs moved to Large Cap, while one Large Cap slipped to Mid Cap. The year ended with 13 Mid Cap and 10 Large Cap CPSEs.

Public Sector Stocks Outperform Broader Markets

The strong performance of CPSEs was reflected in their stock market returns, with the S&P BSE-CPSE Index surging 27.17% in FY22, outperforming the broader S&P BSE Sensex gain of 18.3%. This highlights growing investor confidence in government enterprises, especially in petroleum, power, and finance sectors.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Kerala-police-resized
Kerala Govt Transfers 7 IPS Officers; Vigilance SP in Ajith Kumar Case Among Key Moves
GAIL PSU
GAIL India Announces ₹5,350 Crore Jamnagar-Loni LPG Pipeline Expansion to Strengthen Clean Fuel Network 
SP Vaid
Former J&K DGP SP Vaid Supports CDS Anil Chauhan’s Statement on 1962 War: “Use of IAF Could Have Blunted Chinese Attack”
HURL interim dividend FY26
Historic Dividend Payout: HURL Marks Milestone with Rs 1,343 Crore Interim Dividend, Reflecting Strong Growth
bureaucracy news
IRS Amrutha Varshini Palla Appointed Deputy Secretary in Economic Affairs; R. Rajagopal to Drive Railway Electrification; Rohit Kumar Singh Joins ASCI Board
Sameer Wankhede defamation suit Netflix
IRS Officer Sameer Wankhede Files Rs 2 Crore Defamation Suit Over Aryan Khan’s Netflix Series
Haryana gov resized
Haryana Govt Assigns Jhajjar District to IAS Shekhar Vidyarthi; IAS Hema Sharma Gets Additional Charge of Settlement Commissioner Cases
AI Training
Government to Launch AI Training Programme for Bureaucrats to Strengthen Future-Ready Governance
ADVERTISEMENT
ADVERTISEMENT
Videos
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
Dr. S.K
Technology Meets Ecology: IFS Dr S K Srivastava’s Game-Changing Innovations in Forest Management | Eco Warrior Awards 2025 Interview
IFS Uttam Kumar Sharma Interview
From Extinction to Exhilaration: The Untold Story and Future Vision of Project Cheetah | Led by IFS Uttam Kumar Sharma | Eco Warrior Awards 2025
ADVERTISEMENT
UPSC Stories
Abhay Daga IPS UPSC Success Story
IIT Graduate, Microsoft Alum, Actor, to Cracking UPSC CSE: The Story of Abhay Daga
Read the inspiring journey of Abhay Daga, an IIT graduate, Microsoft alum, and actor, who cleared UPSC...
Rishav Awasthi MPPSC Risabh Awasthi MPPCS
Family’s Dream, His Determination: How Small-Town Dreamer Rishav Awasthi Conquered MPPSC 2024 with Rank 2 | Exclusive
After two failed attempts, Rishav Awasthi secured Rank 2 in MPPSC 2024, driven by family support, self-study,...
Harshita Dave MPPSC 2024
The Girl Who Turned Dreams Into a Deputy Collector Post at 22: Meet MPPSC 2024 Women Topper Harshita Dave
At just 22, Harshita Dave topped MPPSC 2024, becoming the women topper and securing Rank 5. Her journey...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Kerala-police-resized
Kerala Govt Transfers 7 IPS Officers; Vigilance SP in Ajith Kumar Case Among Key Moves
WhatsApp Image 2025-09-25 at 15.19
Praful Khoda Patel: From Gujarat’s Political Corridors to the Helm of India’s Western and Island Territories
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Siddhartha Saxena UPSC CAPF
Dr. S.K
IFS Uttam Kumar Sharma Interview
ADVERTISEMENT
ADVERTISEMENT