After grappling with a 15% drop in aggregate net profit in FY23, Central Public Sector Enterprises (CPSEs) turned the tide in FY24, posting a remarkable 47% growth in net profit, driven primarily by the petroleum sector’s stellar performance. The 272 operating CPSEs reported a combined net profit of ₹3.22 lakh crore in FY24, a sharp rise from ₹2.18 lakh crore in FY23. Dividend payouts by Central Public Sector Enterprises (CPSEs) increased by 16.3% to ₹1.23 lakh crore in FY24, highlighting their stronger financial performance. However, gross revenue fell by 4.7% to ₹36.08 lakh crore, signaling mixed results in operational performance. The Centre’s capital management approach led to a 121% jump in the market capitalisation of listed CPSEs, which reached ₹37.23 lakh crore by March 31, 2024, up from ₹16.85 lakh crore the previous year. Salary and wages grew by 4% to ₹1.72 lakh crore, the workforce structure underwent a shift. Regular employee numbers dropped by 3.1% to 0.81 million, while contractual workers increased by 8.8% to 0.7 million. Research and Development (R&D) expenditure witnessed a 50% jump to ₹10,813 crore.