With a sterling track record and sound management practices, the Oil & Gas PSUs are known to hold the key to economic prosperity of the nation. The 2018 Fortune India list of India’s Most Profitable PSUs – the listing of the 50 top Government-owned entities – has thrown up a list of high-performing PSUs with an aggregate gross profit of a staggering Rs. 2,62,354 crore. A much-loved company and possibly the largest customer-facing company in the world, IndianOil holds the second position in the list, while ONGC leads the pack.
It is remarkable to note that the top 10 PSUs account for an overwhelming 72% of the total gross profit figure. The profitable Oil and Gas Sector sends in as many as five of the top 10 entries that includes BPCL, HPCL and GAIL, apart from the top two – ONGC and IndianOil.
IndianOil also features prominently among the Top 10 PSUs on various significant financial health parameters such as asset efficiency, revenue per employee, Return On Net Worth, Return on Equity/Return On Capital Employed, Earnings Per Share & Profit-Earnings Ratios, etc. IndianOil was also among the top 10 companies with the highest dividend payouts, highest market capitalisation besides clocking the highest rate of growth in market capitalisation.