The number of public sector undertakings (PSUs) operating profitably under the Kerala State Industries Department has increased to 27, according to the recent half-yearly review of PSUs conducted in the presence of Industries Minister P Rajeev. In October, 27 PSUs recorded profits, a rise from 25 PSUs during the April–September period. This steady increase in the number of profit-making PSUs highlights positive progress in Kerala’s public sector enterprises, an Industries Department press note said.
Compared to the same period last year, 14 additional PSUs have turned profitable, and 7 PSUs have seen an increase in their profits. Turnover has grown by 9.07%, with 32 PSUs reporting higher turnover figures. The total operating profit for the PSUs stands at ₹27.30 crore, reflecting an increase of ₹82.09 crore over the previous year. In the same period last year, only 11 PSUs were profitable.
The number of PSUs generating net profit has risen to 17, up from 9 last year. Additionally, the total turnover of Kerala’s PSUs has increased to ₹2,440.14 crore, up from ₹2,299 crore in the previous year, according to the report.
Among the 48 PSUs in Kerala, Chavara KMML recorded the highest operating profit of ₹4,548.64 lakh, with an operating profit of ₹1,461.24 lakh in October alone.
Keltron also reported an operating profit of ₹1,268.20 lakh, marking a significant turnaround from the losses it incurred last year. Similarly, Keltron ECL earned an operating profit of ₹1,184.59 lakh.
Several PSUs have successfully expanded their business operations in recent months. Kerala Automobiles Limited (KAL) has entered the electric scooter market through a joint venture. Meanwhile, KSDP opened a marketing center to ensure the availability of quality medicines. KEL has expanded its business by securing new orders, including those from the Karnataka government. KCCPL has diversified its product range, further boosting its business.
Coir Corporation has increased its profits by opening marketing outlets in various premium locations, including Lulu Mall, and achieved a turnover of ₹60 lakh.
In the recent state budget, the government allocated ₹42.50 crore to public sector undertakings (PSUs) to meet their legal obligations towards workers. This support is aimed at ensuring that PSUs remain financially stable and capable of addressing any statutory dues or worker-related expenses.
Kerala’s PSUs have set a benchmark for public sector enterprises across India, with a clear focus on innovation, growth, and social responsibility. Their continued success and diversification not only demonstrate the resilience of Kerala’s public sector but also establish a strong foundation for future progress.
