CPSE report card: Profitability up on lower wage bill, ‘other expenses’

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Published: February 11, 2020 3:00:37 AM

A dip in wage bill (thanks to VRS and reduced hiring) and a 27% decline in ‘other expenses' improved balance sheets.

mutual fund, MF, loan against mutual fund, loan against securities, how to get loan against MF, equity MF, debt MF, mutual fund redemption, market risk, long-term investment, short-term investment, overdraft facilityA dip in wage bill (thanks to VRS and reduced hiring) and a 27% decline in ‘other expenses’ improved balance sheets.

CPSEs posted a 15.5% rise in their combined net profit in FY19, compared with a 1.3 % decline in FY18.

A dip in wage bill (thanks to VRS and reduced hiring) and a 27% decline in ‘other expenses’ improved balance sheets.

However, these firms’ share in BSE M-cap fell 15% in the year.

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