CPSE Dividends Hit Record ₹69,873 Crore in FY25
Why in the news
Dividends received from Central Public Sector Enterprises (CPSEs) hit an all-time high in FY25, nearing ₹70,000 crore.
Top payers in FY25
| Company | Dividend (₹ crore) |
|---|---|
| Coal India | 10,252.09 |
| ONGC | 10,001.97 |
| Telecommunications Consultants (India) | 3,761.50 |
| Hindustan Zinc | 3,619.06 |
| BPCL | 3,562.47 |
Revised dividend policy
- Minimum payout: 30% of PAT or 4% of net worth, whichever is higher, subject to legal provisions.
- Financial sector CPSEs: at least 30% of PAT.
- This is only a floor; higher payouts are encouraged after weighing profitability, capex needs, cash reserves, net worth and leverage.
Profit and payout trends
- Public Enterprises Survey: 212 operating CPSEs earned ₹3.43 trillion in FY24, up 48% from ₹2.18 trillion in FY23.
- 12 PSBs paid ₹27,830 crore (up 33%) in FY24; the government got ₹18,013 crore, about 65%.
- PSBs’ record FY24 net profit: ₹1.41 trillion; April-December FY25: ₹1.29 trillion.
- SBI gave over 40% of PSB profit in FY24: ₹61,077 crore, up 22% from ₹50,232 crore.
- Dividend receipts rose from ₹31,691.91 crore in FY15; total since FY15 is ₹531,453.23 crore.
Exam angle
- Benchmark: 30% of PAT or 4% of net worth.
- Top two payers: Coal India, ONGC.