Overview
- Consolidated FY2024-25 results show aggregate revenues fell by about Rs1.4 trillion to Rs12.4 trillion due to weaker oil-sector profitability after lower international prices.
- Government fiscal support rose to roughly Rs2.1 trillion, driven mainly by higher equity injections to partially clear circular debt stock.
- Total portfolio debt reached about Rs9.57 trillion with guarantees and other contingencies near Rs2.16–2.2 trillion, taking combined exposure to around Rs11.7 trillion and highlighting elevated fiscal risk.
- Losses were concentrated in a small number of large entities in transport and power distribution, with the National Highway Authority and several DISCOs identified as major contributors.
- The Cabinet Committee approved the report for publication and directed stricter audit enforcement and full IFRS compliance by February 2026, with unfunded SOE pension liabilities estimated near Rs2 trillion flagged as a legacy risk.