14 more Kerala PSUs turn profitable in 2025, 32 record higher turnover

Kochi: The number of profit-making public sector undertakings (PSUs) under the Kerala Industries Department has increased to 27, officials said on Monday, following the department’s half-yearly performance review meeting.

The figures were presented in the half-yearly review meeting of PSUs held in the presence of Industries Minister P Rajeev. According to a press release, only 25 were profitable during the April-September period, but two more were profitable in October.

Compared to 2024, 14 more PSUs have become profitable, while the Industries department reports that 7 PSUs have increased profit margins. The press release also said that sales revenue rose by 9.07 per cent, with 32 PSUs recording higher turnover.

“The total operating profit stood at ₹27.30 crore, marking an increase of ₹82.09 crore compared to last year. During the same period last year, only 11 PSUs were in profit,” the press release reads.

According to the statement, the total turnover of the PSUs increased from ₹2,299 crore in the previous year to ₹2,440.14 crore. Among the 48 PSUs, Chavara-based KMML (Kerala Minerals and Metals Ltd) recorded the highest operating profit of ₹4548.64 lakh. In October alone, it posted an operating profit of ₹1461.24 lakh. 

Keltron followed with an operating profit of ₹1268.20 lakh, overcoming losses from the previous year, officials said. Meanwhile, Keltron ECL earned an operating profit of ₹1184.59 lakh.

“The PSUs have set a national benchmark through their operational excellence. Keltron has emerged as one of the country’s leading public sector firms in defence, aerospace, electronics, and AI-based technology,” the press release said.

Kerala Automobiles Limited entered the electric scooter market through a joint venture.

“In the last budget, ₹42.50 crore was allocated to PSUs to settle statutory liabilities of employees. The review also noted that 32 PSUs have implemented safety audits,” the press release added.

The Industries Department, Principal Secretary APM Mohammed Hanish, Officer on Special Duty Annie Thomas, and the Managing Directors of various PSUs attended the meeting.