Profitability Performance of Punjab State Warehousing Corporation

Rashpaljeet Kaur ., Dr. Rajinder Kaur .

Abstract


This paper examines the profitability performance of Punjab State Warehousing Corporation (PSWC). The data from 2000-01 to 2012-13 has been collected from secondary sources for the study. The data has been analyzed with the help of ratio analysis. The profitability performance of PSWC has been studied on the basis of various variables of profitability like Income from Warehousing Charges to Total Income, Interest Income to Total Income, Other Income to Total Income, Establishment Expenses to Total Expenses, Interest Expense to Total Expenses, Operating Expenses to Total Expenses, Operating Profit/Loss Ratio, Gross Profit/Loss Ratio, Net Profit/Loss Ratio, Return on Assets, Return on Shareholders’ Equity or Net Worth. The study reveals that the PSWC showed the profitability only in 2000-01 and 2002-03 which was also quiet low and in other years of study period, the Corporation was in losses due to rise in expenses, deficit from procurement of paddy and wheat, underutilization of warehousing facilities and inefficiency of the management in running operations.

Keywords


Warehousing charges, Profitability, Total income, Total expense, Losses, PSWC.

Full Text:

PDF

References


Annual reports of PSWC from 2000-01 to 2009-10.

Atmanand (1997), Productivity and Management of State Level Public Enterprises in India, Mittal Publication, New Delhi, First Edition, Part-2, pp. 608-623.

Grewal, Ramanjeet Kaur (1990), Organisation and Working of the Haryana Warehousing Corporation, PhD thesis submitted to Punjab University, Chandigarh.

Khan, M.Y. and Jain, P.K. (2005), Financial Management, Tata McGraw-Hill Publishing Company Ltd., New Delhi, pp. 4.15 to 4.21.

Kumar, Sanjeev (2010), Performance Measurement Systems in Indian Banking Sector, PhD thesis submitted to Punjabi University, Patiala, p. 76.

Kaur, Jagmeet (2010), Growth and Performance of Commercial Banks in India, M.Phil dissertation submitted to Punjabi University, Patiala, p. 30.

Mishra, Pasanna Kumar and Misra, Devi Prasad (2005), Role of Warehouses in Indian Economy, Kalpaz Publications, New Delhi.

Mishra, R.K.and Kumari, Ch. Lakhshmi and Navin, B. and Geeta, P. (2006), Economic Liberlisation and Public Enterprises, Concept Publishing Company, New Delhi, First Edition, pp. 106-118.

Momin, G.W. (1972), Central Warehousing Corporation, Lok Udyog, September, pp. 81-83.

Nayar, Anita (1992), Profitability and Profit Planning in Commercial Banks, PhD thesis submitted to Punjabi University, Patiala, p. 31.

Pandey, I.M. (2009), Financial Management, Vikas Publishing House Pvt. Ltd., New Delhi.

Patil, Mallikarjunagouda S. (2007), Performance of Warehousing in Karnataka-A Comparative Analysis, M.B.A. dissertation submitted to University of Agricultural Sciences, Dharwad.

Vashisht, A.K. and Pasricha, J.S., Management Accounting and Business Finance, Sharma Publications, Amritsar, p. 97.

www.pswcorp.com

pswc.in


Refbacks

  • There are currently no refbacks.




Editorial Office:

Educational Research Multimedia & Publications,
S.N. 21, Plot No 24, Mirza Ghalib Road Malegaon Nasik,
Maharashtra India - 423203.
+919764558895 (whatsapp),
editor@scholarshub.net, www.scholarshub.net

Copyrights © 2010-2020 - ERM Publications, India     

This work is licensed under https://creativecommons.org/licenses/by-sa/4.0/