Published Paper Details:

This study critically analyses the financial health of energy sector UPPCL and non-energy sector UPSRTC, two important service sector public enterprises of Uttar Pradesh. The main objective of this study is to analyse and compare the financial performance of UPPCL and UPSRTC. This study adopts descriptive and analytical research design to conduct the study. Financial data related to UPPCL is collected through form its financial statements available on its website while the financial reports of UPSRTC were obtained from Luckow regional office of UPSRTC. This study employed the financial ratios of profitability, efficiency, long-term solvency and short-term liquidity. The findings indicate that the two service sector firms differ significantly in their financial performance. The results bring to forth that in the considered period UPPCL is profitable, efficient, solvent and long-term and not has enough liquidity for short term obligations. Whereas, UPSRTC is in losses, more efficient, insolvent and long-term and having enough liquidity for short term obligations. The major limitations of the study is availability and of data and its scope in terms of analysis of two PSEs in UP. The future researchers may expand the scope of the research both in terms of data and number of PSEs from various sectors and state.