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Details regarding the performance of KSTC


Observations on the Performance of Kerala State Textile Corporation (KSTC):

  • The corporation’s paid-up capital remained constant at ₹1863.19 lakh throughout the 2019–24 period.

  • Total borrowings showed a continuous rise, increasing from ₹37,553.98 lakh in 2019–20 to ₹59,049.93 lakh in 2023–24, indicating growing financial dependency.

  • Production and sales values peaked in 2021–22 at ₹13,666.53 lakh and ₹13,263.76 lakh respectively, before declining sharply in subsequent years.

  • Despite increased borrowing, KSTC continued to incur heavy losses each year, with a net loss of ₹6,126.66 lakh in 2023–24.

  • Accumulated losses expanded significantly from ₹40,431.1 lakh in 2019–20 to ₹62,785.54 lakh by 2023–24, reflecting persistent operational and financial stress.