In India, public enterprises utilize such a large proportion of nation’s resources that they should run efficiently and contribute to the growth of the economy and welfare of the community. Profit making is seldom the primary objective of public undertakings. They are often set up to achieve objectives like building of an infrastructure, stimulating local development, redressing regional imbalance, providing local employment and in some cases, even to satisfy local aspirations. Professor Om Prakash rightly observes: “Public Enterprises are expected to serve the deeper social objectives.” But the relevance of evaluating their performance with reference to their annual financial statements cannot be ruled out. Every business is conducted with a main objective of earning profit. “Perhaps the most important reason for keeping accounts, as far as the management of the business is concerned, is that the information contained in them provides the means of measuring the progress of business, of ‘testing it’s pulse’; and of indicating when and where remedial action, if necessary, shall be taken.” This study will help Rajasthan Financial Corporations in improving their assets-liabilities management efficiency and hence profitability. The suggested ways and means of practical significance for improving the techniques relating to assets-liabilities management, profitability management. Various ratios reflecting the profitability and relationship of various items of profit and loss account has been calculated.