Key Takeaways
- Cochin Airport achieves Rs 1000 crore turnover, marking significant growth in financial performance.
- Profit before tax surges to Rs 552.37 crores, reflecting a significant increase of 54.6%.
- CIAL plans to expand the International Terminal, construct a commercial zone, and extend the domestic terminal for future development.
Kochi: Cochin International Airport Limited (CIAL) has reported an impressive financial performance for the fiscal year ending March 31, 2024.
The company achieved a total income of Rs 1,014.21 crore, up from Rs 770.91 crore in the previous year, marking a substantial growth of 31.6%.
Profit before tax surged to Rs 552.37 crores from Rs 357.30 crore, reflecting a significant increase of 54.6%.
Additionally, the net profit after tax reached Rs 412.58 crore, a remarkable rise from Rs 267.17 crore in the previous year, indicating robust growth of 54.4%.
CIAL has already charted out plans for future development, including expanding the International Terminal at an estimated cost of Rs 560 crore, constructing a commercial zone at a cost of Rs 162 crore, and extending the domestic terminal.
