CIAL Cochin Airport
Cochin International Airport owned by Cochin International Airport Limited is India's first Public-Private Partnership airport. It began its operations on May 25, 1999. This pioneering airport has also gained global recognition as the world's first fully solar-powered airport. Currently, it ranks as the 8th busiest airport in India, with a notable track record.
- Fundamentals
- Key Financials
- Shareholding
- About Co.
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Book Value
₹ 61.88
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EPS
₹ 9.52
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ISIN
INE02KH01019
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Face Value
₹ 10
- Profit & Loss
| (in Rs. Crore) | FY24 | FY23 |
|---|---|---|
| I Revenue from Operations | 95109.65 | 75936.48 |
| II Other Income | 6311.42 | 1154.43 |
| III Total Income (I+II) | 101421.07 | 77090.91 |
| IV Expenses: | ||
| Employee Benefits Expense | 10877.88 | 10306.83 |
| Finance Costs | 4376.99 | 3884.13 |
| Depreciation and amortisation expenses | 13178.37 | 12534.60 |
| Other Expenses | 17750.64 | 14634.97 |
| Total Expenses (IV) | 46183.88 | 41360.52 |
| V Profit before tax (III-IV) | 55237.19 | 35730.39 |
| VI Tax expense: | ||
| a. Current tax | 13600.00 | 4638.14 |
| b. Deferred tax | 379.24 | 4375.37 |
| Total tax Expense | 13979.24 | 9013.52 |
| VII Profit for the year (V-VI) | 41257.95 | 26716.87 |
| VIII Other comprehensive income | ||
| - Items that will not be reclassified to profit or loss | -3804.59 | -279.42 |
| - Income tax relating to items that will not be reclassified to profit or loss | 957.54 | 70.32 |
| IX Total comprehensive income for the year (VII+VIII) | 38410.90 | 26507.78 |
| (Comprising Profit and Other Comprehensive Income for the year) | ||
| Earnings per equity share (Face value of Rs.10 each) | ||
| a) Basic (in Rs. per share) | 8.77 | 6.9 |
| b) Diluted (in Rs. per share) | 8.77 | 6.9 |
| (in Rs. Crore) |
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- 2024
Cochin International Airport owned by Cochin International Airport Limited is India's first Public-Private Partnership airport. It began its operations on May 25, 1999. This pioneering airport has also gained global recognition as the world's first fully solar-powered airport. Currently, it ranks as the 8th busiest airport in India, with a notable track record.
CIAL's innovative approach has yielded impressive results , including being the only Indian airport to turn a profit during the year following the pandemic. The airport's premium pricing strategy, featuring leading domestic brands within its terminal, has provided a significant financial advantage. This strategy enables Cochin Airport to effectively counter competition and invest in cutting-edge research and development.
In terms of recovery from the pandemic, CIAL has demonstrated resilience, with passenger traffic rebounding to 92% and 100% of pre-Covid levels in FY2023 and H1 FY2024, respectively. As a key player in India's aviation sector, Cochin International Airport boasts an impressive array of facilities and services. The airport handles 61.8% of Kerala's total air passenger movement and has connected 31 countries, collaborating with 24 airlines, and welcoming over 10 million passengers annually.
Looking ahead, CIAL has unveiled ambitious plans for expansion and development, including the commissioning of a state-of-the-art Business Jet Terminal, expansion of the international terminal T3, installation of full-body scanners and DigiYatra facial recognition systems, and strategic agreements with prominent hospitality groups.
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Shri. S. Suhas IAS
Managing Director
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Shri. Saji K. George
Executive Director & Company Secretary
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Shri. Saji Daniel
Chief Financial Officer
Source: Company Annual Reports
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