Kochi: Cochin International Airport Limited (CIAL) has reported an impressive financial performance for the last financial year ending March 31, 2024. The company achieved a total income of Rs 1,014.21 crores, up from Rs 770.91 crores in the previous year, marking a substantial growth of 31.6%.
As per a press release from CIAL, profit before tax surged to Rs 552.37 crores from Rs 357.30 crores, reflecting a significant increase of 54.6%. Additionally, the net profit after tax reached Rs 412.58 crores, a remarkable rise from Rs 267.17 crores 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 crores, constructing a commercial zone at a cost of Rs 162 crores, and extending the domestic terminal.