CIAL net profit soars 54% to Rs412.58cr for FY24

CIAL Net Profit Surges 54% to Rs412.58 Crore in FY24.

Expert Analysis:

• Net Profit Growth: CIAL's net profit increased by 54.43%, from Rs267.17 crore to Rs.412.58 crore in FY24.

• Dividend Recommendation: The board recommended a Rs 4.5 per share dividend based on approval. 

• Financial Performance Overview: Revenue grew by 25.25% from Rs759.37 crore to Rs951.10 crore.. Total expenses increased from Rs413.60 crore to Rs461.84 crore, at a slower rate than revenue growth.

• Aero Revenue & UDF Growth: Aero revenue rose from Rs478.85 crore to Rs620.43 crore, with the User Development Fee (UDF) increasing by two-thirds, from Rs114.60 crore to Rs189.78 crore, accounting for 31% of the aero revenue.

• Infrastructure Projects: CIAL completed the Import Cargo Complex and initiated seven mega projects.