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  3. Cochin Airport turnover touches Rs 1000 crore

Cochin Airport turnover touches Rs 1000 crore

5 Sept 2024

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Key Takeaways

CIAL's 31.6% income growth and substantial ₹722 crore expansion plans underscore its strong financial performance and future prospects.

CIAL's 31.6% income growth and substantial ₹722 crore expansion plans underscore its strong financial performance and future prospects.

cochin international airport

Cochin International Airport

2.02%

Expert Analysis

Cochin Airport Achieves ₹1,000 Crore Turnover.

Expert Analysis:

  • Total Income Growth: CIAL achieved a total income of ₹1,014.21 crore, a substantial 31.6% increase from ₹770.91 crore in the previous year.

  • Profit Before Tax: Profit before tax surged to ₹552.37 crore, marking a 54.6% growth from ₹357.30 crore.

  • Net Profit After Tax: Net profit after tax reached ₹412.58 crore, up 54.4% from ₹267.17 crore in the previous year.

  • Future Development Plans: Expansion of the International Terminal is planned at an estimated cost of ₹560 crore, alongside constructing a commercial zone at ₹162 crore and extending the domestic terminal.

Publisher:Goa Chronicle