Financial Performance Summary of Kannur International Airport FY24

Financial Performance Summary of Kannur International Airport FY24
Planify Author
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Planify Author

Financial Analyst Intern
Publish Date3 November 2024
Reading time1 Min

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Kannur International Airport faced financial setbacks in FY24, with declining revenue, growing losses, and reduced asset and equity values, pointing to financial challenges.

  • Revenue Decline: Kannur International Airport's total revenue dropped by 11.91% to ₹99.23 crore, indicating challenges in income generation.

  • Increased Losses: The company’s PAT declined by 33.49%, leading to a net loss of ₹168.56 crore, while EPS dropped by 33.51% to -₹12.59, reflecting reduced shareholder value.

  • Decline in Assets and Equity: Total Assets and Total Equity decreased by 4.15% and 22.04%, respectively, indicating weakened financial stability.

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