Cochin International Airport Ltd has released its financial result for FY2022-23

26 July 2024

The substantial increase in revenue by 87% can be attributed to the impressive growth of non-aero income, collection of User Development Fee (UDF) and the increase in aeronautical tariffs as per the approved tariff card by the Airports Economic Regulatory Authority (AERA). In the current fiscal year, the Company has experienced an exceptional surge in profits, reaching the highest level ever recorded in the history of CIAL. This year, we have achieved a remarkable profit of Rs. 265.08 crores. This surpasses our previous highest profit of Rs. 215.12 crores earned in the year 2019 - 20.