Financial Performance Summary of Kannur International Airport FY24

03 November 2024

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.