Cochin International Airport Limited

About Cochin International Airport Limited (CIAL) Company profile and FY2025-26 performance data. All figures sourced from CIAL's 32nd Annual Report for the year ended 31 March 2026. Overview Cochin International Airport Limited (CIAL) owns and operates Cochin International Airport at Nedumbassery, Kochi — Kerala's busiest airport and one of India's leading gateways for international traffic. Incorporated in 1994, CIAL was the first greenfield airport in India developed under a public-private partnership model, built without central government funding. Its equity was raised from the public — including a large base of non-resident Keralites in the Gulf, local businesses and individual investors. The Government of Kerala is the promoter with a 33.38% shareholding; the balance is held by more than 18,000 private and NRI shareholders. The company is a public limited company but is not listed on any stock exchange. The airport commenced commercial operations in 1999. In 2015 it became the world's first fully solar-powered airport, a distinction recognised with the United Nations' Champion of the Earth award. CIAL operates three passenger terminals, a dedicated cargo terminal and a business jet terminal, and is served by over 25 airlines connecting Kochi to more than 30 international and 25 domestic destinations. Company Information Legal name Cochin International Airport Limited CIN U63033KL1994PLC007803 Incorporated 1994 Registered office Room No. 35, 4th Floor, GCDA Commercial Complex, Marine Drive, Cochin – 682 031, Kerala Website www.cial.aero Airport codes COK (IATA) / VOCI (ICAO) Chairperson Shri. V. D. Satheesan Managing Director Shri. S. Suhas, IAS Executive Director & CFO Shri. Saji Daniel Company Secretary Shri. Rajiv K. Statutory Auditors M/s. Varma & Varma, Chartered Accountants Equity shares outstanding 47,82,18,400 shares of ₹10 each Paid-up share capital ₹478.22 crore Promoter Government of Kerala – 33.38% Employees (as at 31.03.2026) 544 (423 male, 121 female) FY2025-26 Financial Performance Standalone Particulars FY2025-26 FY2024-25 Change Total Income ₹1,219.96 cr ₹1,142.17 cr +6.81% Operating Expenditure ₹374.62 cr ₹320.10 cr — Operating Profit (EBITDA) ₹845.34 cr ₹822.07 cr +2.83% Cash Profit ₹816.73 cr ₹786.42 cr +3.85% Profit Before Tax ₹674.66 cr ₹657.56 cr +2.60% Profit After Tax ₹502.21 cr ₹489.85 cr +2.52% FY2025-26 marked CIAL's highest-ever gross income and its first-ever annual profit above ₹500 crore. Consolidated (CIAL and subsidiaries) Particulars FY2025-26 FY2024-25 Change Revenue from Operations ₹1,401.49 cr ₹1,309.95 cr +6.99% Total Income ₹1,492.22 cr ₹1,402.30 cr +6.41% EBITDA ₹906.58 cr ₹880.66 cr +2.94% Profit Before Tax ₹709.55 cr ₹692.80 cr +2.42% Profit After Tax ₹526.75 cr ₹515.54 cr +2.17% Earnings Per Share ₹11.01 ₹10.78 +2.13% Balance Sheet and Returns (Standalone) Particulars As at 31.03.2026 Net Worth ₹2,791.74 cr Total Assets ₹3,670.82 cr Cash and Bank Balances ₹935.64 cr Total Borrowings ₹276.98 cr Net Cash Position ₹658.66 cr Return on Equity 18.0% Book Value per Share ₹58.38 Dividend The Board has recommended a dividend of 55% on the paid-up value of equity shares (₹5.50 per share) for FY2025-26, subject to shareholder approval at the Annual General Meeting. The total dividend outgo is ₹263.02 crore, representing a payout ratio of approximately 52% of standalone profit after tax. FY2025-26 Operational Performance Passenger Traffic Sector FY2025-26 FY2024-25 Change International 54,01,939 52,69,721 +2.51% Domestic 60,40,644 59,26,244 +1.93% Total 1,14,42,583 1,11,95,965 +2.20% CIAL handled over one crore passengers for the fourth consecutive year. Aircraft Movements Sector FY2025-26 FY2024-25 Change International 31,505 31,820 −0.99% Domestic 41,629 44,248 −5.92% Total 73,134 76,068 −3.86% Revenue Composition (Standalone, FY2025-26) Aeronautical revenue: ₹742.30 crore (65%) Source ₹ crore User Development Fee 235.99 Landing Fee 190.93 Royalty 129.79 Inline X-Ray Screening Charges 61.81 Cargo Operations 52.84 CUTE Charges 52.02 Aerobridge Charges 16.14 Parking & Housing Fee 2.77 Non-aeronautical revenue: ₹399.11 crore (35%) Source ₹ crore Rent & Services 273.81 Concessionaire income from CDRSL 116.68 Trade Fair Centre 3.62 Golf Course and related facilities 3.17 Security Training Fees 1.47 Royalty and other income 0.36 Group Structure CIAL operates through four subsidiaries and one associate company. Entity Holding Business FY26 Turnover FY26 PAT CIAL Dutyfree and Retail Services Ltd (CDRSL) 99.90% Duty-free and travel retail ₹333.20 cr ₹2.55 cr CIAL Infrastructures Ltd (CIL) 99.99% Infrastructure, tourism and power projects ₹42.74 cr ₹11.05 cr Cochin International Aviation Services Ltd (CIASL) 99.99% MRO and aviation training ₹39.86 cr ₹14.34 cr Air Kerala International Services Ltd (AKISL) 99.99% Proposed low-cost carrier — (₹0.01 cr) Kerala Waterways and Infrastructures Ltd (KWIL) 49.99% Associate — inland waterways — — CIASL holds maintenance approvals from DGCA India, EASA, GCAA UAE and several other civil aviation regulators, and operates two narrow-body hangars certified for C-check maintenance on Airbus A320-family and Boeing 737 aircraft in partnership with Airworks India. It is an accredited Airports Council International (ACI) training partner. CDRSL was formed in 2016 to expand duty-free and travel retail operations beyond Cochin Airport to multiple international travel locations. CIL undertakes infrastructure and tourism projects, and operates the group's renewable energy assets. Sustainability and Renewable Energy CIAL became the world's first fully solar-powered airport in 2015 and remains one of Kerala's significant renewable energy producers. Solar capacity: 50 MWp total — 38.5 MWp at CIAL premises and 11.5 MWp at Payyannur Hydro capacity: 4.5 MW Arippara Small Hydro Electric Plant, Kozhikode district FY26 solar generation billed: 475.49 lakh units FY26 hydro generation: 13.542 million units CO₂ emissions avoided in FY26: 35,0