AAI reports Rs 34 billion profit, rebounds with surging revenues

23 May 2023 CW Team

The Airports Authority of India (AAI) has bounced back into profitability, reporting a profit of Rs 34 billion in the fiscal year 2022-23 ending in March, propelled by a surge in domestic air traffic. This marks the first profit for AAI since the COVID-19 pandemic severely impacted air travel and the aviation industry as a whole. In the previous two financial years, AAI had reported losses. In the fiscal year ending March 2022, the loss amounted to Rs 8.03 billion, while it stood at Rs 31.76 billion in the fiscal year ending March 2021. These figures exclude exceptional items and taxes.

According to an insider source, AAI's provisional figure for the 2022-23 financial year is a profit of Rs 34 billion, with the final audited results yet to be determined. The source attributes this positive performance to the substantial growth in domestic air traffic. In 2022, domestic air passenger traffic surged by 47.05%, reaching 12.32 crore compared to 8.38 crore in the previous year. Official data reveals that passenger numbers further soared by 51.70% in the first three months of this year, totaling 3.75 crore compared to 2.47 crore in the same period last year.

In the 2021-22 fiscal year, AAI recorded a modest profit of Rs 87.6 million, including exceptional items and taxes. In the fiscal year ending March 2022, the government waived the compulsory dividend payment requirement. AAI had sought this waiver as a result of the waiver granted to Air India before its sale to the Tata Group in January 2022. AAI manages a total of 137 airports, including 24 international and 80 domestic airports. It also provides Air Traffic Management Services (ATMS) across the entire Indian airspace and adjacent oceanic areas.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..