AAI's Record Profit: Rs.50 Bn in 2023-24

05 Apr 2024 CW Team

The Airports Authority of India (AAI) has achieved a historic milestone by posting its highest-ever profit of ?50 billion in the fiscal year 2023-24. This significant accomplishment underscores the AAI's robust financial performance and effective management strategies amidst challenging economic conditions.

The record-breaking profit reflects the AAI's relentless efforts to enhance operational efficiency, optimise resources, and capitalise on emerging opportunities in the aviation sector. Despite facing various headwinds, including the impact of the COVID-19 pandemic on air travel, the AAI has demonstrated resilience and adaptability in achieving remarkable financial success.

The substantial profit generated by the AAI is expected to have positive implications for the development and expansion of India's aviation infrastructure. It provides a strong financial foundation for undertaking crucial infrastructure projects, modernising existing airports, and enhancing passenger amenities across the country.

The AAI's unprecedented profit also signifies its pivotal role in driving the growth and sustainability of the aviation industry in India. As a key stakeholder in the sector, the AAI plays a crucial role in facilitating air travel, promoting regional connectivity, and supporting economic development nationwide.

Looking ahead, the AAI remains committed to furthering its mission of providing world-class airport infrastructure and services while maintaining profitability and financial stability. With a strong financial performance in 2023-24, the AAI is well-positioned to continue its contribution to the growth and progress of India's aviation sector.

Infrastructure Urban

04 Aug 2026

TCC Concept Reports 480% Revenue Growth in Q1FY27

TCC Concept has reported strong financial performance for the first quarter of FY27, with revenue from operations rising 480% year-on-year to Rs 1,283 million.The company’s EBITDA increased 158% year-on-year to Rs 463 million, with an EBITDA margin of 36.1%. Profit after tax (PAT) grew 34% year-on-year to Rs 126 million during the quarter.The growth was supported by continued execution across TCC’s integrated ecosystem spanning consumer commerce, supply chain, digital infrastructure, cloud, PropTech and AI-led platforms.Pepperfry continued to strengthen its omnichannel expansion stra..

ANHAD Developers Appoints Akash Lakhina as Sales Head

ANHAD Developers has appointed Akash Lakhina as Head of Sales, Marketing and CRM as the company strengthens its leadership team ahead of its entry into Gurugram’s premium residential market.The appointment follows Adil Altaf taking charge as CEO of the group’s real estate vertical. Lakhina will be responsible for driving the company’s sales, marketing and customer relationship initiatives for its upcoming luxury developments.With nearly three decades of professional experience, Lakhina brings expertise across multiple industries, including over a decade in luxury real estate. His experie..

BXB Estates Records AED 110 Million Luxury Villa Sale in Dubai

BXB Estates has completed a record AED 110 million residential transaction at Jumeirah Golf Estates, marking the highest-value residential sale in the history of one of Dubai’s most prestigious communities.The transaction, negotiated by Alfie Tabrez, Managing Partner, BXB Estates, surpasses the previous record of AED 58 million for a completed ready villa.The six-bedroom luxury residence features a built-up area of 21,714 sq ft on a 15,873 sq ft plot. The property includes nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace. Its wellness facilit..