Cochin International Airport Ltd, India's first greenfield airport, announced its highest operational dividend. The airport was set up in a public-private partnership model in the civil aviation infrastructure sector. In June 2023, the company also reported a net profit of Rs 267.17 crore for FY 22-23. As per the reports, CIAL is now offering a dividend of 35% to its investors.
So, if you also have CIAL shares, this is great news for you. However, it is also essential to understand how it will benefit investors in the long run. In this blog, we will dig deep into the dividend and other details of CIAL's offering to its investors.
Highest Dividend Ever For CIAL Investors
You will be shocked that CIAL recently announced the highest dividend in its 25-year operational history. In the board meeting chaired by Chief Minister Pinarayi Viyajan, it was decided by the members to propose a dividend of 35% to the investors and finalise a balance sheet.
In the meeting, it is also announced that the Annual General Meeting will be held on September 28, subject to the endorsement. Apart from this, the board of CIAL also decided to implement a development strategy for increasing the group turnover to the targeted Rs 1,000 crore.
As it is the ongoing silver jubilee year for the company, the company is expected to reward its investors in the coming months. With this news’ breakdown, Cochin International Airport share price in India also increased and gave a positive sign for the investors.
Financial Report Shared By CIAL For Its Investors
The announcement made by the CIAL in the board meeting is crucial for every investor looking to invest in CIAL unlisted shares. Apart from this, the company also shared the financial metrics that clearly indicated the performance of the CIAL in FY 22-23. As the company announced a dividend of 35% for investors, it is also seen as the result of its good business performance in terms of a high profit of Rs 267.17 crore in the last financial year.
If we analyse the profit statement of CIAL for the last two financial years, it is clear that the company made a strong comeback. In FY 2020-21, the company recorded a loss of Rs 85.10 crore, which decreased to Rs 22.42 crore in FY 21-22. Despite the eventualities caused by the pandemic and economic slowdown, Cochin International Airport share price consistently increased, which showed its stable financial performance.
In addition, CIAL also generated a new stream of revenue and introduced a financial restructuring, which helped the company keep the loss at minimum. The company made various efforts, due to which it generated a huge PAT of Rs 267.17 crore.
Record-breaking Turnover- CIAL Outperformed Its Competitors
The last financial year proved to be one of the best for CIAL in terms of financial performance. Its unlisted share price in India has consistently increased in the last few months. According to recent market data, Cochin International Airport's share price is Rs 195 per equity share. Since the company has various plans for the future, like an infrastructure development strategy, it is expected that CIAL unlisted shares will perform even better.
In the financial year 2022-23, CIAL recorded a turnover of Rs 770.90 crore against its previous turnover, which was Rs 418.69 crore. The company's operating profit before tax and depreciation was Rs 521.50 crore, which marks its record-breaking performance in its 25-year operational history.
As a result, CIAL agreed to offer its investors a 35% dividend, which is great news for those looking to buy unlisted shares of Cochin International Airport Ltd. However, the future performance of CIAl will be detrimental to know the benefits to investors in the coming months.
CIAL Future Growth Plan Every Investor Must Know
During the board meeting, CIAL executives also shared the company's future plans. The major announcement was regarding the commissioning of the new import cargo terminal. It aims to increase cargo handling capacity by up to 150 per cent.
CIAL will also work on the four infrastructure development projects, which will commence in September.
It lays the foundation of the Terminal 3 expansion project, which will cost Rs 500 crore. Cochin International Airport Ltd. is moving towards business growth, positively affecting its unlisted shares price in India.
Invest In CIAL Unlisted Shares For The Future Benefits
Cochin International Airport Ltd showed an exceptional financial performance in the last financial year. The company is now offering its investors a 35% dividend, an all-time high in its operational history. It is the right time to invest in CIAL unlisted shares to reap the future benefits and become a part of the company's growth.
We advise using trusted online unlisted shares trading platforms like Stockify to know every detail of its pre-IPO shares, like Cochin International Airport share price, financial history, and more. The guidance from unlisted share brokers will help you assess risk and make the right investment decision. Want to receive a high dividend on CIAL shares? Buy its unlisted shares now!
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