Airports Authority of India posts Rs7.96bn net profit in FY2013

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Airports Authority of India (AAI) posted a net profit of rupees 7.96 billion ($133.2 million) in fiscal year 2013, up 8.3% from the Rs7.35 billion profit made a year earlier.

Revenue for the period ended 31 March increased 15% to Rs79.5 billion, up from Rs63.1 billion made in fiscal 2012, says the airport operator.

Passenger traffic at AAI-operated airports grew 6% to 168.9 million, while freight tonnage were up 3% to 2.25 million tonnes. Aircraft movements also rose 3.4% to 1.53 million.

During the fiscal year, AAI completed the development of new passenger terminals cities such as Chennai, Goa, Kolkata, and Ranchi. Modification and upgrading works for the Bhubaneswar and Imphal airport terminals was also completed at the same time, it adds.

AAI operates major airports such as those in Ahmedabad, Chennai, Guwahati, Kolkata and Trivandrum.