* Ratio is calculated based on latest financial & current share price.
(All Amount in INR Millions)
(All Amount in INR Millions)
(All Amount in INR Millions)
Kannur International Airport Pvt Ltd. is a pre-IPO company promoted by the Government of Kerala. The aim of establishing Kannur International Airport was to build and operate the airport on international standards, catering to the travelling needs of the large NRI population who frequently travel to different overseas destinations. The authorised share capital of the company is Rs. 350 Cr, and the paid-up capital is Rs. 13,383,690,200. incorporated in December 2009, the company has been a growing company and offering a golden opportunity to investors to invest in their unlisted shares.
Kannur International Airport Limited has been known for its modern infrastructure and well-equipped facilities. The Kerala government and private investors, such as GVK Power and Infrastructure Limited and the Federal Bank Limited own it. Apart from state-of-the-art infrastructure, this airport has immense participation in environmental sustainability by reducing carbon footprints. The airport’s terminal building has a capacity of more than 1800 passengers per hour, making it the biggest airport in India.
Kannur International Airport is owned and operated by Kannur International Airport Limited (KIAL), an unlisted public company. KIAL was established with equity participation from various stakeholders, including the Government of Kerala, Non-Resident Indians (NRIs), industrialists, and financial institutions. As of mid-August 2024, it has around 9,327 shareholders.
Kannur International Airport unlisted shares have been doing great for the past few years. Earlier the kannur airport unlisted share price was available at Rs. 118 per equity share, then it went up to Rs. 120 per equity share, but today the kannur airport share price today is Rs. 150 per equity share, which shows that the company is capable of offering high revenue to its investors. So, as a potential investor, you can invest in the Kannur International Airport unlisted shares to reap the benefits of the investment. Let’s understand the KIA unlisted share prices over the past few years through the graph shown below.
For FY 2023-24, Kannur International Airport Limited unlisted share prices witnessed ups and downs over the year. It was recorded at Rs. 112 per equity share in January 2023, kept fluctuating at a small margin, and came down to Rs. 100 per equity share by the end of December 2023. By September 24, the price again recovered & rose to Rs 146. So, there are no major downfalls recorded for share prices.
The company saw its revenue decline in the 2023-24 financial year. Their revenue from operations dropped from Rs. 112.65 crore to Rs. 99.23 crore, representing a decrease of 11.7%. The company’s operating performance showed a significant decline in 2023-24. The operating profit dropped sharply from Rs. 16.69 crore to Rs. 4.17 crore – a 75% decrease. The company’s net losses increased from Rs. 126.3 crore in FY23 to Rs. 168.7 crore in FY24, suggesting that despite better day-to-day operations, other costs are still weighing heavily on its bottom line.
According to the Information Memorandum prepared by SBI CAPS, Kannur International Airport is expected to have an annual traffic of 1.65 million international and 0.6 million domestic passengers in FY18-19. However, the company is seeking to serve more than one million passengers annually, and the authorities are expecting to increase the number five-fold by 2025, which will benefit the Kannur Airport share value in the future. Currently, KIAL has a total current passenger handling capacity of 9.34 million per annum.
Since its inception, the company has been performing well and doing great financially as well. If you want to buy the Kannur International Airport unlisted shares, connect with Stockify today. We help you with the buying and selling process of unlisted shares and ease your experience with us.
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In October 2023, despite the decline in trends in the aviation industry, Kannur International Airport Limited exhibited consistent resilience performance. As per the month-on-month analysis, the airport witnessed a surge in passengers traveling through international routes such as Dubai, Bahrain, Sharjah, and Doha. It projects the key development and great service landscape provided by the airport to enhance international as well as domestic travel. Despite the challenges, airports keep on accelerating modern technology adaptability while fostering connectivity to major locations in India. As the expansion grows at a rapid rate, it reflects a positive outlook for Kannur International Airport Limited’s unlisted shares for investors to leverage their portfolio returns.
The experts at Stockify regularly update Kannur International Airport unlisted share price. Our experts possess extensive knowledge of the grey and stock market and keep monitoring the fluctuation in share prices. The Kannur International Airport unlisted share price today is Rs. 152 per share. To learn more about regular unlisted share prices, you can subscribe to our newsletter today. Knowing about the prices will make your investment easy and stress-free. Connect with us today for more information.
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