During the year 2020-2021, the operations of your Company was severely affected by the spread of Covid -19 pandemic. The financial year 2020 – 21 of CIAL had begun under the influence of the pervasive virus in the world. The total revenue for the year ended 31.03.2021 was Rs.252.71 crores. The Company earned an operating profit of Rs. 67 crores during 2020-21 as against Rs.423.84 crores during 2019 – 20 with a downfall of 84.19%. After charging interest on borrowed funds, your company made a cash profit of Rs.15.59 crores during the financial year 2020 – 21.

The financial year 2020 – 21 began with a 21 day long nation-wide lockdown due to the Covid -19 pandemic imposing suspension of all operations of the airport except few rescue flight operations. In May 2020, the Indian government introduced the Vande Bharat Mission to bring back stranded Indians from abroad. The country has a bilateral air bubble arrangement with 28 nations currently for flying special international passenger flights. Even though, these two initiatives created a positive impact on the operations of CIAL especially during the third quarter of Financial Year 2020 – 21, that promising state could not persist due to the hit of Covid-19 second wave. Further, foreign carriers could operate their non-scheduled cargo flights to and from six Indian cities – Delhi, Mumbai, Kolkata, Chennai, Bengaluru and Hyderabad only, resulted into a dip in the volume of cargo handled at CIAL.