The demand draft for the amount was handed over to Chief Minister Pinarayi Vijayan by Water Resources Minister Mathew T Thomas, who is also a director of the airport company.
In the 2015-16 financial year, CIAL's income had touched Rs 524.5 crore and the profit after tax was Rs 175.22 crore, a CIAL press release said.
From 2004-05, the company had been handing over the state share without fail.
The shareholders have been given a dividend of 25 per cent during the fiscal.