GMR Airports Ltd
About
GMR Airports Limited is Asia’s largest airport operator and a part of the GMR group. The company was founded in 1996 by Founder Chairman GM Rao. GMR Airports is currently spearheaded by Airport Sector Chairman GBS Raju. The company is headquartered in Gurgaon, Haryana.GMR Airports operates several major airports across India including the cities of Delhi, Hyderabad, Goa and Karnataka. The company also manages the Kualanamu International Airport in Indonesia and provides technical services to Mactan Cebu International Airport in the Philippines.Groupe ADP became a strategic partner and co-promoter of GMR Airports in 2020 in the company’s attempt to establish a global airports alliance. The company oversees airport security through its subsidiary RAXA Security Services Limited
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 9542 24.5% | 7665 52.5% | 5025 26.3% | 3980 -56.9% | 9238 10.1% | 8393 -9.5% | 9274 -10.2% | 10330 18.8% | 8696 -24.2% | 11470 -10.5% | 12813 11.8% | 11464 31.1% | 8744 27.4% | 6862 40.8% | 4873 17.5% | 4146 - |
| Net Operating Income (INR Cr) | 8755 31.18% | 6674 45.06% | 4601 29.02% | 3566 -57.52% | 8395 13.28% | 7411 -13.39% | 8556 -10.47% | 9557 15.69% | 8261 -25.49% | 11088 4.08% | 10653 6.80% | 9975 17.72% | 8473 31.05% | 6465 41.58% | 4567 13.62% | 4019 75.15% |
| Profit (INR Cr) | -559 - | -179 - | -1023 - | -2797 - | -2429 - | -3581 - | -1364 - | -564 - | -2713 - | -2733 - | 10 -88.6% | 88 - | -603 - | -930 - | 158 -43.3% | 279 - |
| Assets (INR Cr) | 41950 8.6% | 38633 17.9% | 32777 -21.0% | 41481 10.0% | 37705 18.8% | 31747 1.2% | 31358 -0.7% | 31562 -35.3% | 48811 -18.1% | 59612 2.2% | 58324 3.4% | 56394 12.7% | 50026 41.0% | 35483 19.0% | 29829 43.5% | 20785 - |
| Net Worth (INR Cr) | -2164 -173.0% | -793 3.1% | -818 52.4% | -1718 30.1% | -2459 -442.6% | -453 -113.2% | 3445 -35.5% | 5342 7.0% | 4991 -13.6% | 5773 -11.0% | 6484 -10.9% | 7278 -3.4% | 7538 -1.7% | 7667 15.0% | 6667 2.9% | 6478 5.9% |
| Employee Cost (INR Cr) | 1242 28.2% | 969 28.4% | 755 9.3% | 691 -16.9% | 831 9.4% | 760 10.1% | 690 15.9% | 596 17.6% | 506 -18.3% | 620 7.9% | 574 -6.2% | 612 -11.0% | 688 63.0% | 422 35.7% | 311 24.6% | 250 - |
| Interest Cost (INR Cr) | 2929 | 2338 | 2019 | 1803 | 3545 | 2684 | 2316 | 2128 | 2196 | 3572 | 2972 | 2099 | 1653 | 1230 | 850 | 465 |
| Cash & Bank Balance (INR Cr) | 2826 | 4021 | 3116 | 6413 | 4449 | 1630 | 1979 | 1771 | 2544 | 3904 | 3321 | 5135 | 4256 | 3235 | 1683 | 2467 |
| Total Debt (INR Cr) | 35887 | 32157 | 26633 | 36858 | 34436 | 27575 | 23063 | 21484 | 39444 | 47808 | 45041 | 42349 | 36077 | 21195 | 21171 | 12500 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | - | - | - | - | - | - | - | 0.1% | 0.8% | - | - | 3.3% | 6.7% |
| Profit As % Of Assets | - | - | - | - | - | - | - | - | - | - | 0.0% | 0.2% | - | - | 0.5% | 1.3% |
| Profit As % Of Networth | - | - | - | - | - | - | - | - | - | - | 0.2% | 1.2% | - | - | 2.4% | 4.3% |
| Interest Cost to EBITDA % | 98.8% | 137.1% | 151.2% | - | 237.1% | - | 148.7% | 76.6% | 559.4% | 161.2% | 116.3% | 103.8% | 110.4% | 179.6% | 62.3% | 43.6% |
| Debt to Equity Ratio | - | - | - | - | - | - | 6.69 | 4.02 | 7.90 | 8.28 | 6.95 | 5.82 | 4.79 | 2.76 | 3.18 | 1.93 |
| RONW | - | - | - | - | - | - | - | - | - | - | -19.4% | -7.6% | - | - | 2.4% | 3.6% |
| ROCE | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.4% | 2.7% | 0.0% | 0.0% | 4.0% | 4.4% |