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Net losses for GMR Airports Infrastructure Limited (GIL) widened to ₹337.57 crore, nearly doubling from ₹167.58 crore in Q4 FY24, driven by increased finance costs despite higher revenue. This is a sharp contrast to the net consolidated profit of ₹16.84 crore reported in the first quarter last year.
Revenue from operations for the quarter ending June 30, 2024, grew by 19% to ₹2,402.20 crore, up from ₹2,017.63 crore in the same quarter last year. Total income increased by 18% to ₹2,522.29 crore, compared to ₹2,126.15 crore during the same period.
EBITDA grew to ₹1016.35 crore in the first quarter this fiscal from ₹860.28 crore year-ago quarter. EBITDA is earnings before interest, tax, depreciation, and amortisation. The company’s EBITDA margin slightly declined to 42.31% from 42.64% in the same quarter last year but improved from 38.43% in the March quarter.
October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.
Net profit margins fell sharply from 0.77% in the year-ago quarter to -14.05% in the latest quarter, indicating the company moved from a small profit to significant losses, with profitability worsening from -6.85% in the previous quarter.
Following the merger, Groupe ADP holds 32.3% of the paid-up share capital, GMR promoters own 33.8%, and public shareholders hold 33.9%. The merger of GMR Airports (GAL) was concluded with GMR Airports Infrastructure (GIL) in July 2024.
In India, GIL owns 64% of Delhi Airport, 74% of Hyderabad Airport, and 100% of Bhogapuram Airport. The final agreement for Nagpur Airport is pending, but GIL already fully owns Goa Airport. Internationally, GIL has a 21.6% stake in the under-construction Crete Airport, 49% in Medan Airport, and 33.33% in Cebu Airport.
The company was added to the NSE Nifty India Tourism Index in June 2024, with a weight of 14.8%.
Overall passenger traffic grew by 7.4% to 31.8 million. Mopa Airport saw the highest year-on-year growth at 18.6%, followed by Hyderabad and Delhi airports with 9.5% and 9.4% increases, respectively. Delhi Airport recorded the highest traffic, reaching 19.3 million passengers in Q1 FY25, its highest-ever quarterly total. This surge was largely driven by a 16.6% increase in international traffic and a 4.2% rise in domestic traffic, up from 18.02 million in Q1 FY24.
GMR Infra shares hit an intraday low of ₹92.31, down 3% from the previous day, and opened at ₹94 today. The company’s market capitalisation stands at ₹98,018.97 crore.
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