GMR Airports Q3 Results: Net Profit Soars to Rs 202 Crore on Passenger Traffic Growth

GMR Airports Q3 Results: Net Profit Hits Rs 202 Crore as Passenger Traffic Surges

Financial Highlights

GMR Airports Infrastructure reported a robust turnaround in Q3 FY25, with a net profit of Rs 202.1 crore, compared to a loss of Rs 486.4 crore in the same period last year. Key drivers include:

• 19.2% YoY revenue growth to Rs 2,653.2 crore.
• 48.3% surge in EBITDA to Rs 991.7 crore, with margins expanding to 37.4% from 30% YoY.
• Operational efficiency improvements across major airports like Delhi, Hyderabad, and Goa (Mopa).

Airport-Specific Performance

Delhi International Airport (DIAL)

• Passenger traffic rose 8.1% YoY to 20.3 million.
• Revenue increased to Rs 1,430 crore, with EBITDA up 6.2% to Rs 435 crore.

Hyderabad International Airport

• 22.1% YoY growth in passengers to 7.7 million.
• EBITDA jumped 35.1% to Rs 387 crore on higher retail and aeronautical revenue.

Mopa Airport (Goa)

• Revenue soared 76.9% YoY to Rs 124 crore.
• EBITDA reached Rs 63 crore, up from Rs 17 crore in Q3 FY24.

Expansion and International Operations

GMR’s Bhogapuram Airport project in Visakhapatnam achieved 55% completion by December 2024, supported by Rs 3,215 crore in debt financing and Rs 675 crore from NIIF. Internationally:

• Cebu Airport (Philippines): Passenger traffic grew 18.2% YoY to 3.01 million.
• Medan Airport (Indonesia): EBITDA rose 15.5% despite slight traffic declines.

Standalone Operations

While standalone revenue dipped slightly to Rs 270.9 crore, losses narrowed to Rs 49.4 crore (vs. Rs 63.5 crore YoY), and EBITDA improved by 4.9% to Rs 120.7 crore.

Market Outlook

The strong recovery reflects India’s post-pandemic aviation rebound and GMR’s strategic focus on high-growth hubs. Investors should monitor:

• Progress on the Bhogapuram Airport development.
• Margins amid rising operational costs and expansion investments.

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Categories: airport infrastructure earnings, GMR Airports Q3 results, passenger traffic growth