GMR AIRPORTS LIMITED has informed the Exchange regarding a press release dated May 23, 2025, titled "Press Release on Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2025".
GMRAIRPORT · price
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Awaiting price reaction for this filing.
GMR Airports reported strong operational performance for FY25 with total passenger traffic at its airports rising 9% YoY to 120.5 million. Delhi Airport handled 79.3 million passengers and Hyderabad Airport handled 29.5 million, both reaching record highs. Consolidated total income grew 18% YoY to INR 10,836 Crores, while EBITDA rose 22.5% YoY to INR 4,188 Crores in FY25. However, the company posted a consolidated loss of INR 1,424 Crores before exceptional items for FY25, weighed down by high interest and finance charges of INR 3,705 Crores. Key developments include AERA's final tariff order for Delhi Airport (effective April 16, 2025), completion of 10% stake buyback in DIAL from Fraport (raising GAL's stake to 74%), and an interim dividend of INR 283.5 Crores declared by Hyderabad Airport.
The AERA tariff order and increased DIAL ownership are positive for future revenue and profitability, while credit rating upgrades from S&P and Fitch improve the company's borrowing profile. However, investors should note that despite strong top-line growth, the company remains loss-making at the consolidated level due to high interest costs. The Q4FY25 results signal a positive earnings trajectory going into FY26.