Press release on the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2025
Awaiting price reaction for this filing.
GMR Airports Limited reported strong FY25 results, with total income up 18% YoY to INR 10,836 Cr and EBITDA up 22.5% YoY to INR 4,188 Cr. Q4FY25 total income rose 16% YoY to INR 2,977 Cr with EBITDA up 19% YoY to INR 1,123 Cr. Passenger traffic across GAL-owned airports hit a record 120.5 mn in FY25 (up 9% YoY), with Delhi Airport at 79.3 mn and Hyderabad Airport at 29.5 mn. Key positives included AERA's Final Tariff Order for Delhi Airport (Control Period 4), effective April 16, 2025, expected to boost aero revenue and cash flows; completed acquisition of Fraport's 10% stake in DIAL, raising GAL's holding from 64% to 74%; a INR 283.5 Cr interim dividend from Hyderabad Airport; and credit rating upgrades from S&P (to BB) and Fitch (to BB+). The company reported a consolidated loss after tax of INR 817 Cr for FY25 (continuing operations), mainly due to high interest and finance charges of INR 3,705 Cr.
Strong revenue and EBITDA growth, record passenger traffic, a favorable Delhi tariff order, credit rating upgrades, and a completed stake buyback in DIAL are positive for shareholders. However, the bottom-line loss and high finance costs remain concerns, though improved tariffs should support future profitability.