GMR Airports Q3 results: Net profit at Rs 202 crore driven by growth in passenger traffic at major airports
GMR Airports Ltd (GAL) reported a net profit of Rs 202.1 crore for the October-December quarter of FY25, reversing the Rs 486.4 crore loss recorded in the same period last year. This recovery was driven by growth in passenger traffic at major airports, including Delhi, Hyderabad, and Mopa in Goa, as well as improved operational performance.
Revenue from operations increased by 19.2% to Rs 2,653.2 crore, compared to Rs 2,226.7 crore in Q3 FY24. The increase was primarily due to higher passenger traffic and tariff adjustments, with expenses rising slightly to Rs 1,661.5 crore from Rs 1,558.1 crore due to ongoing expansion projects.
EBITDA grew 48.3% to Rs 991.7 crore in the third quarter, up from Rs 668.6 crore in the same period last year. The EBITDA margin also improved to 37.4%, up from 30% in Q3 FY24, it said in an exchange filing.
The company operates major airports, including Delhi, Hyderabad, and Mopa in Goa, while also managing international operations in Medan (Indonesia), Cebu (Philippines), and Crete (Greece). The strong results were driven by growth in passenger numbers and increased revenues at Delhi and Hyderabad airports, coupled with significant gains from the relatively new Mopa airport in Goa.
On Tuesday, GMR said, Delhi Airport (DIAL) saw an 8.1% increase in passenger traffic, reaching 20.3 million. This contributed to a rise in revenue to Rs 1,430 crore, up from Rs 1,323 crore, with EBITDA increasing by 6.2% to Rs 435 crore. DIAL continues to be a major contributor to GMR Airports’ overall
