GMR Airports Infrastructure Ltd., a leading airport operator, has announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Total Income: ₹2,570 crore (increased by ₹573 crore compared to Q4FY23)
Net Income: ₹1,963 crore (increased by ₹491 crore compared to Q4FY23)
EBITDA: ₹940 crore (increased by ₹578 crore compared to Q4FY23)
PBT (Before exceptional items & share of JVs): Rs (287) crore (increased by Rs 324 crore compared to Q4FY23)
FY24 Financial Highlights:
Total Income: ₹9,207 crore (increased by ₹1,938 crore compared to FY23)
Net Income: ₹6,860 crore (increased by ₹1,506 crore compared to FY23)
EBITDA: ₹3,418 crore (increased by ₹1,117 crore compared to FY23)
PBT (Before exceptional items & share of JVs): Rs (976) crore (increased by Rs 99 crore compared to FY23)
Key Points:
Significant Growth: GMR Airports Infrastructure Ltd. demonstrated robust growth in both revenue and profitability for Q4FY24 and FY24.
Increased Traffic: The company experienced a significant increase in passenger traffic across its airports, contributing to the revenue growth.
Expansion Projects: GMR Airports is actively pursuing expansion projects at various airports, which is expected to further drive growth in the future.
Debt Reduction: The company has also been focusing on reducing its debt, which has strengthened its financial position.
For further details and analysis, you can refer to the following resources:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/gmr-airports-infrastructure-ltd
GMR Airports Infrastructure Ltd. Investor Relations: https://investor.gmrinfra.com/
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