GMR Airports Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- GMR Airports Ltd reported a 5.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 16.9%.
- Its expenses for the quarter were down by 5.5% QoQ and up 5.8% YoY.
- The net profit decreased 147.1% QoQ and decreased 141.6% YoY.
- The earnings per share (EPS) of GMR Airports Ltd stood at 0.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2748.22 | 2598.09 | 2350.66 | 5.8% | 16.9% |
Total Expenses | 2969.41 | 3141.47 | 2807.78 | -5.5% | 5.8% |
Profit Before Tax | 187.41 | -434.65 | -487.55 | -143.1% | -138.4% |
Tax | 44.18 | 42.75 | 21.59 | 3.3% | 104.6% |
Profit After Tax | 202.10 | -428.77 | -486.40 | -147.1% | -141.6% |
Earnings Per Share | 0.20 | -0.30 | -0.50 | -166.7% | -140.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
GMR Airports Ltd is a leading player in the aviation infrastructure sector, primarily focusing on the development and management of airport facilities. The company operates a range of airport assets, providing services that span across passenger handling, cargo operations, and other ancillary services related to airport management. GMR Airports Ltd has been actively involved in the operation of several major airports in India and internationally, contributing to the modernization and efficient functioning of airport facilities. The company is part of the larger GMR Group, which is involved in various infrastructure projects, including energy, transportation, and urban infrastructure. As of the latest available information, GMR Airports Ltd continues to play a significant role in enhancing the aviation infrastructure, although specific recent developments are not detailed in this data set.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), GMR Airports Ltd reported a total income of ₹2748.22 crores. This represents a growth of 5.8% compared to the previous quarter (Q2FY25), where the total income stood at ₹2598.09 crores. On a year-over-year basis, the total income increased by 16.9% from ₹2350.66 crores in Q3FY24. The consistent quarter-over-quarter and year-over-year growth in total income indicates a positive trend in revenue generation for the company during this period. This increase could be attributed to various factors such as increased passenger traffic, higher service charges, or expanded operations, although specific details are not provided in the data.
Profitability
In terms of profitability, GMR Airports Ltd has shown a significant turnaround in its financial performance. The company reported a profit before tax of ₹187.41 crores in Q3FY25, a substantial improvement from the loss of ₹434.65 crores recorded in the previous quarter (Q2FY25). This marks a quarter-over-quarter change of -143.1%. Year-over-year, the profit before tax improved significantly from a loss of ₹487.55 crores in Q3FY24, reflecting a change of -138.4%. The profit after tax for Q3FY25 was ₹202.10 crores, compared to a loss of ₹428.77 crores in Q2FY25 and a loss of ₹486.40 crores in Q3FY24, indicating a notable recovery in net profitability. The earnings per share also shifted positively to ₹0.20 in Q3FY25 from a negative ₹0.30 in Q2FY25 and negative ₹0.50 in Q3FY24, showing a drastic improvement over both periods.
Operating Metrics
Analyzing the operating metrics, GMR Airports Ltd experienced changes in total expenses, which decreased by 5.5% from ₹3141.47 crores in Q2FY25 to ₹2969.41 crores in Q3FY25. Year-over-year, the total expenses increased by 5.8% from ₹2807.78 crores in Q3FY24. The tax expense for Q3FY25 was ₹44.18 crores, showing a slight increase of 3.3% from ₹42.75 crores in Q2FY25 and a significant rise of 104.6% from ₹21.59 crores in Q3FY24. The improvement in profitability metrics, coupled with the reduction in quarter-over-quarter expenses, suggests effective cost management and operational efficiency gains. However, detailed operating ratios such as the debt-to-equity ratio, current ratio, or other specific financial ratios are not calculable from the provided data, as they require additional financial information not included in this data set.
