GMR Airports Infrastructure Share Price

GMR Airports Infrastructure Limited

GMR Airports Infrastructure Limited is the airports business vertical of GMR Infrastructure Limited, one of India’s leading infrastructure enterprises. The company develops and operates airports across India and key international geographies. With a portfolio of strategically located airports, GMR Airports continues to strengthen connectivity both domestically and globally.

Company Overview

Headquartered in New Delhi, GMR Airports Infrastructure Limited was incorporated in 2019 as a subsidiary of GMR Infrastructure Limited to focus exclusively on the airports business.

Key People

• Grandhi Kiran Kumar, Managing Director
• SGK Kishore, Executive Director

Airport Locations Delhi, Hyderabad, Goa, Greece

Operational Airports

GMR Airports manages world-class airport infrastructure at the following locations:

Delhi International Airport

• India’s busiest airport located in the national capital region
  
• Joint venture with GMR Group (64%), Fraport AG (10%), Government of India (26%)
  
• Three operational terminals handling over 70 million passengers annually
  
• Ranked 1st in ACI's ASQ survey for airport service quality
  

Rajiv Gandhi International Airport, Hyderabad

• Located in Telangana, one of the fastest growing states
  
• Joint venture with GMR Group (63%), Government of Telangana (13%), Malaysia Airports Holdings Berhad (11%), Private Equity (13%)
  
• Handled over 21 million passengers in FY 2019-20
  

Mactan Cebu International Airport, Philippines

• Located on Mactan Island, Philippines
  
• Joint venture with GMR Group (40%) and Megawide Construction Corporation (60%)
  
• Handles over 12 million international and domestic passengers annually
  

Crete International Airport, Greece

• Greenfield project at Heraklion, Crete, Greece
  
• Consortium with GMR Airports Limited (55%), TERNA S.A. (30%), Copelouzos Group (15%)
  
• Concession period 35 years
  

Mopa International Airport, Goa

The Mopa International Airport, now officially known as Manohar International Airport, commenced operations in January 2023. The airport was inaugurated by Prime Minister Narendra Modi on December 11, 2022, and began handling domestic flights from January 5, 2023, with international operations starting later in July 2023.

The initial capacity of the airport is 4.4 million passengers per year under Phase 1, with plans to gradually expand capacity through subsequent phases. By late 2024, the airport's capacity was expected to reach 8 million passengers annually, and further expansions are planned to accommodate up to 13.1 million passengers per year by 2045.

Financial Performance

GMR Airports Infrastructure Limited has demonstrated a mixed financial performance recently, reflecting both growth in operational metrics and challenges in profitability, which is reflected in the GMR Airports Infrastructure share price. Below is a summary of its financial performance.

FY24 Performance

• Revenue from Operations ₹2,023 crore, a 46.1% increase year-on-year (YoY), driven by higher passenger traffic and operational improvements.
  

• EBITDA ₹1,279 crore, up 94.3% YoY, indicating improved operational efficiency.
  

• Net Profit (PAT) ₹277 crore for FY24, a significant improvement from a net loss of ₹58 crore in FY23, reflecting better cost management and increased revenue generation.
  

Q4 FY24 Highlights

• Total Income ₹551 crore, up 41.6% YoY from ₹389 crore in Q4 FY23.
  

• EBITDA ₹327 crore, marking a 240.4% YoY increase from ₹96 crore in Q4 FY23.
  

• Net Profit (PAT) ₹34 crore, compared to a net loss of ₹58 crore in Q4 FY23.
  

Operational Metrics

Passenger Traffic Handled 25 million passengers in FY24, up 19.3% YoY.

Domestic traffic increased by 12.7%. International traffic grew by 17.4%.

Recent Quarterly Results (Q3 FY25)

Net Income ₹2,081 crore for Q3 FY25.

PAT ₹202 crore for the quarter, showcasing continued improvement in profitability.

Key Developments

• The company has been focusing on expanding its airport operations domestically and internationally while integrating technology to enhance efficiency.
  

• GMR Hyderabad Airport launched an AI-enabled operations center to optimize airport management.
  

These results highlight GMR Airports' recovery and growth trajectory post-pandemic, supported by increased passenger traffic and operational efficiencies.

Growth Drivers

• Several factors contribute to the growth potential of GMR Airports

Increasing Passenger Traffic

• Air passenger traffic in India expected to cross 400 million by 2040
• New routes and expanding middle class driving growth

Tourism Potential

• India aims to build 100 new airports to boost tourism
• Goa airport to tap into large inbound tourist traffic

Cargo Opportunities

• Cargo volumes growing steadily
• New dedicated cargo terminals planned

Tech Innovation

• Digital transformation across passenger processing and cargo handling
• Focus on automation, analytics, passenger apps

Commercial Development

• Retail, real estate, parking, advertising revenue streams
• Enhanced airport commercial experience

ESG Initiatives

GMR Airports aims to achieve long-term sustainable growth through its ESG efforts.

Environment

• Renewable energy installations at airports
• Zero waste to landfill certifications
• Water recycling and conservation

Social

• Community development programs in education, health, livelihoods
• Supporting local businesses through airport opportunities

Governance

• High standards of corporate governance and transparency
• Regular disclosures and communication with stakeholders

Growth Strategy

GMR Airports plans to unlock growth opportunities through.

• Expanding airport capacity via new terminals
  
• Developing airport cities with commercial assets
  
• Enhancing domestic and global airline connectivity
  
• Leveraging technology to improve operational efficiency
  
• Pursuing selective acquisitions and development projects
  

With its operational excellence, financial management and strategic growth plans, GMR Airports is well-positioned to capitalize on India’s booming aviation market.

Brief Overview

GMR Airports Infrastructure Limited has firmly established itself as one of the leading airport operators in India and globally. Its marquee airports in Delhi and Hyderabad serve millions of passengers each year with high service standards and quality infrastructure.

The company is now gearing up for the next phase of growth with projects like Goa Airport. Supported by the strong aviation market growth in India, GMR Airports has a robust platform to continue creating world-class airport infrastructure.