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GMR Airports Ltd (GAL) reported a widened consolidated loss of INR 253 crore for the final quarter of FY25, compared to INR 168 crore during the same period last year, even as total income rose to INR 2,977 crore. For the full fiscal year, however, the company's loss marginally narrowed to INR 817 crore. The operator, which manages key airports including those in Delhi, Hyderabad, Goa's Mopa, and Medan in Indonesia, saw a 9% year-on-year increase in passenger traffic. A new tariff order, effective from mid-April, is expected to enhance revenues and profitability in the coming years.
GMR Airports Ltd (GAL) reported a deeper consolidated loss of INR 253 crore for the three-month period that ended recently, despite a rise in total income during the same span. The company had incurred a loss of INR 168 crore during the corresponding quarter a year earlier. These figures are post-tax and pertain to continuing operations. Advertisement
As per a recent regulatory disclosure, GAL's total income rose to INR 2,977 crore in the fourth quarter of FY25, up from INR 2,570 crore in the same quarter of the previous year. Despite the quarterly setback, the company's full-year performance showed slight improvement, with its net loss narrowing to INR 817 crore for FY25, compared to INR 829 crore in the prior fiscal.
GAL, which operates the airports in Delhi, Hyderabad, and Mopa in Goa, noted a 9% year-on-year surge in total passenger traffic, reaching 31.5 million for the fourth quarter and 120.5 million for the entire fiscal year.
In addition to its Indian operations, GAL also runs the Medan Airport in Indonesia and is involved in the development of Crete Airport in Greece. Domestically, the company is constructing the Bhogapuram Airport in Andhra Pradesh, signalling its continued infrastructure expansion.
Regarding the Delhi airport operations, GAL conveyed that the latest tariff directive issued by the Airports Economic Regulatory Authority (AERA) for the fourth control period, which will extend until the end of March 2029, is expected to substantially boost aeronautical revenues, enhance overall profitability, and strengthen cash flow both for Delhi International Airport Ltd (DIAL) and GAL. The new tariff regime came into effect from mid-April.
The company remarked that had the tariff order been implemented within FY25, both DIAL's and GAL's financial performance would have shown stronger results. DIAL is the operator of the Indira Gandhi International Airport (IGIA) in the national capital.
Meanwhile, GAL's shares witnessed a decline of over 2%, trading at INR 87.08 apiece during late afternoon hours on the Bombay Stock Exchange.
The company continues to diversify its portfolio, both geographically and operationally, by managing international airports and developing new ones. GAL's strategic infrastructure developments and regulatory tailwinds position it to potentially rebound more strongly in the forthcoming fiscal periods, provided execution and market conditions remain favourable.
Source - PTI
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