GMR Airports in focus after increasing its stake in Delhi International Airport

The stock of the leading airport operator of India, in which GQG Partners have invested, is in focus after it has bought a 10 percent stake from a German-based airport operator.

Share Price Movement

With a market capitalization of Rs. 77,407 Crore, the stock of GMR Airports opened at Rs. 72.90 around the same level as yesterday’s closing price of Rs. 72.82, and later it made a high of Rs. 74.18 up 1.86 percent. Additionally, the 1-year return for the stock is -11 percent, and the 5-year return is an impressive 340 percent.

Stake Acquisition Update

Company said that they have completed the process of transfers of shares and exchange of consideration between them and the German-based company Fraport AG.

Post the completion of the share purchase agreement, GMR’s Shareholding in Delhi International Airport now stands at 74 percent from the earlier 64 percent. 

Financial Highlights

The company reported a 19.12 percent YoY increase in revenue from Rs. 2,227 Crore in Q3FY24 to Rs. 2,653 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 6.33 percent in revenue from Rs. 2,495 Crore in the previous quarter.

The company reported a turnaround from a loss of Rs. 486.4 Crore in Q3FY24 to Rs. 202.10 Crore profit in Q3FY25. Similarly, on a QoQ basis, the company also reported a turnaround from a loss of Rs. 429 Crore in the last quarter to a Rs. 202 Crore Profit in the Current quarter.

About the Company

GMR Airports Limited, formerly known as GMR Airports Infrastructure Limited, is a prominent global airport developer and operator headquartered in New Delhi, India. With over two decades of experience, GMR has established itself as a leader in designing, constructing, and managing world-class, sustainable airports. 

The company’s portfolio includes major airports such as the Indira Gandhi International Airport in Delhi, Rajiv Gandhi International Airport in Hyderabad, and Mactan Cebu International Airport in the Philippines. 

Written By Abhishek Das

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post GMR Airports in focus after increasing its stake in Delhi International Airport appeared first on Trade Brains.