GMR Airports Infrastructure Ltd Q4 FY25 Results

Summary

GMR Airports Ltd. has reported its Q4FY25 and FY25 results with a 9% YoY growth in pax traffic. The total pax traffic at GAL owned airports increased to 31.5 mn in Q4FY25 and 120.5mn in FY25. The total income increased by 16% YoY to INR 2,977 Crs in Q4FY25 and 18% YoY to INR 10,836 Crs in FY25. EBITDA increased by 19% YoY to INR 1,123 Crs in Q4FY25 and 22.5% YoY to INR 4,188 Crs in FY25. Key developments include the issuance of the Final Tariff Order for CP4 with respect to DIAL, the acquisition of 10% equity stake in DIAL from Fraport, and the acquisition of 70% stake in ESR GMR Logistics Park Private Limited. The Hyderabad Airport has declared an interim dividend of INR 7.5/share.

Key Highlights

1. 1

   9% YoY Pax Traffic Growth

2. 2

   Total Pax Traffic at GAL owned airports increased by 9% YoY to 31.5 mn in Q4FY25 and 9% YoY to 120.5mn in FY25

3. 3

   Total Income increased by 16% YoY to INR 2,977 Crs in Q4FY25 and 18% YoY to INR 10,836 Crs in FY25

4. 4

   EBITDA increased by 19% YoY to INR 1,123 Crs in Q4FY25 and 22.5% YoY to INR 4,188 Crs in FY25

5. 5

   Tariff Order for Delhi International Airport Ltd. (DIAL) for Control Period (CP) 4 issued by AERA

6. 6

   GMR Airports Ltd. (GAL) had entered into a Share Purchase Agreement with Fraport AG Frankfurt Airport Services Worldwide (“Fraport”) towards acquisition of 10% equity shareholding of DIAL (a subsidiary of GAL)

7. 7

   GMR Hyderabad International Airport Ltd. (GHIAL) entered into a Share Purchase Agreement (SPA) to acquire 70% stake in its associate company, ESR GMR Logistics Park Private Limited (“EGLPPL”)

8. 8

   GMR Hyderabad Aerotropolis Limited (“GHAL”), a wholly owned subsidiary of GHIAL, already holds 30% stake in EGLPPL

9. 9

   GMR Hyderabad International Airport Ltd., a subsidiary of GAL, in its board meeting held on 24 Jan’25 has declared an interim dividend of INR 7.5/share