GMR Airports Infrastructure Reports Significant Growth in Passenger Traffic
In August 2024, GMR Airports Infrastructure experienced a notable 9% increase in passenger traffic across its network, surpassing 10.6 million travelers compared to the same month last year.
Domestic and International Traffic Surge
The growth was driven by a robust domestic traffic rise of 7.4% year-on-year (YoY), while international travel saw an impressive jump of 12.9% YoY during the same period.
Delhi and Hyderabad Airports Lead the Way
Delhi Airport emerged as the busiest hub, accommodating approximately 6.3 million passengers—a rise of 8% YoY. Meanwhile, Hyderabad Airport recorded around 2.3 million passengers for the month, marking a significant increase of 14% YoY.
Increase in Aircraft Movements
Aircraft movements also reflected this upward trend with an overall increase of 8% YoY in August, totaling about 69,786 flights.
GMR Airports: A Leader in Aviation
As Asia’s largest private airport operator and the second-largest globally, GMR Airports plays a pivotal role in aviation infrastructure development. A subsidiary of GMR Airports Infrastructure (previously known as GMR Infrastructure), it has Groupe ADP as its strategic partner with a substantial stake of 49%. The company manages Delhi Airport—India’s largest and fastest-growing airport—and Hyderabad Airport—renowned for its innovative greenfield design and technological advancements. Additionally, it oversees Manohar International Airport (Mopa) in Goa—the first destination airport established in India.
Financial Performance Overview
Despite these operational successes, GMR reported a consolidated net loss amounting to Rs 337.57 crore for Q1 FY25 compared to a net profit of Rs 15.45 crore during Q1 FY24. However, revenue from operations showed positive momentum with an annual growth rate of approximately 19%, reaching Rs 2,402.20 crore for the quarter ending June 2024.
Stock Market Response
On September 13th, shares rose by approximately 2.20%, closing at Rs96—a reflection of investor confidence amidst fluctuating financial results.
Disclaimer: This content was generated independently without involvement from any Business Standard journalist.
