GMR Airports Infrastructure Ltd

(GMRINFRA)

GMR Airports Infrastructure Faces Significant Stock Decline - 21 Nov, 2024

GMR Airports Infrastructure's stock price fell by 5.10% to Rs 76.42, resulting in a market cap loss of Rs 4,337 crore, totaling Rs 80,691.69 crore.

GMR Airports Reports Strong October Traffic Growth - 19 Nov, 2024

GMR Airports Infrastructure shares rose after reporting over 10.7 million passengers in October 2024, marking a 9.2% year-on-year increase. The company achieved record passenger traffic and aircraft movements, indicating robust growth in both domestic and international travel.

GMR Airports Reports Growth and New Airport Development - 18 Nov, 2024

GMR Airports Infrastructure Ltd. reported a 9.2% year-on-year increase in passenger traffic for October 2024, handling over 10.7 million passengers. Additionally, the Telangana government sanctioned ₹205 crore for the development of Mamnoor Airport after GMR issued a no objection certificate.

GMR Airports Faces Correction with Negative Returns - 15 Nov, 2024

GMR Airports stocks are currently in a correction phase, with support levels at Rs 75 to 76. A stop loss is suggested at Rs 72. Year-to-date, the stock has seen a negative return of 4.43% in 2024.

Promoter Stake Increase and Revenue Growth for GMR Airports - 13 Nov, 2024

In Q2FY25, GMR Airports Infrastructure's promoter increased their stake to 66.07%. The company reported a 20.93% revenue growth, reaching ₹2,495.46 crore, and the stock has risen by 39.49% over the past year.

GMR Airports Pursues Inorganic Growth Opportunities - 07 Nov, 2024

GMR Airports Infrastructure is actively seeking overseas inorganic opportunities, particularly in the Middle East and South Asia, while also exploring brownfield projects in India. Regulatory clarity has improved, positioning India's airport sector favorably for growth.

GMR Airports CIO Appointed ACI Asia Pacific President - 04 Nov, 2024

SGK Kishore, Executive Director and Chief Innovation Officer of GMR Airports, has been appointed as the new president of ACI Asia Pacific and Middle East, effective January 1, 2025, for a two-year term.

GMR Group Anticipates Profitability for Delhi Airport - 31 Oct, 2024

GMR Group expects the Delhi airport to become profitable by FY27, driven by a proposed tariff hike and projected 15% revenue growth. The new tariffs are anticipated to be implemented soon, enhancing passenger yield significantly.

GMR Airports Reports Loss Amid Tariff Expectations - 30 Oct, 2024

GMR Airports Infrastructure reported a net loss of ₹428.8 crore for Q2 FY25, up from ₹190.4 crore last year. Despite this, the company anticipates a 19% YoY growth in gross income and plans to refinance substantial promoter debt with long-term financing from Abu Dhabi Investment Authority. The Delhi airport tariff is expected to be notified by March 2025, following a consultative paper release.

GMR Airports Reports Strong Sales Growth - 28 Oct, 2024

GMR Airports reported significant growth in September 2024, with standalone net sales up 332.23% year-on-year. However, the company also faced net losses.

GMR Airports Reports Significant Q2 Losses - 25 Oct, 2024

GMR Airports Infrastructure reported a consolidated net loss of Rs 429 crore in Q2FY25, up from Rs 190.4 crore in Q2FY24, despite a 20.93% increase in sales to Rs 2495.46 crore.

GMR Airports Reports Loss Amid Revenue Growth - 24 Oct, 2024

GMR Airports Infrastructure Ltd reported a widening net loss in Q2 despite revenue growth. The company secured ₹6,300 crore from ADIA for debt refinancing.

GMR Airports Secures Major Investment, Shares Surge - 23 Oct, 2024

GMR Airports Infrastructure Ltd. announced a ₹6,300 crore investment from ADIA to refinance debt, leading to a significant rise in share prices. The Supreme Court clarified AERA's authority, further boosting investor confidence.