GMR Airports Infrastructure Ltd (GMRINFRA)

GMR Airports Reports Increase in Passenger Traffic - 18 Jul, 2024

GMR Airports Infrastructure Ltd has reported an 8% YoY increase in passenger traffic for June, with domestic and international traffic rising by 6.4% and 12.8% respectively. Aircraft movements also grew by 6% YoY.

GMR Airports Reports Increase in Passenger Traffic and Improved Financial Performance - 17 Jul, 2024

GMR Airports reported an 8% increase in passenger traffic for June YoY, with domestic traffic up by 6.4% and international traffic up by 12.8%. The company's financial performance has shown massive improvements over the previous year, with a net loss of Rs 167.6 crore for Q1 FY23-24 compared to Rs 638.9 crore last year. Revenue from operations rose by 29.5% to Rs 2,446.8 crore.

GMR Airports Unaffected by Canopy Collapse at Delhi Airport T1s - 09 Jul, 2024

Jefferies has a buy call on GMR Airports with a target of Rs 100 per share. The recent canopy collapse at Delhi Airport T1s has temporarily moved most of the T1 air traffic to T2 & T3, but intl traffic and related revenue streams remain unaffected.

Bosch Global Software and GMR Group Partner for Smart Metering Program - 08 Jul, 2024

Bosch Global Software Technologies (BGSW) and GMR Group have partnered to deploy approximately 7.5 million smart meters in Agra, Varanasi, and Prayagraj. BGSW will hold a 10% stake and GMR Group will hold 90% stake in the Special Purpose Vehicles (SPVs). The program aims to enhance electricity distribution infrastructure.

Airport Maintenance Spend Drops Despite Rise in UDF - 05 Jul, 2024

Civil works maintenance spends for AAI and GMR-led Delhi International Airport Ltd have declined despite a rise in user development fee (UDF) charged from passengers. With climate change creating havoc, questions around safety of Indian airports and need for structural audits has come to the fore.

GMR Airports Reports 29.14% YoY Growth in Net Sales - 02 Jul, 2024

GMR Airports reported a consolidated net sales of Rs 2,446.78 crore for March 2024, up by 29.14% YoY. However, the company's quarterly net loss increased to Rs 120.97 crore in March 2024 from Rs 441.47 crore in March 2023. The stock has given returns of 32.01% over the last six months and 130.51% over the last twelve months.

GMR Airports Faces Setbacks as Roof Collapses Twice in a Day - 28 Jun, 2024

GMR Airports Infrastructure Ltd faces setbacks as the roof of Delhi Airport Terminal 1 collapsed twice in a day due to heavy rain. One person died and eight were injured. Additionally, its subsidiary GHVEPL settled a dispute with NHAI for Rs 1,387.21 crore.

GMR Airports Infrastructure Stock Hits Over 16-Year High - 27 Jun, 2024

Shares of GMR Airports Infrastructure hit an over 16-year high of Rs 101.20, gaining 3% on the BSE in Thursday's intraday trade. The stock has rallied 6% in the past two days and is trading at its highest level since January 2008.

GMR Airports Infrastructure Ltd Shows Strong Revenue Growth - 26 Jun, 2024

GMR Airports Infrastructure Limited has a P/S ratio of 6.6x, higher than half of all Indian infrastructure companies. The company's revenue grew by 31% in the last year and is estimated to grow by 25% per year for the next three years, compared to the industry average of 13%. Shareholders are confident in future revenues, supporting the high P/S ratio.

Delhi Airport Equips Terminal 3 with Electronic Gates for Fast-Track Immigration - 23 Jun, 2024

GMR Group-owned Delhi airport has installed eight electronic gates in its Terminal 3 to facilitate fast-track immigration. The number of counters may be increased based on demand.

Motilal Oswal Picks GMR Infra as Technical Pick - 19 Jun, 2024

Brokerage firm Motilal Oswal has identified GMR Airports Infrastructure Limited (GMR Infra) as a technical pick for 2-3 days with a target of Rs 105, indicating a potential rise of 7-8% from the current price.