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Delhi airport operator to resume work on runway upgrade
NEW DELHI, June 6 (Reuters) - The operator of Delhi International Airport, one of the world's busiest air hubs, said on Friday it would resume work to upgrade one of its runways after it was forced to cut short earlier efforts due to flight delays.
Delhi International Airport Limited, which is majority owned by GMR Airports GMRI.NS, said the work would take place for three months from June 15 to upgrade a system that helps aircraft land safely in low-visibility conditions.
(Reporting by Abhijith Ganapavaram; Editing by Jan Harvey)
((Email: [email protected]; Mobile: +91-9019785574;))
NEW DELHI, June 6 (Reuters) - The operator of Delhi International Airport, one of the world's busiest air hubs, said on Friday it would resume work to upgrade one of its runways after it was forced to cut short earlier efforts due to flight delays.
Delhi International Airport Limited, which is majority owned by GMR Airports GMRI.NS, said the work would take place for three months from June 15 to upgrade a system that helps aircraft land safely in low-visibility conditions.
(Reporting by Abhijith Ganapavaram; Editing by Jan Harvey)
((Email: [email protected]; Mobile: +91-9019785574;))
MSCI includes India's Coromandel, Nykaa to key index in May rejig
Adds chart 2
By Bharath Rajeswaran
May 14 (Reuters) - MSCI included two Indian companies fertilisers maker Coromandel International CORF.NS and beauty products retailer Nykaa FSNE.NS to its Global Standard index earlier on Wednesday, as part of its May 2025 index rejig.
No Indian stock has been deleted from the key global index. The changes will come into effect as of the markets close on May 30.
The inclusion could bring passive inflows worth $216 million-$227 million into Coromandel and $172 million - $181 million into Nykaa, according to IIFL Alternate Research and JM Financial estimates.
MSCI also added Coromandel and airport operator GMR Airports GMRI.NS into its India domestic index, while removing auto parts maker Sona BLW Precision Forgings SONB.NS.
While the flagship Global Standard index and Indian domestic indexes only saw minor tweaks, MSCI added 11 new stocks to its global small-cap index and deleted 21 stocks.
The more specific MSCI India domestic small-cap index saw the addition of 12 stocks and removal of 21 stocks.
Besides the additions, drug maker Cipla CIPL.NS, telecom infrastructure provider Indus Towers INUS.NS and textiles and chemicals maker Grasim Industries GRAS.NS are likely to see passive inflows of $33 million-$45 million, $36 million-$40 million and about $17 million due to the increase in their weights in the Global Standard index.
Astral could see outflows worth $15 million-$17 million due to weight reduction, according to IIFL Alternate Research and JM Financial estimates.
India's weight in the MSCI Global Standard index rose marginally to 19.4%, according to the IIFL Alternate Research. India had a weightage of about 19% in the index as of the previous revision in February.
In its last rejig in February, MSCI added carmaker Hyundai Motor HYUN.NS and removed Adani Green Energy ADNA.NS from its global standard index.
MSCI May rejig: Key changes for Indian stocks https://reut.rs/3F7bX4y
Potential inflows into Indian stocks added in MSCI India small-cap index https://reut.rs/4kn772i
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)
(([email protected]; +91 9769003463;))
Adds chart 2
By Bharath Rajeswaran
May 14 (Reuters) - MSCI included two Indian companies fertilisers maker Coromandel International CORF.NS and beauty products retailer Nykaa FSNE.NS to its Global Standard index earlier on Wednesday, as part of its May 2025 index rejig.
No Indian stock has been deleted from the key global index. The changes will come into effect as of the markets close on May 30.
The inclusion could bring passive inflows worth $216 million-$227 million into Coromandel and $172 million - $181 million into Nykaa, according to IIFL Alternate Research and JM Financial estimates.
MSCI also added Coromandel and airport operator GMR Airports GMRI.NS into its India domestic index, while removing auto parts maker Sona BLW Precision Forgings SONB.NS.
While the flagship Global Standard index and Indian domestic indexes only saw minor tweaks, MSCI added 11 new stocks to its global small-cap index and deleted 21 stocks.
The more specific MSCI India domestic small-cap index saw the addition of 12 stocks and removal of 21 stocks.
Besides the additions, drug maker Cipla CIPL.NS, telecom infrastructure provider Indus Towers INUS.NS and textiles and chemicals maker Grasim Industries GRAS.NS are likely to see passive inflows of $33 million-$45 million, $36 million-$40 million and about $17 million due to the increase in their weights in the Global Standard index.
Astral could see outflows worth $15 million-$17 million due to weight reduction, according to IIFL Alternate Research and JM Financial estimates.
India's weight in the MSCI Global Standard index rose marginally to 19.4%, according to the IIFL Alternate Research. India had a weightage of about 19% in the index as of the previous revision in February.
In its last rejig in February, MSCI added carmaker Hyundai Motor HYUN.NS and removed Adani Green Energy ADNA.NS from its global standard index.
MSCI May rejig: Key changes for Indian stocks https://reut.rs/3F7bX4y
Potential inflows into Indian stocks added in MSCI India small-cap index https://reut.rs/4kn772i
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)
(([email protected]; +91 9769003463;))
Delhi airport operator pauses runway upgrade after flight delays invite criticism
Hundreds of flights were delayed on Sunday
DIAL cites adverse wind patterns for delays
Passengers express frustration over lengthy flight delays on social media
Civil aviation minister chairs meeting after delays
Adds details on minister meeting in bullets, paragraph 6
By Abhijith Ganapavaram
NEW DELHI, April 21 (Reuters) - The operator of Delhi International Airport, one of the world's busiest airports, has paused works to upgrade one of its runways after passengers criticised lengthy flight delays, throwing the spotlight on increasing air traffic congestion in major cities in India.
Data from Flightradar24 showed about 400 arrivals and 500 departures were delayed on Sunday - about 60% and 76% of total flights, respectively - which Delhi International Airport Limited (DIAL) said was in part due to adverse wind patterns.
DIAL, which is majority owned by GMR Airports GMRI.NS, had shut one of its runways earlier this month to upgrade a system that helps aircraft land safely in low-visibility conditions. The airport has four runways in total.
DIAL will now resume operations on the runway in the first week of May after postponing remaining upgrade activities "for a month or so," it said in a post on X early on Monday. The upgrade works had come ahead of the busy summer travel season in India.
Passengers on social media complained of flights being delayed for hours on Sunday, both in the ground and in the air, raising concerns about stress on pilots.
India's civil aviation minister Ram Mohan Naidu on Monday chaired a meeting attended by government, airport and airline officials to address challenges being faced by Delhi International Airport, according to a government statement.
DIAL has pushed back against criticism in a series of X posts, saying plans for runway upgrades were done in consultation with airlines and other stakeholders over four months ago. It said adverse wind conditions had also played a role in the delays.
"When these easterly wind situations have been arising in the past few days...airlines have been advised, in accordance with pre-agreed plans, to adjust flight schedules. However, there was minimal to no changes made," DIAL said.
Delhi airport handled about 78 million passengers in 2024, making it the ninth busiest airport in the world, according to Airports Council International, as air travel booms in India post the pandemic.
To handle the surge in air travel, government authorities have planned for second airports that would serve congested cities such as Mumbai and Delhi. More airports would also accommodate the hundreds of aircraft ordered by domestic airlines IndiGo and Air India Group.
(Reporting by Abhijith Ganapavaram; Editing by Raju Gopalakrishnan and Daren Butler)
((Email: [email protected]; Mobile: +91-9019785574;))
Hundreds of flights were delayed on Sunday
DIAL cites adverse wind patterns for delays
Passengers express frustration over lengthy flight delays on social media
Civil aviation minister chairs meeting after delays
Adds details on minister meeting in bullets, paragraph 6
By Abhijith Ganapavaram
NEW DELHI, April 21 (Reuters) - The operator of Delhi International Airport, one of the world's busiest airports, has paused works to upgrade one of its runways after passengers criticised lengthy flight delays, throwing the spotlight on increasing air traffic congestion in major cities in India.
Data from Flightradar24 showed about 400 arrivals and 500 departures were delayed on Sunday - about 60% and 76% of total flights, respectively - which Delhi International Airport Limited (DIAL) said was in part due to adverse wind patterns.
DIAL, which is majority owned by GMR Airports GMRI.NS, had shut one of its runways earlier this month to upgrade a system that helps aircraft land safely in low-visibility conditions. The airport has four runways in total.
DIAL will now resume operations on the runway in the first week of May after postponing remaining upgrade activities "for a month or so," it said in a post on X early on Monday. The upgrade works had come ahead of the busy summer travel season in India.
Passengers on social media complained of flights being delayed for hours on Sunday, both in the ground and in the air, raising concerns about stress on pilots.
India's civil aviation minister Ram Mohan Naidu on Monday chaired a meeting attended by government, airport and airline officials to address challenges being faced by Delhi International Airport, according to a government statement.
DIAL has pushed back against criticism in a series of X posts, saying plans for runway upgrades were done in consultation with airlines and other stakeholders over four months ago. It said adverse wind conditions had also played a role in the delays.
"When these easterly wind situations have been arising in the past few days...airlines have been advised, in accordance with pre-agreed plans, to adjust flight schedules. However, there was minimal to no changes made," DIAL said.
Delhi airport handled about 78 million passengers in 2024, making it the ninth busiest airport in the world, according to Airports Council International, as air travel booms in India post the pandemic.
To handle the surge in air travel, government authorities have planned for second airports that would serve congested cities such as Mumbai and Delhi. More airports would also accommodate the hundreds of aircraft ordered by domestic airlines IndiGo and Air India Group.
(Reporting by Abhijith Ganapavaram; Editing by Raju Gopalakrishnan and Daren Butler)
((Email: [email protected]; Mobile: +91-9019785574;))
India's GMR Airports hits three-month high as Citi initiates with 'buy' rating
** Shares of airport operator GMR Airports GMRI.NS up 4.2% at 82.12 rupees, after hitting 3-month high of 83.2 rupees earlier
** Citi initiatives coverage with "buy" rating and PT of 90 rupees
** Says GMRI to turn profitable from FY26 as co fundamentally well-placed
** "GMR Airports has strong traffic outlook, headroom to non-aero spending, commercialization of landbanks and inorganic growth pipeline from government's airport privatization," it says
** Trade vol at 19.6 mln shares, compared to 30-day avg of 12.1 mln
** Stock up 5.6% YTD
(Reporting by Vivek Kumar M)
** Shares of airport operator GMR Airports GMRI.NS up 4.2% at 82.12 rupees, after hitting 3-month high of 83.2 rupees earlier
** Citi initiatives coverage with "buy" rating and PT of 90 rupees
** Says GMRI to turn profitable from FY26 as co fundamentally well-placed
** "GMR Airports has strong traffic outlook, headroom to non-aero spending, commercialization of landbanks and inorganic growth pipeline from government's airport privatization," it says
** Trade vol at 19.6 mln shares, compared to 30-day avg of 12.1 mln
** Stock up 5.6% YTD
(Reporting by Vivek Kumar M)
India's Delhi airport operator sues government over flights from defence airbase
By Abhijith Ganapavaram and Arpan Chaturvedi
NEW DELHI, March 17 (Reuters) - The operator of the Indian capital's international airport, majority owned by GMR Airports GMRI.NS, is suing the government for allowing commercial flights from a nearby defence aerodrome, legal papers show in a case to be heard on Monday.
The airport is one of India's busiest, with about 73.6 million passengers using it last year, though it made a loss of $21 million because of higher government fees. In contrast, by Sunday, the number of airbase users was about 1,400.
The Delhi airport will become "economically and financially unviable," after the government permitted commercial flights from the defence airbase in Ghaziabad, Delhi International Airport Limited (DIAL) said in the March 10 lawsuit.
In the suit, which Reuters is the first to report, DIAL told the Delhi High Court the government breached aviation rules barring a new airport within an aerial distance of 150 km (90 miles) of an existing one, unless there is passenger demand.
The state-run Airports Authority of India also has a stake in DIAL. India's civil aviation ministry did not immediately respond to e-mails seeking comment.
DIAL seeks to overturn the government's decision, and cites media reports for its contention that flights by Air India Express began operating in March from the Hindon Airforce Station, about 30 km (19 miles) from the Delhi airport.
DIAL is represented by Trilegal, a law firm based in India.
(Reporting by Abhijith Ganapavaram and Arpan Chaturvedi; Editing by Aditya Kalra and Clarence Fernandez)
((Email: [email protected]; Mobile: +91-9019785574;))
By Abhijith Ganapavaram and Arpan Chaturvedi
NEW DELHI, March 17 (Reuters) - The operator of the Indian capital's international airport, majority owned by GMR Airports GMRI.NS, is suing the government for allowing commercial flights from a nearby defence aerodrome, legal papers show in a case to be heard on Monday.
The airport is one of India's busiest, with about 73.6 million passengers using it last year, though it made a loss of $21 million because of higher government fees. In contrast, by Sunday, the number of airbase users was about 1,400.
The Delhi airport will become "economically and financially unviable," after the government permitted commercial flights from the defence airbase in Ghaziabad, Delhi International Airport Limited (DIAL) said in the March 10 lawsuit.
In the suit, which Reuters is the first to report, DIAL told the Delhi High Court the government breached aviation rules barring a new airport within an aerial distance of 150 km (90 miles) of an existing one, unless there is passenger demand.
The state-run Airports Authority of India also has a stake in DIAL. India's civil aviation ministry did not immediately respond to e-mails seeking comment.
DIAL seeks to overturn the government's decision, and cites media reports for its contention that flights by Air India Express began operating in March from the Hindon Airforce Station, about 30 km (19 miles) from the Delhi airport.
DIAL is represented by Trilegal, a law firm based in India.
(Reporting by Abhijith Ganapavaram and Arpan Chaturvedi; Editing by Aditya Kalra and Clarence Fernandez)
((Email: [email protected]; Mobile: +91-9019785574;))
GMR Airports Acquires 10% Equity Stake In DIAL From Fraport
March 7 (Reuters) - GMR Airports Ltd GMRI.NS:
ACQUIRES 10% EQUITY STAKE IN DIAL FROM FRAPORT
SHAREHOLDING IN DIAL INCREASES TO 74%
Source text: ID:nNSEb0Kzpm
Further company coverage: GMRI.NS
(([email protected];;))
March 7 (Reuters) - GMR Airports Ltd GMRI.NS:
ACQUIRES 10% EQUITY STAKE IN DIAL FROM FRAPORT
SHAREHOLDING IN DIAL INCREASES TO 74%
Source text: ID:nNSEb0Kzpm
Further company coverage: GMRI.NS
(([email protected];;))
India New Issue-GMR Airports to issue 3-year bonds, bankers say
MUMBAI, Feb 20 (Reuters) - India's GMR Airports GMRA.NS plans to raise 11 billion rupees ($126.65 million) selling bonds maturing in three years, three bankers said on Thursday.
The company has invited coupon and commitment bids from bankers and investors for the issue on Monday, they said.
The company did not immediately reply to a Reuters' email seeking comment.
Here is the list of deals reported so far on February 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
GMR Airports | 3 years | To be decided | 11 | Feb. 24 | BBB+ (Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.8520 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
MUMBAI, Feb 20 (Reuters) - India's GMR Airports GMRA.NS plans to raise 11 billion rupees ($126.65 million) selling bonds maturing in three years, three bankers said on Thursday.
The company has invited coupon and commitment bids from bankers and investors for the issue on Monday, they said.
The company did not immediately reply to a Reuters' email seeking comment.
Here is the list of deals reported so far on February 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
GMR Airports | 3 years | To be decided | 11 | Feb. 24 | BBB+ (Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.8520 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
India's GMR Airports gains after posting Q3 profit
** Shares of GMR Airports GMRI.NS rise 2.7% to 73 rupees
** Airport operator posts Q3 consol net profit of 2.67 billion rupees ($30.84 million) vs yr ago loss of 3.17 billion rupees, boosted by increased air traffic in their Delhi and Hyderabad airports; rev up 19%
** Unit GMR Hyderabad International Airport declared interim dividend of 7.5 rupees/share, first time since 2019; reflects sustained strong profitability - Jefferies
** Stock trading below key 50-, 100-, 200- day moving avgs for nearly a month, indicating a bearish sentiment
** Stock fell 2.5% in 2024
($1 = 86.5880 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
** Shares of GMR Airports GMRI.NS rise 2.7% to 73 rupees
** Airport operator posts Q3 consol net profit of 2.67 billion rupees ($30.84 million) vs yr ago loss of 3.17 billion rupees, boosted by increased air traffic in their Delhi and Hyderabad airports; rev up 19%
** Unit GMR Hyderabad International Airport declared interim dividend of 7.5 rupees/share, first time since 2019; reflects sustained strong profitability - Jefferies
** Stock trading below key 50-, 100-, 200- day moving avgs for nearly a month, indicating a bearish sentiment
** Stock fell 2.5% in 2024
($1 = 86.5880 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
GMR Airports Dec-Qtr Consol Net Profit 2.67 Bln Rupees
Jan 28 (Reuters) - GMR Airports Ltd GMRI.NS:
GMR AIRPORTS DEC-QUARTER CONSOL NET PROFIT 2.67 BILLION RUPEES
GMR AIRPORTS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 26.53 BILLION RUPEES
Source text: ID:nNSE20k43P
Further company coverage: GMRI.NS
(([email protected];;))
Jan 28 (Reuters) - GMR Airports Ltd GMRI.NS:
GMR AIRPORTS DEC-QUARTER CONSOL NET PROFIT 2.67 BILLION RUPEES
GMR AIRPORTS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 26.53 BILLION RUPEES
Source text: ID:nNSE20k43P
Further company coverage: GMRI.NS
(([email protected];;))
Gmr Airports Says Unit To Divest 50% Stake In Megawide Gmr Construction JV, Inc
Jan 9 (Reuters) - GMR Airports Ltd GMRI.NS:
GMR AIRPORTS - UNIT TO DIVEST 50% STAKE IN MEGAWIDE GMR CONSTRUCTION JV, INC
GMR AIRPORTS - DEAL FOR CONSIDERATION OF$1.365 MILLION
Source text: [ID:]
Further company coverage: GMRI.NS
(([email protected];;))
Jan 9 (Reuters) - GMR Airports Ltd GMRI.NS:
GMR AIRPORTS - UNIT TO DIVEST 50% STAKE IN MEGAWIDE GMR CONSTRUCTION JV, INC
GMR AIRPORTS - DEAL FOR CONSIDERATION OF$1.365 MILLION
Source text: [ID:]
Further company coverage: GMRI.NS
(([email protected];;))
GMR Airports To Acquire Shares Of BDGASPL
Jan 8 (Reuters) - GMR Airports Ltd GMRI.NS:
GMR AIRPORTS LTD - TO ACQUIRE SHARES OF BDGASPL
GMR AIRPORTS LTD - TOTAL CONSIDERATION FOR ACQUISITION IS 150.2 MILLION RUPEES
Source text: ID:nNSEcgZG2d
Further company coverage: GMRI.NS
(([email protected];))
Jan 8 (Reuters) - GMR Airports Ltd GMRI.NS:
GMR AIRPORTS LTD - TO ACQUIRE SHARES OF BDGASPL
GMR AIRPORTS LTD - TOTAL CONSIDERATION FOR ACQUISITION IS 150.2 MILLION RUPEES
Source text: ID:nNSEcgZG2d
Further company coverage: GMRI.NS
(([email protected];))
GMR Airports Total Aircraft Movements Up 8% Y/Y In Nov
Dec 16 (Reuters) - GMR Airports Ltd GMRI.NS:
TOTAL PASSENGER TRAFFIC UP 14% YOY IN NOV
TOTAL AIRCRAFT MOVEMENTS UP 8% Y/Y IN NOV
Source text: ID:nBSE6L2b9M
Further company coverage: GMRI.NS
(([email protected];))
Dec 16 (Reuters) - GMR Airports Ltd GMRI.NS:
TOTAL PASSENGER TRAFFIC UP 14% YOY IN NOV
TOTAL AIRCRAFT MOVEMENTS UP 8% Y/Y IN NOV
Source text: ID:nBSE6L2b9M
Further company coverage: GMRI.NS
(([email protected];))
India's GMR Airports jumps on 9% rise in Oct passenger traffic
** GMR Airports GMRI.NS rises as much as 5.5% to 82.3 rupees
** Airport operator's October passenger traffic up 9% y/y to 10.7 mln
** Stock set to rise for a third straight session
** GMRI last up 5.4%, turning stock positive on YTD basis
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** GMR Airports GMRI.NS rises as much as 5.5% to 82.3 rupees
** Airport operator's October passenger traffic up 9% y/y to 10.7 mln
** Stock set to rise for a third straight session
** GMRI last up 5.4%, turning stock positive on YTD basis
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
India's GMR Airports slips to more than 4-month low as Q2 loss widens
** GMR Airports GMRI.NS falls 4.2% to 79.1 rupees, its lowest in over four months
** Airport operator's September-quarter consol loss after tax widens to 4.29 bln rupees ($51 mln) vs year-ago 1.90 bln rupees
** Co raises funds up to 15 billion bln via issue of non-convertible bonds
** Stock down ~2% so far this year after jumping ~103% in 2023
($1 = 84.0670 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
** GMR Airports GMRI.NS falls 4.2% to 79.1 rupees, its lowest in over four months
** Airport operator's September-quarter consol loss after tax widens to 4.29 bln rupees ($51 mln) vs year-ago 1.90 bln rupees
** Co raises funds up to 15 billion bln via issue of non-convertible bonds
** Stock down ~2% so far this year after jumping ~103% in 2023
($1 = 84.0670 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
GMR Airports Sept-Quarter Consol Net Loss At 2.80 Billion Rupees
Oct 24 (Reuters) - GMR Airports Ltd GMRI.NS:
GMR AIRPORTS LTD SEPT-QUARTER CONSOL NET LOSS 2.80 BILLION RUPEES
GMR AIRPORTS LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 24.95 BILLION RUPEES
GMR AIRPORTS -RAISING FUNDS UP TO 15 BLN RUPEES VIA ISSUE OF NON-CONVERTIBLE BONDS
Further company coverage: GMRI.NS
(([email protected];))
Oct 24 (Reuters) - GMR Airports Ltd GMRI.NS:
GMR AIRPORTS LTD SEPT-QUARTER CONSOL NET LOSS 2.80 BILLION RUPEES
GMR AIRPORTS LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 24.95 BILLION RUPEES
GMR AIRPORTS -RAISING FUNDS UP TO 15 BLN RUPEES VIA ISSUE OF NON-CONVERTIBLE BONDS
Further company coverage: GMRI.NS
(([email protected];))
ADIA to invest $750 mln in debt of India's GMR Group
Recasts throughout, adds details on investment, background on aviation industry
Oct 23 (Reuters) - Abu Dhabi Investment Authority (ADIA), the UAE's largest sovereign wealth fund, will invest about $750 million in the debt of India's GMR Group, giving it a foothold in one of the world's fastest-growing aviation markets.
The investment will also allow the Indian company to reduce the pledged shareholding on its airports business.
ADIA has invested in structured debt instruments of a unit of GMR Enterprises (GEPL), the holding company of GMR Group. GMR Enterprises owns a roughly 25% stake in GMR Airports GMRI.NS.
The funds will be used to refinance all external debt of GMR Enterprises, which is looking to lower its pledge on the shareholding of GMR Airports "significantly", GMR Group said in an exchange filing.
GMR Enterprises' total debt had increased nearly 4% year-on-year to 44.77 billion rupees ($532.5 million), according to its latest annual report.
"This investment from ADIA will facilitate the repayment of all external debt at GEPL, strengthening our ability to support the continued growth of GMR Airports," said GMR Group Corporate Chairman Kiran Grandhi.
India's domestic passenger traffic is expected to double to 300 million by 2030.
($1 = 84.0700 Indian rupees)
(Reporting by Yagnoseni Das and Meenakshi Maidas in Bengaluru; additional reporting by Hritam Mukherjee, Nandan Mandayam; Editing by Sonia Cheema)
(([email protected];))
Recasts throughout, adds details on investment, background on aviation industry
Oct 23 (Reuters) - Abu Dhabi Investment Authority (ADIA), the UAE's largest sovereign wealth fund, will invest about $750 million in the debt of India's GMR Group, giving it a foothold in one of the world's fastest-growing aviation markets.
The investment will also allow the Indian company to reduce the pledged shareholding on its airports business.
ADIA has invested in structured debt instruments of a unit of GMR Enterprises (GEPL), the holding company of GMR Group. GMR Enterprises owns a roughly 25% stake in GMR Airports GMRI.NS.
The funds will be used to refinance all external debt of GMR Enterprises, which is looking to lower its pledge on the shareholding of GMR Airports "significantly", GMR Group said in an exchange filing.
GMR Enterprises' total debt had increased nearly 4% year-on-year to 44.77 billion rupees ($532.5 million), according to its latest annual report.
"This investment from ADIA will facilitate the repayment of all external debt at GEPL, strengthening our ability to support the continued growth of GMR Airports," said GMR Group Corporate Chairman Kiran Grandhi.
India's domestic passenger traffic is expected to double to 300 million by 2030.
($1 = 84.0700 Indian rupees)
(Reporting by Yagnoseni Das and Meenakshi Maidas in Bengaluru; additional reporting by Hritam Mukherjee, Nandan Mandayam; Editing by Sonia Cheema)
(([email protected];))
Gmr Airports Says Sept Total Passenger Traffic Up 9% Y/Y
Oct 16 (Reuters) - GMR Airports Ltd GMRI.NS:
GMR AIRPORTS - SEPT TOTAL PASSENGER TRAFFIC UP 9% Y/Y
Source text for Eikon: ID:nNSE60fyDP
Further company coverage: GMRI.NS
(([email protected];))
Oct 16 (Reuters) - GMR Airports Ltd GMRI.NS:
GMR AIRPORTS - SEPT TOTAL PASSENGER TRAFFIC UP 9% Y/Y
Source text for Eikon: ID:nNSE60fyDP
Further company coverage: GMRI.NS
(([email protected];))
GMR Airports Says Authorities Required To Execute Concession Agreement At Earliest For Nagpur Airport With Co
Oct 1 (Reuters) - GMR Airports Ltd GMRI.NS:
AUTHORITIES REQUIRED TO EXECUTE CONCESSION AGREEMENT AT EARLIEST FOR NAGPUR AIRPORT WITH CO
Source text for Eikon: ID:nNSE6Dz57S
Further company coverage: GMRI.NS
(([email protected];;))
Oct 1 (Reuters) - GMR Airports Ltd GMRI.NS:
AUTHORITIES REQUIRED TO EXECUTE CONCESSION AGREEMENT AT EARLIEST FOR NAGPUR AIRPORT WITH CO
Source text for Eikon: ID:nNSE6Dz57S
Further company coverage: GMRI.NS
(([email protected];;))
GMR Airports Says Total Passenger Traffic For August Up 9% Y/Y
Sept 13 (Reuters) - GMR Airports Ltd GMRI.NS:
TOTAL PASSENGER TRAFFIC FOR AUGUST UP 9% Y/Y
AUGUST DOMESTIC TRAFFIC UP 7.4% Y/Y
AUGUST INTERNATIONAL TRAFFIC UP 12.9% Y/Y
Source text for Eikon: ID:nBSE4H7rHm
Further company coverage: GMRI.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Sept 13 (Reuters) - GMR Airports Ltd GMRI.NS:
TOTAL PASSENGER TRAFFIC FOR AUGUST UP 9% Y/Y
AUGUST DOMESTIC TRAFFIC UP 7.4% Y/Y
AUGUST INTERNATIONAL TRAFFIC UP 12.9% Y/Y
Source text for Eikon: ID:nBSE4H7rHm
Further company coverage: GMRI.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
India's GMR Airports to raise stake in Delhi Airport by 10%
BENGALURU, Sept 9 (Reuters) - India's GMR Airports Infrastructure GMRI.NS said on Monday it will acquire an additional 10% stake in the Delhi International Airport in a deal worth $126 million, to take its overall shareholding to 74%.
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Savio D'Souza)
(([email protected];))
BENGALURU, Sept 9 (Reuters) - India's GMR Airports Infrastructure GMRI.NS said on Monday it will acquire an additional 10% stake in the Delhi International Airport in a deal worth $126 million, to take its overall shareholding to 74%.
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Savio D'Souza)
(([email protected];))
Indigo Will Start Ops With 34 Flights From Delhi Airport Terminal 1 From Sept 2 -Statement
Aug 14 (Reuters) -
GMR-RUN DELHI AIRPORT’S NEW TERMINAL 1 TO BECOME OPERATIONAL FROM AUGUST 17 - STATEMENT
INDIGO, SPICEJET TO MOVE SIGNIFICANT PART OF THEIR OPERATIONS TO NEW TERMINAL1 OF DELHI AIRPORT- STATEMENT
SPICEJET WILL OPERATE 13 FLIGHTS FROM TERMINAL 1 OF DELHI AIRPORT FROM AUGUST 17 - STATEMENT
INDIGO WILL START ITS OPERATIONS WITH 34 FLIGHTS FROM TERMINAL 1 OF DELHI AIRPORT FROM FROM SEPT2-STATEMENT
Source text for Eikon: [ID:]
Further company coverage: GMRI.NS
(([email protected];))
Aug 14 (Reuters) -
GMR-RUN DELHI AIRPORT’S NEW TERMINAL 1 TO BECOME OPERATIONAL FROM AUGUST 17 - STATEMENT
INDIGO, SPICEJET TO MOVE SIGNIFICANT PART OF THEIR OPERATIONS TO NEW TERMINAL1 OF DELHI AIRPORT- STATEMENT
SPICEJET WILL OPERATE 13 FLIGHTS FROM TERMINAL 1 OF DELHI AIRPORT FROM AUGUST 17 - STATEMENT
INDIGO WILL START ITS OPERATIONS WITH 34 FLIGHTS FROM TERMINAL 1 OF DELHI AIRPORT FROM FROM SEPT2-STATEMENT
Source text for Eikon: [ID:]
Further company coverage: GMRI.NS
(([email protected];))
India New Issue-Delhi International Airport accept bids for 10-year bonds, bankers say
MUMBAI, July 25 (Reuters) - India's Delhi International Airport has accepted bids worth 25.13 billion rupees ($300.22 million) through bonds maturing in 10 years, two merchant bankers said on Thursday.
The company has set a coupon of 9.50%, payable quarterly. It had invited bids from bankers and investors on Wednesday.
In March, the company had raised 8 billion rupees via 10-year bonds at a coupon of 9.50%.
Here is the list of deals reported so far on July 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Delhi International Airport | 10 years | 9.50 | 25.13 | July 24 | AA- (Icra, India Ratings) |
Godrej Properties | 3 years and 6 months | To be decided | 5+5 | July 25 | AA+ (India Ratings) |
Godrej Properties | 5 years | To be decided | 1+2.4 | July 25 | AA+ (India Ratings) |
Bajaj Finance | 5 years | 7.98 | 2.5 + 7.5 | July 30 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 83.7050 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Nivedita Bhattacharjee)
MUMBAI, July 25 (Reuters) - India's Delhi International Airport has accepted bids worth 25.13 billion rupees ($300.22 million) through bonds maturing in 10 years, two merchant bankers said on Thursday.
The company has set a coupon of 9.50%, payable quarterly. It had invited bids from bankers and investors on Wednesday.
In March, the company had raised 8 billion rupees via 10-year bonds at a coupon of 9.50%.
Here is the list of deals reported so far on July 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Delhi International Airport | 10 years | 9.50 | 25.13 | July 24 | AA- (Icra, India Ratings) |
Godrej Properties | 3 years and 6 months | To be decided | 5+5 | July 25 | AA+ (India Ratings) |
Godrej Properties | 5 years | To be decided | 1+2.4 | July 25 | AA+ (India Ratings) |
Bajaj Finance | 5 years | 7.98 | 2.5 + 7.5 | July 30 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 83.7050 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Nivedita Bhattacharjee)
India New Issue-Delhi International Airport to issue 10-year bonds, bankers say
MUMBAI, July 23 (Reuters) - India's Delhi International Airport plans to raise 25.13 billion rupees ($300.3 million) selling bonds maturing in 10 years, two merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said. The coupon will be payable quarterly and will be reset at the end of the fifth year.
In March, the company had raised 8 billion rupees via 10-year bonds at a coupon of 9.50%.
Here is the list of deals reported so far on July 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Delhi International Airport | 10 years | To be decided | 25.13 | July 24 | AA- (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 83.6875 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sonia Cheema)
MUMBAI, July 23 (Reuters) - India's Delhi International Airport plans to raise 25.13 billion rupees ($300.3 million) selling bonds maturing in 10 years, two merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said. The coupon will be payable quarterly and will be reset at the end of the fifth year.
In March, the company had raised 8 billion rupees via 10-year bonds at a coupon of 9.50%.
Here is the list of deals reported so far on July 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Delhi International Airport | 10 years | To be decided | 25.13 | July 24 | AA- (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 83.6875 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sonia Cheema)
India's Delhi Airport Says Some Services Temporarily Impacted Due To Global IT Issue
July 19 (Reuters) - India's Delhi Airport:
DUE TO GLOBAL IT ISSUE, SOME SERVICES AT AIRPORT TEMPORARILY IMPACTED
Further company coverage: GMRI.NS
(([email protected];))
July 19 (Reuters) - India's Delhi Airport:
DUE TO GLOBAL IT ISSUE, SOME SERVICES AT AIRPORT TEMPORARILY IMPACTED
Further company coverage: GMRI.NS
(([email protected];))
GMR Airports Infrastructure Says In June Handled More Than 10.6 Mn Pax Across All Airports, Up 7.8% YoY
July 16 (Reuters) - GMR Airports Infrastructure Ltd GMRI.NS:
IN JUNE HANDLED MORE THAN 10.6 MN PAX ACROSS ALL AIRPORTS, UP 7.8% YOY
Source text for Eikon: ID:nBSE47xwGn
Further company coverage: GMRI.NS
(([email protected];))
July 16 (Reuters) - GMR Airports Infrastructure Ltd GMRI.NS:
IN JUNE HANDLED MORE THAN 10.6 MN PAX ACROSS ALL AIRPORTS, UP 7.8% YOY
Source text for Eikon: ID:nBSE47xwGn
Further company coverage: GMRI.NS
(([email protected];))
New Delhi's domestic airport terminal likely to be shut for a few weeks, sources say
By Rishika Sadam and Aditi Shah
NEW DELHI, July 1 (Reuters) - New Delhi's main domestic terminal is likely to remain shut for a few weeks with debris still scattered outside the airport following last week's roof collapse, two sources with direct knowledge of the matter told Reuters on Monday.
A portion of the roof, canopy and several beams at the domestic terminal 1 collapsed after heavy rain in the Indian capital on Friday, killing one person, crushing cars and disrupting flights ever since.
The incident has put a spotlight on challenges Prime Minister Narendra Modi's government faces to overhaul infrastructure projects and has raised concerns about lax regulation and compliance issues.
The recently expanded terminal is mostly used by low-cost carriers IndiGo INGL.NS and SpiceJet SPJT.BO, and has a capacity to handle 40 million passengers annually, but its closure is set to increase pressure on two other terminals from where domestic flights also operate.
A source at GMR Airports Infrastructure GMRI.NS, which operates the airport, said "it could take few weeks, if the issue is small but very likely that it could take beyond a month if the problem is major".
"No matter how much time it takes, the terminal will not be re-opened until everything has been checked thoroughly," the person added.
GMR said in a statement that it was "too early" to provide details of when the terminal could resume operations.
Delhi airport handles 1,400 flights a day across its three terminals. Flight operations from T1 were currently limited to less than 15% of the total as they were gradually resuming after the recent expansion and refurbishment.
More than 22,000 passengers have been affected in the past three days, with around 90 flights moved to other terminals, government data shows.
On Monday, a Reuters photographer was not permitted to enter the accident site as the area has been cordoned off by authorities.
The second source said that the debris would not be removed until an inspection was complete, which was likely to take a few weeks.
IndiGo and SpiceJet said their passengers were being informed about terminal changes.
However, on Monday, two passengers told Reuters near T1 they had no information on any change in their departure terminal. "I'm running late and it will affect my timing to board my flight," said Satyam, a 22-year old student who only gave his first name.
(Reporting by Tanvi Mehta, Aditi Shah, Anushree Fadnavis in New Delhi and Rishika Sadam in Hyderabad; Writing by Tanvi Mehta; Editing by Aditya Kalra and Emelia Sithole-Matarise)
By Rishika Sadam and Aditi Shah
NEW DELHI, July 1 (Reuters) - New Delhi's main domestic terminal is likely to remain shut for a few weeks with debris still scattered outside the airport following last week's roof collapse, two sources with direct knowledge of the matter told Reuters on Monday.
A portion of the roof, canopy and several beams at the domestic terminal 1 collapsed after heavy rain in the Indian capital on Friday, killing one person, crushing cars and disrupting flights ever since.
The incident has put a spotlight on challenges Prime Minister Narendra Modi's government faces to overhaul infrastructure projects and has raised concerns about lax regulation and compliance issues.
The recently expanded terminal is mostly used by low-cost carriers IndiGo INGL.NS and SpiceJet SPJT.BO, and has a capacity to handle 40 million passengers annually, but its closure is set to increase pressure on two other terminals from where domestic flights also operate.
A source at GMR Airports Infrastructure GMRI.NS, which operates the airport, said "it could take few weeks, if the issue is small but very likely that it could take beyond a month if the problem is major".
"No matter how much time it takes, the terminal will not be re-opened until everything has been checked thoroughly," the person added.
GMR said in a statement that it was "too early" to provide details of when the terminal could resume operations.
Delhi airport handles 1,400 flights a day across its three terminals. Flight operations from T1 were currently limited to less than 15% of the total as they were gradually resuming after the recent expansion and refurbishment.
More than 22,000 passengers have been affected in the past three days, with around 90 flights moved to other terminals, government data shows.
On Monday, a Reuters photographer was not permitted to enter the accident site as the area has been cordoned off by authorities.
The second source said that the debris would not be removed until an inspection was complete, which was likely to take a few weeks.
IndiGo and SpiceJet said their passengers were being informed about terminal changes.
However, on Monday, two passengers told Reuters near T1 they had no information on any change in their departure terminal. "I'm running late and it will affect my timing to board my flight," said Satyam, a 22-year old student who only gave his first name.
(Reporting by Tanvi Mehta, Aditi Shah, Anushree Fadnavis in New Delhi and Rishika Sadam in Hyderabad; Writing by Tanvi Mehta; Editing by Aditya Kalra and Emelia Sithole-Matarise)
Fraport On Delhi Airport Roof Collapse Says Can't Comment On Building's Structural Issues
June 28 (Reuters) - Fraport Frankfurt Airport Services Worldwide On Delhi Airport Roof Collapse:
WE ARE IN CLOSE CONTACT WITH DELHI AIRPORT
CANNOT COMMENT ON STRUCTURAL ISSUES CONCERNING BUILDING
GERMANY'S FRAPORT OWNS 10% STAKE IN DELHI INTERNATIONAL AIRPORT
Further company coverage: FRAG.DEGMRI.NS
(([email protected];))
June 28 (Reuters) - Fraport Frankfurt Airport Services Worldwide On Delhi Airport Roof Collapse:
WE ARE IN CLOSE CONTACT WITH DELHI AIRPORT
CANNOT COMMENT ON STRUCTURAL ISSUES CONCERNING BUILDING
GERMANY'S FRAPORT OWNS 10% STAKE IN DELHI INTERNATIONAL AIRPORT
Further company coverage: FRAG.DEGMRI.NS
(([email protected];))
India's GMR Airports eyes 16-year high on Jefferies inclusion
** Shares of GMR Airports GMRI.NS rise about 2.5% to 94 rupees apiece, just shy of 16-year high hit on February 20, 2024
** Gains after Jefferies includes the company, which operates airports, in two of its portfolios
** Investment in GMRI will be introduced with a 4% weighting in India long-only portfolio, which will be paid for by reducing investments in ICICI Bank ICBK.NS and HDFC Bank HDBK.NS by one pct point each - Chris Wood, global head of equity strategy, Jefferies
** Adds, investment in Axis Bank AXBK.NS will be trimmed by two pct points
** GMRI will also be introduced in Jefferies Asia ex-Japan long-only portfolio, while investment in HDFC Bank will be removed
** Stock among top gainers in Nifty mid-cap 100 index .NIFMDCP100, which has risen 0.7% to hit record high for fourth consecutive session - LSEG data
India themes and stocks in Jefferies Asia ex-Japan long-only portfolio https://reut.rs/3xhzewG
Composition of Jefferies' India long-only portfolio https://reut.rs/3VqdFlx
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of GMR Airports GMRI.NS rise about 2.5% to 94 rupees apiece, just shy of 16-year high hit on February 20, 2024
** Gains after Jefferies includes the company, which operates airports, in two of its portfolios
** Investment in GMRI will be introduced with a 4% weighting in India long-only portfolio, which will be paid for by reducing investments in ICICI Bank ICBK.NS and HDFC Bank HDBK.NS by one pct point each - Chris Wood, global head of equity strategy, Jefferies
** Adds, investment in Axis Bank AXBK.NS will be trimmed by two pct points
** GMRI will also be introduced in Jefferies Asia ex-Japan long-only portfolio, while investment in HDFC Bank will be removed
** Stock among top gainers in Nifty mid-cap 100 index .NIFMDCP100, which has risen 0.7% to hit record high for fourth consecutive session - LSEG data
India themes and stocks in Jefferies Asia ex-Japan long-only portfolio https://reut.rs/3xhzewG
Composition of Jefferies' India long-only portfolio https://reut.rs/3VqdFlx
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Indian airports' FY25 profit to grow 35% on strong demand, says CAPA India
Adds background on Indian aviation market, airports, exec quote paragraphs 3-7, 8-9
By Shivansh Tiwary and Nandan Mandayam
NEW DELHI, June 7 (Reuters) - India's airports are likely to report strong pre-tax profit growth in the fiscal year ended 2025, a top consultancy said on Friday, as demand for air travel stays robust and the country aims to become a major global aviation hub.
The airport industry's pre-tax profit will rise to 103.7 billion rupees ($1.24 billion), up about 35% from 76.8 billion rupees a year ago, aviation consultancy CAPA India's Vice President Paramprit Singh Bakshi said at an industry event in New Delhi.
Operators' revenue is forecast to grow 14.8% in the current year, helped by steady domestic passenger growth and a quick-paced rebound in international travel.
"All airports have seen very, very robust international recovery, especially from the perspective of post COVID," Bakshi said.
Indian airport operators have also benefitted as the government has driven investments to develop new terminals and refurbish existing ones.
Most hubs are run by the state-owned Airports Authority of India (AAI) but GMR Airports GMRA.NS, which runs the country's busiest airport in capital New Delhi, the Adani Group and Fairfax India FIHu.TO are key private players.
The world's most populous nation expects to have 350 airports by 2030, up from 144 in 2019, according to an earlier CAPA India estimate and government data.
As airlines like IndiGo INGL.NS and Air India begin to receive jets from their record orders and as newer airports start operations, domestic passenger traffic would hit 600 to 700 million per year, CAPA India said.
($1 = 83.4575 Indian rupees)
(Reporting by Shivansh Tiwary in New Delhi, Writing by Nandan Mandayam in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected]; Mobile: +91 9591011727;))
Adds background on Indian aviation market, airports, exec quote paragraphs 3-7, 8-9
By Shivansh Tiwary and Nandan Mandayam
NEW DELHI, June 7 (Reuters) - India's airports are likely to report strong pre-tax profit growth in the fiscal year ended 2025, a top consultancy said on Friday, as demand for air travel stays robust and the country aims to become a major global aviation hub.
The airport industry's pre-tax profit will rise to 103.7 billion rupees ($1.24 billion), up about 35% from 76.8 billion rupees a year ago, aviation consultancy CAPA India's Vice President Paramprit Singh Bakshi said at an industry event in New Delhi.
Operators' revenue is forecast to grow 14.8% in the current year, helped by steady domestic passenger growth and a quick-paced rebound in international travel.
"All airports have seen very, very robust international recovery, especially from the perspective of post COVID," Bakshi said.
Indian airport operators have also benefitted as the government has driven investments to develop new terminals and refurbish existing ones.
Most hubs are run by the state-owned Airports Authority of India (AAI) but GMR Airports GMRA.NS, which runs the country's busiest airport in capital New Delhi, the Adani Group and Fairfax India FIHu.TO are key private players.
The world's most populous nation expects to have 350 airports by 2030, up from 144 in 2019, according to an earlier CAPA India estimate and government data.
As airlines like IndiGo INGL.NS and Air India begin to receive jets from their record orders and as newer airports start operations, domestic passenger traffic would hit 600 to 700 million per year, CAPA India said.
($1 = 83.4575 Indian rupees)
(Reporting by Shivansh Tiwary in New Delhi, Writing by Nandan Mandayam in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected]; Mobile: +91 9591011727;))
Gmr Airports Infrastructure March-Quarter Consol Net Loss Narrows
May 29 (Reuters) - GMR Airports Infrastructure Ltd GMRI.NS:
MARCH-QUARTER CONSOL NET LOSS 1.21 BILLION RUPEES VERSUS LOSS 4.41 BILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 24.47 BILLION RUPEES VERSUS 18.90 BILLION RUPEES
Source text for Eikon: ID:nNSE90K7t6
Further company coverage: GMRI.NS
(([email protected];))
May 29 (Reuters) - GMR Airports Infrastructure Ltd GMRI.NS:
MARCH-QUARTER CONSOL NET LOSS 1.21 BILLION RUPEES VERSUS LOSS 4.41 BILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 24.47 BILLION RUPEES VERSUS 18.90 BILLION RUPEES
Source text for Eikon: ID:nNSE90K7t6
Further company coverage: GMRI.NS
(([email protected];))
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What does GMR Airports do?
GMR Airports Infrastructure Limited, a subsidiary of GEPL, specializes in developing, operating, and maintaining airports with integrated security solutions. They manage key airports in India and the Philippines, known for innovation and growth.
Who are the competitors of GMR Airports?
GMR Airports major competitors are NBCC (India), ITD Cementation, NCC, Engineers India, Power Mech Projects, ISGEC Heavy Engg., ION Exchage. Market Cap of GMR Airports is ₹89,456 Crs. While the median market cap of its peers are ₹13,379 Crs.
Is GMR Airports financially stable compared to its competitors?
GMR Airports seems to be less financially stable compared to its competitors. Altman Z score of GMR Airports is 1.27 and is ranked 8 out of its 8 competitors.
Does GMR Airports pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. GMR Airports latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has GMR Airports allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is GMR Airports balance sheet?
GMR Airports balance sheet is weak and might have solvency issues
Is the profitablity of GMR Airports improving?
No, profit is decreasing. The profit of GMR Airports is -₹1,001.72 Crs for TTM, -₹559.27 Crs for Mar 2024 and -₹179.26 Crs for Mar 2023.
Is the debt of GMR Airports increasing or decreasing?
Yes, The net debt of GMR Airports is increasing. Latest net debt of GMR Airports is ₹36,690 Crs as of Mar-25. This is greater than Mar-24 when it was ₹29,636 Crs.
Is GMR Airports stock expensive?
GMR Airports is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of GMR Airports is 0.0, while 3 year average PE is 12.72. Also latest EV/EBITDA of GMR Airports is 33.58 while 3yr average is 31.69.
Has the share price of GMR Airports grown faster than its competition?
GMR Airports has given better returns compared to its competitors. GMR Airports has grown at ~23.48% over the last 9yrs while peers have grown at a median rate of 13.37%
Is the promoter bullish about GMR Airports?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 66.24% and last quarter promoter holding is 66.07%.
Are mutual funds buying/selling GMR Airports?
The mutual fund holding of GMR Airports is decreasing. The current mutual fund holding in GMR Airports is 2.4% while previous quarter holding is 2.53%.