GMR Airports shares experienced a decline of 2.27%, with the stock trading at Rs 87.10. The stock is among the top losers on the Nifty Midcap 150 index.
On the financial front, GMR Airports has shown the following performance:
Financial Performance (Consolidated):
Income Statement (Quarterly - Crore)
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | |
|---|---|---|---|---|---|
| Sales | Rs 2,402 | Rs 2,495 | Rs 2,653 | Rs 2,863 | Rs 3,205 |
| Other Income | Rs 120 | Rs 102 | Rs 94 | Rs 113 | Rs 115 |
| Total Income | Rs 2,522 | Rs 2,598 | Rs 2,748 | Rs 2,976 | Rs 3,320 |
| Total Expenditure | Rs 1,972 | Rs 2,001 | Rs 1,731 | Rs 2,255 | Rs 2,483 |
| EBIT | Rs 550 | Rs 596 | Rs 1,016 | Rs 721 | Rs 837 |
| Interest | Rs 889 | Rs 1,030 | Rs 829 | Rs 955 | Rs 949 |
| Tax | Rs 37 | Rs 42 | Rs 44 | Rs 56 | Rs 72 |
| Net Profit | -Rs 377 | -Rs 477 | Rs 143 | -Rs 290 | -Rs 183 |
The revenue for GMR Airports has increased consistently over the last five quarters, from Rs 2,402.20 Crore in June 2024 to Rs 3,205.23 Crore in June 2025. However, the company has seen fluctuating net profit, with losses in June 2024 (Rs -377.07 Crore), September 2024 (Rs -477.40 Crore), and March 2025 (Rs -290.48 Crore), but a profit in December 2024 (Rs 143.23 Crore). The net loss in June 2025 was Rs -183.66 Crore.
Income Statement (Annual - Crore)
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales | Rs 3,566 | Rs 4,600 | Rs 6,693 | Rs 8,754 | Rs 10,414 |
| Other Income | Rs 430 | Rs 358 | Rs 595 | Rs 452 | Rs 421 |
| Total Income | Rs 3,996 | Rs 4,959 | Rs 7,288 | Rs 9,206 | Rs 10,835 |
| Total Expenditure | Rs 3,664 | Rs 3,775 | Rs 5,757 | Rs 7,139 | Rs 7,951 |
| EBIT | Rs 332 | Rs 1,183 | Rs 1,531 | Rs 2,067 | Rs 2,884 |
| Interest | Rs 1,803 | Rs 2,018 | Rs 2,343 | Rs 2,928 | Rs 3,704 |
| Tax | -Rs 286 | -Rs 12 | Rs 114 | Rs 192 | Rs 181 |
| Net Profit | -Rs 1,184 | -Rs 823 | -Rs 925 | -Rs 1,054 | -Rs 1,001 |
GMR Airports has demonstrated strong revenue growth on an annual basis, with sales increasing from Rs 3,566 Crore in 2021 to Rs 10,414 Crore in 2025. Despite the increase in revenue, the company has not been profitable, with a net loss of Rs 1,001 Crore in March 2025.
Cash Flow (Consolidated - Crore)
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 3 | Rs 3,256 | Rs 2,299 | Rs 3,880 | Rs 3,442 |
| Investing Activities | Rs 2,433 | -Rs 1,896 | -Rs 2,422 | -Rs 5,788 | -Rs 3,672 |
| Financing Activities | -Rs 1,055 | -Rs 3,893 | Rs 1,731 | Rs 466 | -Rs 1,009 |
| Others | Rs 0 | -Rs 146 | Rs 12 | -Rs 3 | Rs 0 |
| Net Cash Flow | Rs 1,381 | -Rs 2,680 | Rs 1,620 | -Rs 1,445 | -Rs 1,240 |
The cash flow from operating activities for GMR Airports has been positive, with Rs 3,442 Crore in March 2025. The company's investing activities have resulted in negative cash flow, with Rs -3,672 Crore in March 2025.
Balance Sheet (Consolidated - Crore)
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Share Capital | Rs 603 | Rs 603 | Rs 603 | Rs 603 | Rs 1,055 |
| Reserves & Surplus | -Rs 2,321 | -Rs 1,421 | -Rs 1,396 | -Rs 2,767 | -Rs 3,559 |
| Current Liabilities | Rs 14,126 | Rs 6,430 | Rs 9,078 | Rs 7,561 | Rs 8,859 |
| Other Liabilities | Rs 37,552 | Rs 31,497 | Rs 35,825 | Rs 43,285 | Rs 42,400 |
| Total Liabilities | Rs 49,960 | Rs 37,110 | Rs 44,111 | Rs 48,683 | Rs 48,756 |
| Fixed Assets | Rs 18,957 | Rs 20,064 | Rs 25,895 | Rs 29,973 | Rs 31,589 |
| Current Assets | Rs 14,540 | Rs 6,641 | Rs 8,878 | Rs 8,041 | Rs 5,848 |
| Other Assets | Rs 16,462 | Rs 10,403 | Rs 9,338 | Rs 10,667 | Rs 11,319 |
| Total Assets | Rs 49,960 | Rs 37,110 | Rs 44,111 | Rs 48,683 | Rs 48,756 |
| Contingent Liabilities | Rs 16,814 | Rs 10,902 | Rs 7,698 | Rs 8,544 | Rs 0 |
GMR Airports' total liabilities have remained relatively stable, with Rs 48,756 Crore in March 2025. The company's fixed assets have increased steadily from Rs 18,957 Crore in 2021 to Rs 31,589 Crore in 2025.
According to corporate announcements, GMR Airports provided a monthly traffic update for August 2025 and an update on tariff matters. The company also announced the incorporation of a special purpose vehicle.
GMR Airports has a history of corporate actions, including final dividends, rights issues, and stock splits. The company announced a final dividend on May 30, 2014, of Rs 0.10 per share (10%), effective September 9, 2014. A rights issue was announced on September 16, 2014, with an existing ratio of 14 and an offered ratio of 3.
Moneycontrol analysis indicates a neutral sentiment for GMR Airports as of September 24, 2025.
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