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Key Points

GMR Airports has reported a consolidated loss of Rs 253 crore for the January-March quarter of 2024-25, an increase from the previous year's Rs 168 crore loss. Despite the financial challenges, the company saw total income rise to Rs 2,977 crore and experienced a 9% growth in passenger traffic across its airports. The company operates key airports in Delhi, Hyderabad, and Goa, with international ventures in Indonesia and Greece. A recent tariff order is expected to improve future profitability and cash flow generation for GMR Airports.

Key Points: GMR Airports Reports Rs 253 Crore Loss in Q4 FY25

  • GMR Airports experiences Rs 253 crore loss in Q4
  • Total income rises to Rs 2,977 crore despite higher expenses
  • Passenger traffic grows 9% year-on-year across airports
  • Tariff order expected to improve future profitability
2 min read

GMR Airports piles up Rs 253 crore loss in January-March quarter

GMR Airports sees increased loss despite higher income, passenger traffic growth, and strategic international airport developments

"Total passenger traffic at GAL-owned airports increased by 9 per cent year-on-year - GMR Airports Regulatory Filing"

New Delhi, May 23

GMR Airports on Friday reported an increase in its consolidated loss to Rs 253 crore for the January-March quarter of 2024-25, even as the company’s total income increased during this period.

The company had made a loss of Rs 168 crore in the same quarter of the previous year.

GMR Airports said in a regulatory filing that its total income rose to Rs 2,977 crore in the fourth quarter of 2024-25 from Rs 2,570 crore in the year-ago period.

During the fourth quarter, EBITDA stood at Rs 1,122.74 crore in the March quarter 2025, registering a growth of 19.39 per cent YoY.

Total expenses shot up 13.73 per cent year-on-year to Rs 1,854.02 crore in the quarter ended March 31, 2025. Cost of materials consumed stood at Rs 42.80 crore, employee benefits expenses were at Rs 393.52 crore, and other expenses were at Rs 586.63 crore in Q4 FY25

For the full financial year 2024-25, the company's loss worked out to Rs 817 crore compared to the loss of Rs 829 crore in the same period a year ago.

GMR Airports Ltd (GAL) operates the Delhi, Hyderabad, and Mopa (Goa) airports. Besides, it is developing the Bhogapuram Airport in Andhra Pradesh.

"Total passenger traffic at GAL-owned airports increased by 9 per cent year-on-year, 31.5 million in Q4 FY25, and 9 per cent year-on-year to 120.5 million in FY25," the regulatory filing said.

GAL is also operating Medan Airport in Indonesia and developing Crete Airport in Greece as part of its overseas ventures.

GAL said the tariff order issued by regulator AERA for the fourth control period ending March 31, 2029, would significantly improve the aero revenue of its operations at the Delhi airport, which in turn would lead to an increase in the overall profitability and cash flow generation at DIAL and the company.

The tariff order came into effect on April 16, 2025.

"The financials of DIAL and GAL would have been better, had this order been issued during FY25," the filing said.

The GAL share prices fell over 2 per cent to Rs 87.08 apiece in late afternoon trade on BSE.

- IANS

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Reader Comments

R
Rajesh K.
Losses increasing despite higher income shows serious operational inefficiencies. GMR needs to control expenses better - employee costs at ₹393 crore is too high! Hope the new tariff order helps Delhi airport become more profitable. 🤞
P
Priya M.
As frequent flyer from Hyderabad airport, I must say service quality has improved. But if they're making losses, does this mean airport charges will increase? That would be bad for passengers during already expensive travel times.
A
Arjun S.
Interesting that international ventures (Indonesia, Greece) aren't mentioned in financial breakdown. Are they profitable? Or dragging down Indian operations? More transparency needed from GMR about global projects.
S
Sunita R.
Passenger traffic up 9% but losses continue? Something doesn't add up. Maybe too much focus on expansion when core operations need fixing first. Bhogapuram airport is important for Andhra but at what cost?
V
Vikram J.
The 19% EBITDA growth is positive sign at least! Maybe next quarter will be better with new tariff regime. Delhi airport is world-class now - worth investing in quality infrastructure even if short-term losses happen.
N
Neha T.
As shareholder, I'm concerned about falling share prices. Company keeps saying "next quarter will be better" but results don't show. Maybe time for management changes? We need stronger leadership to turn this around.

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