GMR Airports

GMR Airports stock outlook: As the company entered quarter 3, historically the strongest quarter for travel and tourism, the management remains confident in the sector's trajectory.

Shares of GMR Airports hit a multi-year high of ₹104.80, as they surged 7 per cent in intra-day deal on back of over nine-fold jump in average trading volumes.

The buying on the counter came after, according to Bloomberg data, in the pre-opening session, 45.5 million equity shares changed hands in the pre-market session in a block deal

Breakout stocks: GMR Airports, Mahanagar Gas, Redington, JSW Infrastructure and Bank of Maharashtra can rally up to 28%, suggest technical charts.

GMR Airports' shares gained today after the company announced it had received a Letter of Intent to Award (LOIA) from its subsidiary Delhi International Airport Limited (DIAL).

It will also raise around ₹4,200 crore through the sale of three-year bonds, with large foreign lenders set to absorb this supply

GMR Airports stock outlook: CareEdge Ratings projects a robust 9% CAGR in air passenger traffic over FY25- FY27, with international traffic growth expected to outpace domestic growth.

A tribunal has allowed GMR and Adani Airport to include non-aero revenue in tariff model, boosting earnings at Delhi and Mumbai airports; flyers and airlines may face higher charges as a result

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GMR Airports Ltd on Wednesday said its subsidiary GMR Hyderabad International Airport Ltd will buy 70 per cent stake in its associate company ESR GMR Logistics Park Pvt Ltd for a little over Rs 41 crore. GMR Hyderabad Aerotropolis Ltd (GHAL), a wholly owned subsidiary of GMR Hyderabad International Airport, already holds 30 per cent stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL). For the transaction, GMR Hyderabad International Airport has entered into a share purchase agreement with other shareholders. "Upon conclusion of the transaction, EGLPPL would become a wholly owned subsidiary of GHIAL," a regulatory filing said. EGLPPL, an associate company of GMR Hyderabad International Airport, is into development of warehousing and logistics park in Hyderabad. The transaction will be in furtherance to GMR Hyderabad International Airport's strategy of airport land development at Hyderabad such as building and creating diversified asset portfolios of industrial & warehousing, ...

Technical chart suggests that Coromandel International could face some downward pressure in the near-term; while GMR Airport, Authum Investment and Le Travenues look good for near-term gains.

The uptick in the company's share price came following the news that its step-down subsidiary, GMR Airport Developers, had acquired GADL LLC

GMR Airports Ltd on Friday said it has hiked its stake in Delhi airport operator DIAL to 74 per cent after completing the acquisition of 10 per cent shareholding from Germany's Fraport. Last September, the company, which is part of the GMR Group, announced entering into a share purchase agreement with Fraport AG Frankfurt Airport Services Worldwide for buying the 10 per cent stake in Delhi International Airport Ltd (DIAL) for USD 126 million. "On receipt of requisite approvals and fulfilment of conditions precedent, the process of transfer of shares and exchange of consideration between the company and Fraport has been concluded. "Post this acquisition, the company's shareholding in DIAL now stands increased from 64 per cent to 74 per cent," GMR Airports said in a regulatory filing on Friday. Airports Authority of India (AAI) holds the remaining 26 per cent stake in DIAL, which operates the Indira Gandhi International Airport in the national capital and that is also the country's .

GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis. The management committee of the company's board on Tuesday allotted 1,10,000 rupee-denominated listed, unsecured, rated, redeemable non-convertible bonds on the private placement basis on receipt of Rs 1,100 crore, according to a regulatory filing. The bonds have a coupon rate of 5 per cent and a tenure of 36 months. The coupon shall be payable annually until the date of redemption and the bonds do not carry any special right/interest/privileges, the filing said. GMR Airports operates three airports in India -- Delhi, Hyderabad and Goa -- and two airports in the Philippines and Indonesia.

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Traditional aeronautical revenue contributed just 20 per cent to Delhi airport's total earnings in the first nine months of FY25, while 57 per cent came from non-aero activities

Swinging into the black, GMR Airports Ltd (GAL) on Tuesday reported a profit after tax of Rs 202 crore for the three months ended December 2024. GAL, which owns the airport business of GMR Group, had posted a loss of Rs 486 crore in the year-ago period. These figures are after tax from continuing operations. In the third quarter of the current fiscal, the company's net income rose to Rs 2,081 crore from Rs 1,738 crore a year ago, according to a regulatory filing. Airports at Delhi and Hyderabad, which are under GAL, saw rising air traffic in the 2024 December quarter. At the Delhi airport, passenger traffic "increased to 20.3 million, up by 8.1 per cent YoY from 18.8 million in Q3 FY24," the filing said. GMR Group also operates Goa airport as well as two airports in the Philippines and Indonesia.

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In its October update, GMR Airports said that it handled more than 10.7 million passengers across all airports which implies 9.2 per cent rise Y-o-Y