GMR Airports shares in focus after passenger traffic rises 11% YoY in January
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GMR Airports shares will be in focus after the company reported an 11% year-on-year (YoY) rise in passenger traffic for January 2025 to 1.06 crore, though it slipped 2% month-on-month (MoM). Aircraft movements increased 9% YoY to 63,767 but saw a marginal 1% decline from December. Domestic passenger traffic grew 11% YoY, while international traffic surged 12.4%, reflecting steady demand across key routes. GMR Airports, which operates major hubs like Delhi, Hyderabad, and New Goa airports in India, as well as Cebu (Philippines) and Medan (Indonesia), posted a net profit of Rs 202.1 crore in Q3 FY25, rebounding from a Rs 486.4 crore loss a year ago. Revenue rose 19.2% YoY to Rs 2,653.2 crore, while EBITDA surged 48.3% to Rs 991.7 crore, with margins improving to 37.4% from 30% in Q3 FY24. Also Read: Stocks in news: Zomato, Paytm, SBI Card, GMR Airports, Uno Minda, Ajax Engineering GMR Airports shares target price As per Trendlyne data, the ...