GMR Airports Reports Strong October Traffic Growth and Share Performance

GMR Airports Infrastructure Ltd. reported robust growth in October 2024, handling over 1 crore passengers, a 9.2% year-on-year (YoY) increase. Both domestic and international passenger traffic rose by 9.2% YoY. Since December 2023, monthly passenger volumes have consistently exceeded 1 crore, showcasing steady operational performance.

The company also recorded 71,598 aircraft movements in October, reflecting a 9% YoY and 7% month-on-month (MoM) growth. Cargo handling surpassed 1,00,000 tonnes for the second consecutive month, adding to the company’s operational achievements.

FY25 Milestones

So far in FY25, GMR Airports has achieved its highest-ever performance metrics:

• Passenger Traffic: 7.4 crore passengers.
• Aircraft Movements: 4.8 lakh.
• Cargo Handling: 6.5 lakh tonnes.

These figures underline significant year-to-date growth, supported by consistent monthly volumes.

Airport-Specific Achievements

• Hyderabad Airport: In October 2024, it handled 24 lakh passengers, marking a 21.7% YoY increase. Domestic traffic grew by 22.7%, while international traffic rose by 16.3%.
• Delhi Airport: Achieved 39,000 aircraft movements in October 2024, its highest in five years.
• Goa Airport: Served 3.5 lakh passengers in October 2024. Year-to-date, passenger traffic reached 25 lakh, up 13.1% YoY. Notably, international traffic surged by 386% YoY, driven by new international operations since July 2023.

GMR Airports Share Performance

On November 19, 2024, GMR Airports Infrastructure share price saw a notable rise, closing 2.74% higher at ₹80.15. The stock opened at ₹80.50, hit a high of ₹82.40, and recorded a low of ₹79.15 during the trading session. Trading volumes were robust, with 43 million shares traded, signalling positive investor sentiment.

Despite underperforming the broader market year-to-date with a mere 2% gain compared to the Nifty 50’s 9% rise, the stock has shown improvement in November, rising nearly 3% after a few months of negative returns.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.