GMR Airports Sees 11% YoY Passenger Traffic Growth in January, Declines 2% MoM

GMR Airports, Asia’s largest private airport operator, has reported an 11% year-on-year (YoY) increase in passenger traffic for January 2025, reaching a total of 1.06 crore.

However, the airport operator saw a slight 2% month-on-month (MoM) decline in passenger numbers compared to December 2024. Despite the MoM dip, the overall trend shows steady growth in demand for air travel.

Increase in Aircraft Movements

The company also reported a 9% YoY rise in aircraft movements, which totalled 63,767 for January 2025. Compared to December 2024, this figure saw a marginal 1% dip, indicating a slight seasonal slowdown in operations.

Domestic and International Traffic Trends

Domestic passenger traffic saw an 11% YoY increase, while international traffic surged 12.4% YoY, highlighting the steady and growing demand for air travel on both domestic and international routes.

Financial Performance for Q3 FY25

The positive traffic growth coincided with GMR Airports’ strong financial performance for the December quarter of FY25. The company reported a net profit of ₹202.1 crore, a sharp turnaround from the net loss of ₹486.4 crore recorded in the same quarter of the previous year.

Revenue and EBITDA Growth

GMR Airports also saw a significant rise in revenue, which increased by 19.2% YoY to ₹2,653.2 crore. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 48.3% YoY, totalling ₹991.7 crores. The EBITDA margin also improved to 37.4%, compared to 30% in Q3 FY24, reflecting strong operational efficiency.

Expanding Global Presence

GMR Airports manages some of India’s major airports, including Delhi International Airport, Hyderabad International Airport, and New Goa International Airport.

Additionally, the company operates overseas airports in Cebu, Philippines, and Medan, Indonesia. The strong performance and robust growth across both passenger traffic and financial results reinforce GMR Airports’ position as a leader in the global airport industry.

Stocks Performance 

On February 18, 2025, GMR Airports share price traded 0.68% lower at ₹69.74 at 9:57 AM (IST). GMR Airports’s share price reached a 52-week high of ₹103.70, and a 52-week low of ₹68.30. As per BSE, the total traded volume for the stock stood at 0.27 shares with a turnover of ₹19.06 lakhs.

At the current price, GMR Airports shares are trading at a price-to-earnings (P/E) ratio of -348.70x, based on its trailing 12-month earnings per share (EPS) of ₹-0.20, and a price-to-book (P/B) ratio of 1.54, according to exchange data.

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