GMR Airports Shares in Focus; To Acquire Stake in BD General Aviation Services

GMR Airports has signed a share purchase agreement to acquire up to 5,00,000 equity shares and 1.9 crore preference shares of BDGASPL for ₹15.02 crore, aiming to strengthen its position in the airport and related sectors.

Stake Acquisition Details

GMR Airports Limited has entered into a share purchase agreement to acquire up to 5 lakh equity shares and up to 1.9 crore Non-Cumulative Compulsorily Convertible Preference Shares (CCPS) of BD General Aviation Services Private Limited (BDGASPL).

The acquisition will represent 50% of BDGASPL’s paid-up share capital, with a total consideration of approximately ₹15 crore.

BDGASPL, established in 2005, operates the General Aviation Terminal, Maintenance Center, and related facilities at IGI Airport, New Delhi.

The company reported revenues of ₹64 crore in FY 2024, showing steady growth over the past few years. This acquisition will strengthen GMR’s position in airport-related businesses and is not considered a related party transaction.

Q2 FY25 Financial Highlights

GMR Airports Ltd reported a net loss of ₹429 crore for Q2 FY25, a significant increase from the ₹190 crore loss posted in the same quarter of the previous year.

Despite this, the company’s revenue from operations grew by 21% year-on-year, reaching ₹2,495 crore, up from ₹2,064 crore in Q2 FY24. EBITDA also saw a positive rise of 18.3%, amounting to ₹859 crore, though the EBITDA margin slightly decreased to 34.4% compared to 35.2% in Q2 FY24.

Passenger traffic continued to increase at both Delhi and Hyderabad airports, with a total 8% rise in traffic, totalling 31.5 million passengers for Q2 FY25. The performance at Delhi and Hyderabad airports reflected growth, with both airports seeing increased domestic and international passenger traffic.

Share Price Performance

GMR Airports’ share price rose by 0.30%, trading at ₹77.04 at 9:40 AM on the NSE. The stock opened at ₹77.36, up from its previous close of ₹76.81. This marks a continuation of its upward momentum, with gains of around 0.5% over the past two trading sessions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.