In the second quarter ended September 30, 2023, GMR Airports’ consolidated net loss narrowed to ₹190 crore from loss of ₹197 crore in the year-ago period. The total income rose 25% year-on-year to ₹1,607 crore in Q2 FY24, driven by strong growth in traffic. On the operating front, earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 34% YoY to ₹848 crore in Q2 FY24 as compared to the same period last year.
Incorporated in 1998, GMR Airports is the largest private airport operator in Asia and the second largest in the world with a passenger handling capacity of over 189 million annually. The GMR group operates in the lines of business of airport development, operations and management, and energy, and is involved in the development of more than 25 airports across the country.
Expanding its overseas footprint, the company is developing and operating…
