GMR Airports has reported its Q2 FY25 financial results, showcasing a year-on-year (YoY) and quarter-on-quarter (QoQ) growth in revenue from operations while the company continues to post a net loss.
Key Financial Highlights:
- Revenue from Operations: The company recorded revenue of ₹2,495.46 crore for the quarter ended September 30, 2024. This reflects a 21% YoY increase compared to ₹2,063.50 crore in Q2 FY24 and a 3.88% QoQ growth from ₹2,402.20 crore in Q1 FY25.
- Net Loss: The net loss for GMR Airports in Q2 FY25 stood at ₹428.77 crore, a significant increase from the loss of ₹337.57 crore in Q1 FY25 and ₹190.35 crore in Q2 FY24. This marks a widening of the company’s losses both on a quarter-on-quarter and year-on-year basis. Despite growth in revenue, the company continues to struggle with profitability challenges
The company has shown revenue growth but continues to face challenges with its bottom line.
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