Shares of GMR Airports fell nearly 5% after the company announced its financial results for the second quarter of FY25. Despite posting growth in revenue, the company continues to grapple with profitability challenges, reporting a significant net loss for the quarter.
Key Financial Highlights:
- Revenue from Operations:
GMR Airports reported a revenue of ₹2,495.46 crore for the quarter ending September 30, 2024, reflecting a 21% year-on-year increase compared to ₹2,063.50 crore in Q2 FY24. On a quarter-on-quarter basis, revenue grew by 3.88%, up from ₹2,402.20 crore in Q1 FY25. - Net Loss:
The company’s net loss for Q2 FY25 widened to ₹428.77 crore. This marks a substantial increase compared to the ₹337.57 crore loss in the previous quarter and ₹190.35 crore in Q2 FY24. Despite growing revenues, GMR Airports continues to struggle with increasing losses, highlighting the ongoing challenges in maintaining financial stability.
As GMR Airports works to address these challenges, investors will be watching closely for strategic measures aimed at improving the company’s financial outlook in the coming quarters.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
