GMR Airports has released its Q2 FY25 financial results, showing growth in revenue from operations but continuing to face challenges with profitability. The company posted a significant net loss for the quarter, reflecting struggles in maintaining financial stability despite higher revenues.
Key Financial Highlights:
- Revenue from Operations:
- GMR Airports recorded revenue of ₹2,495.46 crore for the quarter ended September 30, 2024.
- This represents a 21% YoY increase compared to ₹2,063.50 crore in Q2 FY24.
- On a QoQ basis, revenue saw a growth of 3.88% from ₹2,402.20 crore in Q1 FY25.
- Net Loss:
- The net loss for Q2 FY25 widened to ₹428.77 crore.
- This is a substantial increase from the ₹337.57 crore loss in Q1 FY25 and ₹190.35 crore in Q2 FY24.
- Despite the growth in revenue, the company’s net loss has expanded both YoY and QoQ, highlighting ongoing profitability challenges.
GMR Airports is likely focusing on strategic measures to address its rising losses as it works towards improving its financial outlook.
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