29-Oct-2026 08:17:00
GMRAIRPORTGeneral news
JEFFERIES ON GMR AIRPORTS ; BUY | TP ₹135
• Q2 EBITDA: DOWN 2% YoY at ₹1,480 Cr despite higher revenue. • Passenger Traffic: UP just 1.4% YoY, indicating muted growth. • Hyderabad & Goa Airports: Passenger traffic remains weak, impacting overall growth. • Non-Aeronautical Revenue: UP 17% YoY, supporting revenue growth. • Revenue Yields: Improving yields help offset weak passenger traffic. • Operating Performance: Higher revenue fails to translate into EBITDA growth. • Impact: Mixed 🟡
GMR AIRPORTS LIMITED