GMR Airports Handles 28 Million Passengers, but Its Profitability Raises a Bigger Question
India, Nov. 1 -- GMR Airports has reported significant operational momentum, driven by substantial multi-million passenger traffic across its airport network alongside expansion in non-aeronautical businesses, including cargo, parking, and hospitality. While these operational drivers underscore strong commercial activity and long-term sustainability, market performance presents a contrasting view.
With a market capitalization of Rs. 92,707.85 crore, the shares of GMR Airports Ltd were trading at Rs. 86.96 per share, down 0.62 percent from its previous closing price of Rs. 87.50 apiece. The stock trades at a P/E of 117.68x on a consolidated basis.
More Revenue, But Limited Operating Leverage
In the second quarter of the fiscal year 2027,...
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