GMR Airports Infrastructure's Q2FY24 Financial Performance Review

In this financial performance review, we delve into the results of GMR Airports Infra for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.

 

ParticularsQ2FY23(YoY)% changeQ1FY24(QoQ)% changeQ2FY24
Total Income (₹crs.)1,74725.012,1431.912,184
Expenses (₹crs.)1,11519.821,2655.611,336
Net Profit (₹crs.)-197-14.7215-1220-168
Margin (%)-11.283.580.70-8.39-7.69

 

REVENUE: 
GMR Airports Infra reported a total revenue of ₹2,184 crores for the second quarter of fiscal year 2024. This reflects a steady growth of 1.91% sequentially. Year-on-year, the company has achieved significant growth, with a 25.01% increase compared to Q2FY23.

 

EXPENSES: 
The company recorded expenses amounting to ₹1,336 crores in Q2FY24, representing a 5.61% increase annually. Additionally, when compared to the previous year's second quarter, expenses have risen by 19.82%. 

 

NET PROFIT: 
In the second quarter of the fiscal year 2024, they reported a net loss of -₹168 crores. This significant loss represents a sharp decline compared to the marking a substantial decrease of -1220%. Year-on-year, the net profit has also seen a decline of -14.72% compared to the net profit of in the second quarter of the previous fiscal year.

 

MARGINS: 
The margin for Q2FY24 is notably low, standing at -7.69%. This figure reflects an 8.39% decrease compared to the margin in the preceding quarter. Year-on-year, the margin has showed a slight improvement of 3.58%.

 

In conclusion, GMR Airports Infra's financial performance in the second quarter of fiscal year 2024 exhibits mixed results. While the company has shown growth in revenue year-on-year, expenses have also risen significantly. However, the most notable change is the substantial decline in net profit, leading to a negative margin in the second quarter of this fiscal year. The company may need to address the factors contributing to increased expenses and declining profitability to ensure sustained financial performance in the future.

 

Stay tuned for more updates on upcoming financial performances.

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