GMR AIRPORTS LIMITED — Important, 18-11-2024: Updates

GMR Airports reported robust traffic figures for October 2024, with total passenger traffic reaching over 10.7 million, up 9% year-on-year (YoY). This marks a consistent performance, maintaining passenger levels above 10 million each month since December 2023. Delhi and Hyderabad airports recorded significant increases, with Delhi handling 6.4 million passengers (6% YoY) and Hyderabad surpassing 2.5 million (22% YoY).

In terms of cargo, the company achieved its highest volume yet in YTD FY25, moving approximately 0.65 million metric tonnes, indicating a 14.8% YoY increase. The expansion of service routes continues, with new flights launched from Delhi to Calgary and additional connections for Hyderabad and Mopa airports. Various digital innovations were also introduced to enhance traveler experiences, which could improve overall customer satisfaction. This ongoing growth suggests a positive outlook for GMR Airports as it capitalizes on rising passenger demand and operational enhancements. Investors should watch closely as these developments unfold.