GMR AIRPORTS LIMITED — Board Meeting, 22-05-2025: Outcome of Board Meeting

GMR Airports Limited has announced a board meeting approving the consolidated financial results for the quarter and year ended March 31, 2025. The Group posted a consolidated loss of Rs. 817 crore, driven by higher depreciation and finance costs after recent project capitalizations. The merger with GMR Infra Developers is complete, enhancing equity. $25 million FCCBs were converted into equity with waived interest, generating an exceptional gain. The company increased its stake in Delhi International Airport to 74% after acquiring shares from Fraport AG. Litigation outcomes favor DIAL, and a new duty-free concession at Delhi Airport starts July 2025, boosting future revenues. Operational disruptions from weather damage were managed with insurance claims underway.