A Merger Between Two GMR Group Entities Results in an Airport Pure-Player

Justin Lee

Singapore

February 25, 2024

Delhi 1

Passenger traffic at GMR Group’s airports in India, Indonesia and the Philippines have seen a strong recovery from the pandemic. More significantly, the year 2024 will see the completion of the merger between GMR Airports Infrastructure Limited (GIL) and the unlisted GMR Airports Ltd (GAL), its joint venture with Aéroports de Paris (Groupe ADP).

GMR Airports YTD FY2024 (Apr-Dec 2023) Passenger Traffic YOY Growth

  No. of Pax YOY Change
Delhi               54,475,617 14%
Hyderabad               18,569,571 21%
Mopa (Goa)                 3,062,553 -
Medan (Indonesia)                 5,574,886 18%
Cebu (Philippines)                 7,785,005 60%
                89,467,632 23.40%

@GMR Airports Infrastructure Limited Dec 2023 Monthly Investor Presentation

 

For YTD FY2024 (April – Dec 2023), the airports operated by GMR Group , including Medan Airport in Indonesia and Mactan Cebu International Airport in the Philippines, saw a 23.4% year-on-year increase in passenger traffic to 89.5 million.

About half of the increase in passenger traffic during the period was contributed by Delhi Airport, which saw 14% year-on-year growth to 54.5 million passengers.

At Hyderabad Rajiv Gandhi International Airport, passenger traffic grew by 21% year-on-year over the YTD FY2024 (April – Dec 2023) period.

HYD

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