GMR AIRPORTS INFRA Q3
Air India to set up pilot training school at Amravati
The aviation landscape in India is witnessing a transformative phase with major players like IndiGo, Akasa, Air India, and the GMR group investing in extensive training programs to meet the surging demand for skilled pilots and engineers. Air India's Amravati pilot training school is set to be operational by Q1 FY26.
Crumbling roofs are very far from Viksit
Delhi airport's infrastructure challenges highlight the urgent need for efficient planning and resource allocation in India by 2024.
Jefferies initiates coverage on GMR Airports, with a target price of Rs 100
Jefferies initiates coverage on GMR Airports with a 'buy' rating and a target price of Rs 100, anticipating a 3 times growth in EBITDA over 5 years. The company's strategic position, growth potential, and real estate monetisation drive optimism.
Pre-market action: Here's the trade setup for today's session
"Overall, we expect markets to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling and the outcome could keep volatility higher," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
3 stocks Rajesh Palviya is bullish on for next week
But overall stock-specific action is clearly there in the market. The sectors which have already shown the breakout in the recent past are continuously showing the buying interest.
GMR Highways raises Rs 700 cr debt to prepay Yes Bank
GMR Highways has raised ₹700 crore debt from foreign portfolio investors Zeal Global Opportunities Fund and Nova Global Opportunities Fund to prepay loans raised from Yes Bank. Both invested ₹350 crore each in secured, unlisted, and unrated bonds of GMR Highways maturing on February 20, 2028. The bonds have been issued at 14% per annum for 48 months, with the company pledging 100% of its equity shares and providing a corporate guarantee.
GIFT Nifty down 15 points; here's the trading setup for today's session
"The overall trend remains positive and thus we recommend investors to continue with the buy on dips strategy," Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
GMR group among favorites to win $3 billion Manilla airport project
Saurabh Chawla, Executive Director (Finance & Corporate Strategy) of GMR Group, stated that the group plans to continue operations both domestically and internationally. They are awaiting the bid results for the Ninoy Aquino International Airport redevelopment project, which will be announced on February 14.
Adani Enterprises Q3 Results: Net profit soars 130% YoY to Rs 1,888 crore
Adani Enterprises Q3 Results: The company's revenue from operations increased 6% YoY to Rs 28,336 crore in the reporting period, compared with Rs 26,612 crore in the corresponding quarter of the previous year. Consolidated EBIDTA for the quarter soared 89% to Rs 3,717 crore against Rs 1,968 crore in the year-ago quarter.
Infrastructure stocks mixed as Budget lives up to Dalal Street expectations
Analysts had expected government capex to further increase by 10-15% for FY25. In FY24, the government had pegged a capex target of Rs 10 lakh crore. Of the total outlay for FY25, the government has allocated Rs 2.78 lakh crore for the road transport and highways ministry, and Rs 2.55 lakh crore for railways.
GMR Airports Infra Q3 Results: Co swings to loss on increase in finance costs
The operator of India’s busiest airport in Delhi posted a loss of Rs 486 crore in the October-December quarter from a net profit of Rs 106 crore a year earlier. Revenue rose 26% to Rs 2,227 crore, but finance cost increased 45% to Rs 857 crore.
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
3 stocks to play aviation theme; add these 2 IT largecaps: Sanjiv Bhasin
Sanjiv Bhasin recommends adding HCL Tech and Wipro in the largecap space, as the IT sector is performing well. In the two-wheeler pack led by Hero MotoCorp and Bajaj Auto, which are benefiting from the revival of rural incomes and their adaptation to EVs. Bhasin believes these stocks are priced to perfection in the near term, but earnings will be the next barometer. He advises against investing in SpiceJet due to leverage and uncertainty.
GMR Group can't dial Delhi airport passengers to partially fund ₹3,500 crore air train corridor
Delhi Airport News: The ministry of civil aviation has instead asked the GMR Group-operated Delhi International Airport Ltd (DIAL) to arrange alternate means of funding and subsequently levy a user development fee (UDF) when the train is operational.
Varde may invest in GMR Airports' bond issue
The operator of airports in Delhi, Hyderabad and Goa, which has approval from its board to raise ₹5,000 crore by March 2024, recently raised ₹1,950 crore. Standard Chartered Bank, JPMorgan, Deutsche Bank, Varde Partners and Trust Investment provided the three-year debt facility as reported by ET.
GMR Airports stock zooms 14% amid block deal
In Q2 FY24, GMR Airports Infrastructure reported its consolidated net loss reduced to Rs 190 crore. The company had reported a net loss of Rs 197 crore in the quarter ended September 30, 2022.
Delhi airport unveils new runway, takes daily flight capacity to 2,000
While the fourth runway will increase the number of air traffic movement per hour, a new elevated taxiway, Eastern Cross Taxiways will allow aircraft to vacate the taxiway faster and shorten its taxi.
GMR Infra shares tank 11% as Q4 loss widens to Rs 637 crore
GMR Airports Infrastructure saw its shares fall 11% to Rs 40.1 on the BSE after it posted a consolidated loss of Rs 637 crore ($86m) in Q4 FY23, compared to a loss of Rs 129 crore in the same quarter last year. Revenue from operations increased 47.6% to Rs 1,895 crore for the same period, while EBITDA decreased 49% YoY to Rs 241 crore. GMR said near-term traffic may face headwinds from supply-side constraints like the bankruptcy of GoFirst and engine issues, but expected gain momentum in medium- and long-term from an increase in airline capacity and routes and greater connectivity between tier-II and tier-III cities.
GMR Airports Infra announces merger with GMR Airports
The merger will be a significant step towards further strengthening of the balance sheet to capitalise on upcoming growth opportunities, GMR Airports Infrastructure Ltd said.
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