Does GMR Infrastructure have a Potential to be a multi-bagger

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Relief to gmr for payment of Monthly Annual Fee to AAI during covid

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GMR Q3 results
Consolidated financials :

  1. Total Income: 9% QoQ growth,22% YoY growth driver by growth in traffic.

  2. EBITDA : 4% fall QoQ, 16% growth YoY with EBITDA margins at 46%.

  3. Loss of INR 4.9bn vs loss of 1.9bn in Q2FY24 and profit of 1 BN in Q3FY 24 impacted by higher depreciation and interest charges post operationalization of Goa Airport and completion of expansion of Delhi and Hyderabad Airports.

  4. Domestic and international pax traffic of airports up 14% YoY and 23% YoY

  5. International PAX traffic at 24% of total pax traffic in Q3FY24.

  6. Delhi, Hyderabad and Goa cumulatively handled ~23% domestic and 35% international passengers of total India air traffic.

  7. GMR group honoured with 6 prestigious awards at Wings India Award 2024.

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