Buy GMR Airports Infrastructure, target price Rs 112: Anand Rathi

Anand Rathi has buy call on GMR Airports Infrastructure Ltd. with a target price of Rs 112. The current market price of GMR Airports Infrastructure is Rs 90.06.

GMR Airports Infrastructure Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 54401.97 Crore) operating in Infrastructure sector.

GMR Airports Infrastructure Ltd. key Products/Revenue Segments include Income From Management Services, Interest, Traded Goods and Income From Sale Of Share & Securities for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2570.48 Crore, up 9.35 % from last quarter Total Income of Rs 2350.66 Crore and up 28.40 % from last year same quarter Total Income of Rs 2001.86 Crore. Company reported net profit after tax of Rs -205.87 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 59.07 per cent stake in the company as of 31-Mar-2024, while FIIs owned 26.78 per cent, DIIs 4.84 per cent.