How has been the historical performance of GMR Airports?

Answer:The historical performance of GMR Airports shows a fluctuating trend in net sales and profitability over the years.

Breakdown:
GMR Airports reported net sales of 10,414.24 Cr in March 2025, a significant increase from 8,754.56 Cr in March 2024 and 6,693.40 Cr in March 2023, indicating a positive growth trajectory. However, the company has faced challenges with profitability, as evidenced by a profit before tax of -820.13 Cr in March 2025, slightly improved from -861.42 Cr in March 2024, but still reflecting ongoing financial difficulties. The profit after tax also remained negative at -1,001.72 Cr in March 2025, although this was an improvement from -1,054.05 Cr in March 2024. The operating profit margin, excluding other income, was 36.16% in March 2025, up from 33.88% in March 2024, suggesting improved operational efficiency. On the balance sheet, total liabilities increased to 47,984.01 Cr in March 2024 from 43,350.87 Cr in March 2023, while total assets also rose to 47,984.01 Cr in March 2024, indicating a growing asset base. Cash flow from operating activities improved to 3,880.00 Cr in March 2024, compared to 2,199.00 Cr in March 2023, although the net cash outflow was -1,445.00 Cr in March 2024, reflecting ongoing liquidity challenges. Overall, while GMR Airports has shown growth in sales and operational performance, it continues to grapple with significant losses and high liabilities.