India's GMR Airports gains after posting Q3 profit
29/01/2025 04:28
** Shares of GMR Airports GMRI.NS rise 2.7% to 73 rupees
** Airport operator posts Q3 consol net profit of 2.67
billion rupees ($30.84 million) vs yr ago loss of 3.17 billion
rupees, boosted by increased air traffic in their Delhi and
Hyderabad airports; rev up 19%
** Unit GMR Hyderabad International Airport declared interim
dividend of 7.5 rupees/share, first time since 2019; reflects
sustained strong profitability - Jefferies
** Stock trading below key 50-, 100-, 200- day moving avgs
for nearly a month, indicating a bearish sentiment
** Stock fell 2.5% in 2024
($1 = 86.5880 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
((aleefjahan.cs@thomsonreuters.com))