GMR Airports Share Price Target: GMR Airports, an airport services company, will be in focus in today’s (May 29) trading session as it reported its Q4 results in the previous session. Additionally, brokerages have shared their outlook for the company following the results.
The brokerage has a target price of Rs 140, which translates to an upside of 43 per cent from the current price level.
It highlighted strong Q4 performance, with revenue and EBITDA growth driven by tariff increases at Delhi airport and robust growth in duty-free, cargo, and retail segments.
The upcoming Bhogapuram airport is expected to be commissioned in Q2FY27, while additions such as Nagpur airport and a tariff revision at Hyderabad are likely to support the next growth phase.
Management aims to reduce leverage below 4x within 24 months, supported by commercial real estate monetisation. An EBITDA CAGR of 17 per cent is projected for FY26-29.
However, it declined 2.78 per cent over three months and 7.25 per cent year-to-date, with a deeper fall of 8.26 per cent over six months.
On a longer horizon, performance remains strong, up 12.81 per cent over one year and 10.98 per cent over two years. Returns are significantly higher over longer periods, with gains of 117.35 per cent over three years, 281.63 per cent over five years, and 797.71 per cent over ten years, reflecting strong long-term wealth creation.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
