Bengaluru, Karnataka, India
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Cash Profit has increased to Rs. 60 Cr during Q1FY16, an increase of Rs. 565 Cr over sequential qtr and 259 Cr over corresponding qtr.
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EBIDTA improved to Rs. 855 Cr in Q1FY16 compared to Rs. 613 Cr in Q1FY15 - 39% growth in EBITDA.
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Losses reduced by 37% over corresponding quarter.
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370 MW gas based Vemagiri Power Plant (GVPGL) has commenced operation and is expected to further improve the performance in the coming qtr.
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In Power Sector the Thermal plants have started stabilizing its operations and have recorded healthy PLF’s.
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Airports Sectors have shown consistent growth with robust traffic increase over last and corresponding qtr.
Financial Highlights
EBITDA in Energy Sector has increased 2.65 times from Rs. 43 Cr to Rs 114 Cr in Q1FY16
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Increased EBIDTA in Kamalanga Power plant from Rs. 35 Cr to Rs. 66 Cr due to higher PLF (increased from 36% to 58%)
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Increased EBITDA in EMCO Power plant from Rs. 19 Cr to Rs. 42 Cr due to improved operational performance
EBITDA in Airport Sector has increased from Rs. 412 Cr to Rs. 543 Cr
Business Highlights
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Rights Issue proceeds used towards Deleveraging:- Rights Issue of Rs. 1,402 Cr was concluded in the quarter, of which approx. Rs. 1,100 Cr used towards repayment of Corporate Debt.
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Hybrid Till for Hyderabad Airport:- Directive given to the regulator (AERA) to adopt a Hybrid Till with 30% cross subsidization for the tariff determination of GMR Hyderabad International Airport.
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GMR Airports increases its stake in Delhi Airport - GMR Airports Limited on May 25, 2015 has acquired 10% equity stake in Delhi International Airport Pvt. Limited (DIAL) from Malaysia Airports (Mauritius) Private Limited. With the acquisition of stake from MAMPL, GAL equity stake in DIAL has increased to 64%.
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GVPGL commences operation under “Scheme for Utilization Stranded Gas based power plants”:- GVPGL has successfully commenced the operations from Wednesday, 12 Aug 2015 under the scheme. The plant is currently running at a PLF of 95%. GMR Rajahmundry Energy the 768 MW gas based plant have also won imported gas supply through the governments reverse auction process for one of its units (384MW).
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Robust Traffic Growth in Airports Sector - Delhi Airport and Hyderabad Airport has recorded traffic of 11.5 mn (an increase of 13% YoY) and 2.95 mn (an increase of 23% YoY) respectively. During the period Delhi Airport recorded highest passenger traffic ever of 3.95 mn in a month while Hyderabad Airport crossed the 1 mn passenger mark.
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Hyderabad MRO catering to all major Indian Carriers – GMR Aerospace Engineering Co. Ltd a 100% subsidiary of Hyderabad Airport have added Indigo and Jet Airways in the current quarter to the list of Indian Carriers that it is providing maintenance service. With this the facility is providing services to 4 of the largest private carriers in India (incl Spice Jet and GoAir).
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Ground breaking ceremony of Mactan Cebu International Airport held on 29 June 2015 – GMR Megawide consortium has taken over possession of land for construction of the terminal building.
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GMR Airports signs a MoU with Oman Airport Company for provision of ORAT (Operational Readiness and Transfer), maintenance and operations support.
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In-principle approval obtained for Kamalanga Power Plant under 5/25 scheme of RBI.
Financial Highlights for Q1FY16
[Rs. in Cr]
Particulars
|
Quarter Ended
|
Year Ended
|
June 30, 2015
|
Mar 31, 2015
|
June 30, 2014
|
Mar 31, 2015
|
Gross Revenue
|
2,966
|
2,913
|
2,731
|
11,088
|
Net Revenue
|
2,351
|
2,318
|
2,233
|
8,889
|
EBITDA
|
855
|
680
|
613
|
2,555
|
EBITDA Margin
|
36%
|
29%
|
27%
|
29%
|
Other Income
|
148
|
85
|
65
|
327
|
Interest
|
906
|
968
|
832
|
3,572
|
Depreciation
|
454
|
416
|
453
|
1,813
|
Exceptional Items
|
-
|
(268)
|
(18)
|
(304)
|
PBT
|
(358)
|
(886)
|
(625)
|
(2,806)
|
Tax
|
53
|
63
|
27
|
153
|
PAT before Minority
|
(410)
|
(949)
|
(652)
|
(2,959)
|
PAT After Minority
|
(429)
|
(892)
|
(593)
|
(2,733)
|
Cash Profit
|
60
|
(505)
|
(199)
|
(1114)
|
Segment-wise Financials and Highlights for Q4 FY15
Airports Segment
[Rs. in Cr]
Particulars
|
Quarter Ended
|
Year Ended
|
June 30, 2015
|
Mar 31, 2015
|
June 30, 2014
|
Mar 31, 2015
|
Gross Revenue
|
1,520
|
1,438
|
1,289
|
5,469
|
Net Revenue
|
977
|
914
|
823
|
3,483
|
EBITDA
|
543
|
469
|
412
|
1,704
|
EBITDA Margin
|
56%
|
51%
|
50%
|
49%
|
Exceptional Items
|
-
|
(57)
|
(18)
|
(93)
|
PAT before Minority
|
180
|
(30)
|
(27)
|
(74)
|
Energy Segment:
[Rs. in Cr]
Particulars
|
Quarter Ended
|
Year Ended
|
June 30, 2015
|
Mar 31, 2015
|
June 30, 2014
|
Mar 31, 2015
|
Gross Revenue
|
1,149
|
1,174
|
1,153
|
4,454
|
Net Revenue
|
1,097
|
1,123
|
1,141
|
4,321
|
EBITDA
|
114
|
6
|
43
|
162
|
EBITDA Margin
|
|
|
|
|