GMR Infra shares tank 11% as Q4 loss widens to Rs 637 crore

GMR Airports Infrastructure saw its shares fall 11% to Rs 40.1 on the BSE after it posted a consolidated loss of Rs 637 crore ($86m) in Q4 FY23, compared to a loss of Rs 129 crore in the same quarter last year. Revenue from operations increased 47.6% to Rs 1,895 crore for the same period, while EBITDA decreased 49% YoY to Rs 241 crore. GMR said near-term traffic may face headwinds from supply-side constraints like the bankruptcy of GoFirst and engine issues, but expected gain momentum in medium- and long-term from an increase in airline capacity and routes and greater connectivity between tier-II and tier-III cities.