Under Rs 100: GQG Partners Acquires Additional 4.52 Crore Shares in this Infrastructure Company; Shareholding Reaches 5.17 Per cent!

The company’s shares have delivered an impressive return of around 175 per cent to its shareholders in the past 2 years only.

The company has announced that on August 23, 2024, entities managed by GQG Partners LLC acquired an additional 4.52 crore equity shares of GMR Airports Infrastructure Ltd, increasing their total shareholding to 5.17 per cent of the company's paid-up capital.

On Wednesday, the shares of GMR Airports Infrastructure Ltd are at around Rs 96.30 per share on the BSE. The company’s current market capitalization stands at Rs 101682 crore. Additionally, the shares have delivered a return of around 58 per cent in the past 1 year.

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As per the Quarterly Results, in the Q1 FY25, GMR Airports Infrastructure Ltd recorded a revenue of Rs 2402 crore compared to Rs 2018 crore. The operating profit stood at Rs 896 crore. The net loss stood at Rs 338 crore compared to a profit of Rs 17 crore. Looking at the annual performance, the company generated a revenue of Rs 8755 crore in FY24. The operating profit for FY24 was Rs 2966 crore with a net loss of Rs 828 crore compared to a net loss of Rs 840 crore in FY23.

According to the shareholding pattern of the company, the promoters hold a significant 66.07 per cent stake. Public investors own 15.79 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 14.76 per cent and Domestic Institutional Investors (DIIs) own 3.38 per cent.

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Investors must keep this Large-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.