Adani group’s airport biz pre tax loss declines on greater income

Adani group’s airport enterprise noticed a 9 per cent decline in its loss earlier than tax on improved income in first quarter FY 2025 on a year-on-year foundation. The pre-tax loss for the quarter stood at ₹89 crore as towards ₹98 crore in the identical interval final 12 months.

The group runs seven airports serving 23 per cent of the nation’s passenger base and its enterprise within the previous quarter was boosted by launch of 13 new flights and introduction of 39 manufacturers.

The airport sector income grew 27 per cent to ₹2,177 crore on a year-on-year foundation whereas incomes earlier than curiosity tax depreciation and amortisation rose 33 per cent to ₹682 crore. Whereas passenger quantity elevated by 7 per cent to 22.8 million, cargo reported sooner progress. The group’s airports dealt with 2.7 lakh tonnes of cargo which is 17 per cent progress on a year-on-year foundation.

The group can also be constructing the Navi Mumbai airport which is predicted to open for industrial operations by March 2025. The primary part of the mission will see a single runway and terminal with annual dealing with capability of 20 million passengers.