Shares of GMR Airports Infrastructure Ltd, a listed subsidiary of the holding company GEPL (GMR Enterprises Pvt Ltd), soared around 14 percent in Friday s trading session to their 52-week high of ₹70.22 apiece.
GMR Airports reported a healthy revenue, which was 5 per cent ahead of its estimates, Kotak said. The reported Ebitda of Rs 259 crore included one-time charges and would have yielded an 8 per cent miss in Ebitda on an adjusted basis, it said.
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