Delhi International Airport’s loss at Rs 112 crore in 2018-19
Delhi International Airport Ltd (DIAL) has reported Rs 111.8-crore loss for the year ended March 31, 2019, (FY19) due to sharp reduction in aeronautical revenues. The GMR Infra subsidiary had posted Rs 38.3-crore profit after tax (PAT) in FY18.
Aero revenues, which include passenger service fee, landing and parking charges for airlines, were down 42% year-on-year to Rs 987.8 crore due to low airport tariffs for the ongoing control period — a five-year period for which rates are set by the airport regulator. The earnings before interest, tax, depreciation and amortisation (Ebitda) fell sharply by 37.7% y-o-y to Rs 511.9 crore in FY19 from Rs 822.6 crore a year ago. The Ebitda margin was down 12 bps to 31% during 2018-19.
