Ajeeb Market Mein Ajeeb Performance
Jab poora market gir raha tha, tab bhi GMR Airports aur CRISIL ne sabko dikha diya ki selective buying kya hoti hai. Lekin agar dhyan se dekho toh dono ki financials ki story bilkul opposite hai. GMR Airports ka revenue toh badh raha hai, par neeche profit line abhi bhi pressure mein hai, jisse sawal uthta hai ki growth sustainable hai ya nahi. Wahi, CRISIL ka performance ekdum stable hai, consistent profit aur solid financials ke saath ye value bana raha hai.
GMR Airports: Revenue ka Jaal, Par Loss ka Bojh
GMR Airports ne December 2025 quarter mein ₹173.96 crore ka consolidated profit dikhaya, jo ki pichle saal se 14% kam hai. Aur yeh tab hai jab total income badhkar ₹4,082.77 crore ho gayi! Iska karan hai ₹183.12 crore ke one-time expenses, jaise contract terminations aur naye labor laws ka kharcha. Poore saal ki baat karein toh GMR Airports consistently net loss mein hi raha hai, 2025 mein ₹1,001.72 crore ka loss hua, jabki revenue 2021 ke ₹3,566.01 crore se badhkar 2025 mein ₹10,414.24 crore ho gaya. Iska P/E ratio abhi bhi negative hai (-334.46 TTM P/E as of Feb 2026), book value per share bhi negative (-2.82 in 2025), aur ROE bhi kayi saalon se 0% hai. Debt-to-Equity ratio -15.03 (March 2025) hai, jo dikhata hai ki company par kafi debt hai.
CRISIL: Profitability ka Asli Champion!
Iske bilkul ulta, CRISIL ne December 2025 quarter mein ₹241.50 crore ka net profit kamaya, jo pichle saal se 7.5% zyada hai, aur revenue ₹1,081.57 crore raha. Full fiscal year 2025 mein, CRISIL ka net profit ₹766.01 crore raha, jo pichle saal se 12% upar hai, aur revenue ₹3,649.01 crore tak pahunch gaya. Iska P/E ratio lagbhag 49.0 (Feb 2026 tak) hai, jo investors ka bharosa dikhata hai. CRISIL debt-free hai, Debt-to-Equity ratio sirf 0.11 hai, aur EPS aur BVPS mein consistent growth ke saath ROE bhi 25% ke aas paas hai.
Analyst Kya Bol Rahe Hain?
Market abhi CRISIL ki profitable growth ko zyada importance de raha hai, GMR Airports ki revenue growth ke muqable jo loss mein hai. GMR Airports long-term infrastructure projects par focus kar raha hai, par immediate financial health ek concern hai. Iska stock ₹67.75 se ₹110.36 ke beech raha hai, aur abhi ₹94.03 par hai. Phir bhi, analysts ne 'Strong Buy' rating de rakhi hai aur average price target ₹112.67 diya hai, jo future recovery ki umeed dikhata hai. Wahi, CRISIL ke liye analysts ki 'Buy' rating hai aur average price target ₹5,106.50 hai, jo iski stability aur earning power ko support karta hai.
Aage Kya Ho Sakta Hai?
Analysts ko dono companies se growth ki ummeed hai. GMR Airports ke liye infrastructure push ek fayda de sakta hai, par uske airport operations ko market ki dynamics se deal karna hoga. CRISIL, financial analytics aur ratings mein leader hone ke naate, economic activity badhne se fayda uthayega. Lekin CRISIL ka high P/E ratio isse thoda risky bana sakta hai agar earnings growth slow hui toh. GMR Airports ke liye loss mein rehna sabse bada risk hai, jisse shareholder value banana mushkil ho sakta hai jab tak ki koi bada operational improvement na ho ya capital infusion na ho.