• Traffic recovery: Delhi's international traffic has rebounded to over 25% of total traffic, while Hyderabad is expected to normalize in the second half of the fiscal year as key airlines like Air India restore flight schedules from September 1.
• Portfolio expansion: The addition of Nagpur and Bhogapuram airports is expected to add a combined 5.5 to 6 million passengers annually to the overall portfolio.
• Non-aero targets: Non-aeronautical revenue is projected to grow at around 15% year-on-year with EBITDA margins between 17% and 18%, driven by increased passenger spending and penetration.
• Real estate development: The listed entity is launching a third vertical to bid for and develop commercial real estate across more than 3,000 acres of titled, master-planned airport land, with balance sheet and P&L results expected in two to three years.