In this presentation, Shantanu Bawari compares the business model of Airports to a “toll bridge”. He then provides an in-depth analysis of the airports’ operations, covering the key kinds of services, unique expenses and finally profitability. He also examines items one could consider while analyzing an airport company and contrasts Indian airports with their global peers. The presentation’s key purpose is to assist viewers develop a framework before they evaluate any Airport stock.

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