Annual Audited Financial Results for FY 2025-26
GMRAIRPORT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GMR Airports reported standalone revenue of Rs. 4,215.74 crore for FY 2025-26, up 47% from Rs. 2,876.12 crore in the previous year. The company swung from a loss of Rs. 294 crore to a net profit of Rs. 96 crore. Operating margin improved significantly to 44.05% with net profit margin at 25.50%. The auditor issued an unmodified (clean) opinion but included an Emphasis of Matter highlighting ongoing litigations between subsidiary DIAL and AAI regarding Monthly Annual Fees claims, and tariff disputes at both DIAL and GHIAL. These regulatory uncertainties could impact the carrying value of investments. Exceptional items included Rs. 7.61 crore provision for new labour code implementation. Related party transaction disclosures were filed separately as required.
Strong financial turnaround with near-doubling of revenue and return to profitability is positive for shareholders. However, the Emphasis of Matter on ongoing airport tariff litigations introduces regulatory risk that investors should monitor, as adverse outcomes could affect subsidiary valuations.