Annual Audited Financial Results for FY 2025-26

Emphasis of matterRevenue growth above 20%Profit growth above 25%Exceptional itemRelated-party transactionsResults View source PDF Explain this filing

GMRAIRPORT · price

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Price reactionminutes from the announcement price · days from the prior close

+2.5%Reaction day

₹98.15

prior close

₹102.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.4%+3.8% vs market

Transport Infrastructure peers, median of 14sector · industry level-0.8%+3.2% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Midcap 150 and 3.2 pts more than its Transport Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+2.5-1.4+3.8-0.8+3.2

Next day

-1.3-2.7+1.5-1.6+0.4

-0.0-2.5+2.5-1.9+1.9

+1.0-2.9+3.9-2.3+3.4

+4.3-2.5+6.8-2.3+6.6

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+4.5-2.9+7.5-4.1+8.7

15d

+10.5+0.4+10.2-1.9+12.4

+11.8-0.9+12.7-7.4+19.2

+9.2+1.0+8.2-7.8+17.0

-4.6+2.8-7.5-10.9+6.3

UpDownMarket · Nifty Midcap 150Sector · Transport Infrastructure peers, median of 14Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.