GMR AIRPORTS LIMITED has informed the Exchange regarding a press release dated February 13, 2026, titled "Press Release on Un-audited Financial Results of the Company (Standalone and Consolidated) for the quarter ended December 31, 2025".
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GMR Airports Limited reported strong consolidated Q3FY26 results with Total Income up 49% year-on-year to INR 4,083 Crores and EBITDA up 65% YoY to INR 1,789 Crores, a new record. Profit After Tax for the quarter stood at INR 174 Crores, slightly lower than INR 202 Crores in Q3FY25 due to an exceptional item. Delhi Airport posted its highest-ever EBITDA at INR 825 Crores (up 89% YoY) and swung back to profit at INR 231 Crores versus a loss last year, helped by revised tariffs. Hyderabad Airport's EBITDA rose nearly 11% to INR 429 Crores, and it declared an interim dividend of INR 7.5 per share (INR 283.5 Crores) while refinancing dollar debt with INR 21 billion in 15-year bonds at a lower 7.6% coupon. Across its airports, GAL handled a record 31.9 million passengers in the quarter, and the new Bhogapuram Airport is now 95.8% complete with operations targeted by Q2FY27.
Strong revenue and EBITDA growth, especially at Delhi Airport after tariff revision, signals improving profitability, though bottom-line PAT was flat to slightly down on exceptional items. The dividend declaration, successful low-cost refinancing, and CRISIL upgrading Hyderabad Airport's outlook to Positive are positive signals for shareholders; near-term stock reaction may depend on whether the exceptional charge is seen as one-off.