GMR AIRPORTS LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
GMRAIRPORT · price
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GMR Airports Limited reported standalone revenue of Rs. 4,215.74 crore for FY2026, a massive jump from Rs. 1,267.08 crore in FY2025 (up ~233%), driven by new duty-free operations at Delhi and Hyderabad airports starting July 2025 and September 2025 respectively, plus cargo terminal operations from May 2025. The company swung to a profit after tax of Rs. 96.28 crore versus a loss of Rs. 187.95 crore in the prior year. EBITDA stood at Rs. 1,406.31 crore with a margin of 33.36%, up from 15.10% previously. The auditor issued an unmodified (clean) opinion but included an Emphasis of Matter drawing attention to unresolved tariff and fee disputes at subsidiary airports DIAL and GHIAL involving AAI and AERA, which remain sub-judice at various courts. Related party transactions for the half-year were disclosed.
The company has shown strong operational turnaround with new revenue streams from duty-free and cargo concessions, improving profitability and cash generation. However, shareholders should monitor ongoing litigation at subsidiary airports (DIAL/ GHIAL) which could impact the carrying value of investments (Rs. 76,107 crore in standalone books). The clean audit opinion is a positive signal.