GMR Airports Q1 FY27 results: PAT swings to profit, plans Rs 5,000 cr fund raise
GMRAIRPORT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than Nifty Midcap 150 and 0.7 pts less than its Transport Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Consolidated revenue from operations rose to Rs 3,964 cr from Rs 3,918 cr YoY. PAT turned positive at Rs 38.9 cr versus a loss of Rs 100.5 cr in Q1 FY26. EBITDA stood at Rs 1,568 cr. Board approved enabling resolution for fund raising of up to Rs 5,000 cr via equity, NCDs, QIP or FCCBs, plus Rs 1,500 cr NCD issuance to refinance existing bonds. Total equity remains negative at Rs 1,428.7 cr due to non-cash forex losses and higher depreciation.
PAT turnaround is positive, but negative networth and a large equity-linked fund raise signal possible dilution risk for shareholders. Tariff order outcomes remain key.