Q2 FY27 profit rises, but EBITDA margin slips to 49 percent
GMRAIRPORT · price
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GMR Airports reported Q2 FY27 gross income of INR 41.9 billion, up 12%, and EBITDA of INR 15.7 billion, up 2%. PAT rose to INR 654 million from INR 351 million a year earlier, but EBITDA margin fell to 49%. H1 gross income rose 17% to INR 83 billion and EBITDA rose 12% to INR 31 billion; PAT was INR 2.1 billion versus an INR 1 billion loss. H1 EBITDA margin was 50%. Q2 traffic rose 0.6% and H1 traffic rose 0.8%. Net debt was unchanged at INR 340 billion.
Profit growth and steady debt support sentiment, but modest traffic growth and year on year margin compression limit the positive impact on shares.