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Earnings Call

GMR Airports Earnings Call: Key Takeaways

GMR Airports Limited (GAL) reported Q4FY26 gross income of INR 40.4bn (+36% YoY) and EBITDA of INR 15.5bn (+38% YoY). FY26 marked the first positive PAT in over a decade.

Highlights
Revenue growth40% YoY growth for FY26.
MarginsEBITDA margins stable at 50% for Q4FY26.
Demand visibilityResilient traffic despite disruptions; 121.6mn passengers in FY26.

Growth

FY26 revenue up 40% YoY to INR 152bn; EBITDA up 47% YoY to INR 62bn. Record FY26 EBITDA.

Outlook

Capex focus on Bhogapuram (98.7% complete) and Crete (69% complete). Target operationalization of Bhogapuram by Q2FY27.

Risks

Currency fluctuation (INR 2.6bn FX loss), evolving airspace conditions, and geopolitical developments impacting international routes.

Source

Earnings Call filed with NSE, NSE: GMRAIRPORT. Summary written with AI assistance from the document.

Read the document ↗

GMR Airports Ltd: key numbers

Share price
₹97.95
Market cap
₹1,03,425 Cr
Revenue (annual)
₹14,807 Cr
Net profit (annual)
₹175.5 Cr
P/E (TTM)
216.3×Sector 33.0×
Promoter holding
67.16%+0.83% QoQ
FII holding
21.74%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from GMR Airports Ltd

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23:02 IST BSE
New Order Win

GMR Airports Bags ₹158 Cr Order from DELHI INTERNATIONAL AIRPORT LIMITED

GMR Airports' subsidiary secured a contract from Delhi International Airport Ltd to manage F&B outlets at Terminal 3. The contract entails license fees totaling Rs. 158 Crore.

Value
₹158.0 Cr
From
DELHI INTERNATIONAL AIRPORT LIMITED
Execution
Initial period up to May 2036
23:02 IST NSE
New Order Win

GMR Airports Bags ₹49 Cr Order from Delhi International Airport Limited

GMR Airports' subsidiary won a contract for F&B outlets at Delhi Airport. The license fee is Rs. 49 Crore for FY 2026-27.

Value
₹49.00 Cr
From
Delhi International Airport Limited
Execution
Up to May 2036
22:55 IST NSE
Capacity Expansion

GMR Airports Capacity Expansion: ₹158 Cr Investment

GMR Airports' subsidiary GHL secured a license to operate F&B outlets at Delhi Airport's Terminal 3. The project involves estimated license fees of ₹158 Crore.

Value
₹158.0 Cr
19:34 IST NSE
Annual General Meeting

GMR Airports Annual General Meeting

GMR Airports Limited held its 30th Annual General Meeting on September 21, 2026, approving various business items including financial statements, dividends, and fund-raising resolutions.

21:08 IST NSE
Legal & Regulatory

GMR Airports Legal & Regulatory

GMR Airports announced its subsidiary, Delhi International Airport, secured a favorable judgment from TDSAT regarding aeronautical tariff determination for the Fourth Control Period.

18:35 IST NSE
Other Announcement

GMR Airports Other Announcement

GMR Airports Limited received an ESG rating score of 74.41 from Niche Ninety Nine. The company clarifies it did not engage this entity for the rating.