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Earnings Call Transcript

GMR Airports Earnings Call Transcript: Key Takeaways

GMR Airports reported a strong Q1FY26 with gross income of INR 33.2bn (up 32% YoY) and record EBITDA of INR 12.8bn (up 26% YoY). Strategy focuses on expanding non-aero adjacency businesses and real estate monetization.

Highlights
Revenue growth32% YoY growth in Gross Income.
MarginsConsolidated EBITDA margins stable at 51%.
Demand visibilityStrong; 27.5% share of India's passenger traffic.
Management confidenceHigh; citing record quarterly EBITDA levels.

Growth

Revenue rose 32% YoY to INR 33.2bn; EBITDA reached a record INR 12.8bn with 51% margins.

Outlook

Greenfield progress at Bhogapuram (80%) and Crete (54%); targeted takeover of Nagpur airport in Q2FY26.

Risks

Decline in Delhi traffic due to airspace disruptions and runway upgrades; high net debt of INR 329bn.

Source

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

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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.