GMR Airports Q3FY26 Results: EBITDA Soars 65% YoY to ₹17.9 Bn
GMR Airports Limited (GAL) reported a 65% YoY increase in EBITDA to ₹17.9 billion for Q3FY26. Gross income rose 49% YoY to ₹40.8 billion. Net profit was ₹1.7 billion. Passenger traffic grew 3% YoY to 31.9 million. GHIAL declared an interim dividend of ₹7.5 per share.
The strong financial results, including substantial EBITDA growth and improved profitability, along with key operational developments like dividend declaration and debt refinancing, are material to investors and stakeholders, indicating a high impact.
The company reported significant year-on-year growth in EBITDA and gross income, along with a return to profitability, indicating a strong financial performance. Positive developments in operational metrics and dividend declaration further support the positive sentiment.
GMR Airports Limited (GAL) has announced its unaudited financial results for the quarter ended December 31, 2025. The company reported a significant increase in EBITDA, which grew by 65% year-on-year to ₹17.9 billion, and a 17% increase quarter-on-quarter.
Gross income for the quarter stood at ₹40.8 billion, marking a 49% year-on-year and 9% quarter-on-quarter increase. Net profit after tax for Q3FY26 was ₹1.7 billion, compared to a profit of ₹351 million in Q2FY26 and a loss of ₹2.0 billion in Q3FY25. Excluding exceptional items, the profit after tax was ₹3.6 billion.
Passenger traffic across GAL-operated airports reached 31.9 million in Q3FY26, a 3% year-on-year increase. Delhi Airport recorded its highest quarterly traffic with 20.8 million passengers, up 2.7% year-on-year. Hyderabad Airport handled 7.8 million passengers, a marginal 0.3% year-on-year increase, while Mopa (Goa) Airport saw a 21.6% year-on-year increase in traffic to 1.5 million passengers.
Key operational highlights include the declaration of an interim dividend of ₹7.5 per share by GMR Hyderabad International Airport Ltd. (GHIAL), amounting to ₹2.8 billion. GHIAL also successfully refinanced its dollar-denominated debt by raising ₹21 billion in Non-Convertible Debentures, expected to save over 150 basis points in interest cost. CRISIL Ratings revised GHIAL's outlook to 'Positive' from 'Stable'.
In terms of infrastructure development, construction is underway for a commercial office building and a luxury hotel at Delhi Airport. At Hyderabad Airport, a Safran MRO facility has been inaugurated, and construction is progressing on the GMR Interchange retail project. Bhogapuram Airport and Crete Airport are also progressing as per schedule, with Bhogapuram Airport expected to operationalize by Q2FY27.
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GMR AIRPORTS LIMITED filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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