GMR Airports Reports Record FY26 Revenue of ₹15,201 Crore, First Positive PAT in Decade
GMR Airports Limited reported a record FY26 total income of ₹15,201 Crore (up 40% YoY) and EBITDA of ₹6,150 Crore (up 47% YoY). The company achieved its first positive PAT in over a decade at ₹472 Crore for FY26. Passenger traffic reached 121.6 million in FY26. Hyderabad Airport declared an interim dividend of ₹7.5 per share.
The announcement details record financial performance, a significant turnaround in profitability (first positive PAT in a decade), and substantial operational growth across key airports, which are material events for investors.
The company reported record financial results, including significant revenue and EBITDA growth, and achieved its first positive PAT in over a decade. Several operational achievements and awards also contributed to a positive sentiment.
GMR Airports Limited (GAL) has announced its audited financial results for the quarter and year ended March 31, 2026. For the full fiscal year 2026, the company reported a total income of ₹15,201 Crore, a significant increase of 40% year-on-year. EBITDA also saw a substantial rise of 47% year-on-year to a record ₹6,150 Crore.
A major highlight for FY26 is the company's Profit After Tax (PAT), which turned positive at ₹472 Crore, marking the first time in over a decade. This turnaround is attributed to strong operational performance across its airports.
In the fourth quarter of FY26, total income increased by 36% year-on-year to ₹4,043 Crore, with EBITDA growing by 38% year-on-year to ₹1,549 Crore. Both Delhi and Hyderabad Airports achieved their highest-ever annual EBITDA.
Passenger traffic for GAL-owned airports reached a record 121.6 million in FY26, with Delhi Airport handling 78.7 million passengers and Hyderabad Airport handling 30.5 million. Mopa (Goa) Airport also recorded 5.4 million passengers.
The company also reported significant progress in its airport adjacency businesses and land development activities. Key developments include the commencement of Duty Free sales at international lounges, the award of a concession for Cargo Terminal 1 at Delhi Airport, and the commissioning of Cargo Terminal 2 at Hyderabad Airport. Additionally, Pier C at Delhi Airport's Terminal 3 was converted to an international pier, increasing its capacity by 50%.
Hyderabad Airport declared an interim dividend of ₹7.5 per share, aggregating to ₹283.5 Crore. GMR Aero Technic, a subsidiary of GHIAL, signed a strategic MRO agreement with Boeing Defence India for heavy maintenance checks of Indian Navy's P-8I aircraft.
Financially, GHIAL raised ₹21 Billion in 15-year Non-Convertible Debentures to refinance dollar-denominated debt, expecting interest cost savings of over 150 basis points. CRISIL Ratings revised GHIAL's outlook to 'Positive' from 'Stable'.
The company also received numerous awards and recognitions, including multiple accolades from ASQ Customer Experience Awards and Skytrax Awards for Delhi, Hyderabad, and Mopa airports, highlighting their operational excellence and customer service.
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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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