Press Release on Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 27 May 2026, 10:27 PM IST · BSE ID: 7c767a64-ea35-4e53-a34e-512f8d02de40
View Original BSE Filing (PDF)
💡
In Simple Terms
GMR Airports achieved its first annual profit in over ten years, driven by increased income and passenger traffic.
🤖 AI Summary
- GMR Airports' FY26 Total Income increased by 40% YoY to INR 15,201 Crs.
- FY26 EBITDA rose 47% YoY to INR 6,150 Crs, representing the highest on record.
- Company reported a positive PAT of INR 472 Crs for FY26, first in over a decade.
- GAL-owned airports handled a record 121.6 million passengers in FY26.
- Hyderabad Airport declared an interim dividend of INR 7.5/share, totaling INR 283.5 Crs.
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY26 Total Income
INR 15,201 Crs
40%
FY26 EBITDA
INR 6,150 Crs
47%
FY26 Profit After Tax
INR 472 Crs
FY26 Consolidated Passenger Traffic
121.6mn passengers
Q4FY26 Total Income
INR 4,043 Crs
36%
Q4FY26 EBITDA
INR 1,549 Crs
38%
🏢 How This Affects the Company
The increased passenger traffic across Delhi, Hyderabad, and Mopa airports, along with strategic expansions like Pier C at Delhi and Cargo Terminal 2 at Hyderabad, enhance market position and capacity.
Achieving a positive PAT of INR 472 Crs in FY26 marks a significant turnaround, improving financial health and indicating better earnings capability after a decade of losses.
Conversion of Pier C at Delhi T3 to international capacity and commissioning of Cargo Terminal 2 at Hyderabad expand operational capabilities and service offerings.
Refinancing INR 21bn dollar-denominated debt with NCDs at 7.6% p.a. reduces interest cost risk by over 150bps and improves the financial outlook for GHIAL.
👥 What This Means For Shareholders
✅
Action Required
No direct action required by shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders of Hyderabad Airport (GHIAL) were affected by an interim dividend of INR 7.5/share, aggregating INR 283.5 Crs, declared by its Board on January 29, 2026.
🔍
Management Signal
Management is signaling a focus on profitability and operational efficiency, evidenced by the positive PAT and strategic infrastructure developments.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — monitor consolidated income and EBITDA trends.
Operationalization of Bhogapuram Airport by Q2FY27.
Progress on Aerocity One and luxury hotel at DIAL, expected Q3FY27 handover.
LOW RISK
The refinancing of debt and achievement of positive PAT reduce financial risk.
💡 Investor Takeaway
GMR Airports reported a positive Profit After Tax (PAT) of INR 472 Crs for FY26, its first in over a decade, with consolidated Total Income growing 40% YoY to INR 15,201 Crs and EBITDA increasing 47% YoY to INR 6,150 Crs, the highest on record.
⚖️ Strengths & Concerns
✅ Positives
- FY26 Total Income increased by 40% YoY to INR 15,201 Crs, with EBITDA rising 47% YoY to a record INR 6,150 Crs.
- Reported a positive PAT of INR 472 Crs in FY26, marking the first positive PAT in over a decade.
⚠️ Concerns
- Mopa (Goa) Airport's FY26 Total Income decreased by 7.1% YoY to INR 406 Crs, impacted by a special initiative program.
- Hyderabad Airport's Q4FY26 passenger traffic decreased by 7.4% YoY to 7.3mn, with domestic traffic down 8.5% YoY.
❓ Frequently Asked Questions
What was GMR Airports' Total Income for FY26?
GMR Airports' Total Income for the financial year ended March 31, 2026, was INR 15,201 Crs, an increase of 40% YoY.
What was GMR Airports' Profit After Tax (PAT) for FY26?
GMR Airports reported a Profit After Tax (PAT) of INR 472 Crs for FY26, marking the first positive PAT in over a decade.
What was the EBITDA for GMR Airports in FY26?
The EBITDA for GMR Airports in FY26 was INR 6,150 Crs, representing a 47% YoY increase and the highest on record.
How many passengers did GAL-owned airports handle in FY26?
GAL-owned airports handled a record 121.6 million passengers in FY26, with Delhi Airport handling 78.7mn and Hyderabad Airport handling 30.5mn passengers.
What dividend did Hyderabad Airport (GHIAL) declare?
Hyderabad Airport (GHIAL) declared an interim dividend of INR 7.5/share in its board meeting held on January 29, 2026, aggregating to a total of INR 283.5 Crs.
Questions based on this BSE filing only. For information purposes.