GMR Airports Limited (GAL) has announced its financial results for the second quarter of fiscal year 2027 (Q2FY27), reporting a 12% year-over-year increase in total income to INR 4,188 crore. EBITDA saw a 2% rise to INR 1,569 crore, and Profit After Tax (PAT) was INR 65 crore, marking the fifth consecutive quarter of positive PAT. These results underscore the company’s resilient performance amidst muted passenger traffic, driven by improvements in aero and non-aero revenues.
GMR Airports Reports Strong Q2 FY27 Financials
GMR Airports Limited (GAL) has demonstrated resilient business performance in the second quarter of fiscal year 2027 (Q2FY27), driven by improvements in both aero and non-aero revenue streams. The company announced a 12% year-over-year increase in total income, reaching INR 4,188 crore, compared to INR 3,754 crore in Q2FY26. This growth was achieved despite only a 1% increase in traffic at GAL-operated Indian airports, indicating a significant contribution from non-aero segments.
Key Financial Highlights
- Total Income: Increased by 12% YoY to INR 4,188 crore in Q2FY27 from INR 3,754 crore in Q2FY26. On a half-yearly basis (H1FY27), total income grew by 17% YoY to INR 8,273 crore.
- EBITDA: Grew by 2% YoY to INR 1,569 crore in Q2FY27, up from INR 1,531 crore in Q2FY26. For H1FY27, EBITDA increased by 12% YoY to INR 3,136 crore.
- Profit After Tax (PAT): GAL reported a PAT of INR 65 crore for Q2FY27, marking the fifth consecutive quarter of positive PAT. This indicates sustained profitability in a challenging global macro environment.
Operational Performance
GAL-owned airports handled 28 million passengers in Q2FY27, a 1% increase YoY. Delhi Airport saw 18.1 million passengers, while Hyderabad Airport handled 6.5 million, and Mopa (Goa) Airport managed 0.9 million. The company also highlighted key developments including progress in airport non-aero businesses, credit rating upgrades for its airport entities, and strategic partnerships in the MRO sector.
Key Developments and Strategic Initiatives
Significant developments include the operationalization of Vizag (Bhogapuram) Airport, strategic partnerships for MRO services with StandardAero and Corporation Logic Air Inc., and enhancements to international capacity at Delhi Airport Terminal 3. The company also secured a significant credit rating upgrade for Hyderabad Airport (GHIAL) to international investment grade.
Source: BSE
