GMR Airports Limited announced the approval of its unaudited financial results for Q2 FY26, ending September 30, 2025. The board also approved the appointment of several new directors, including Normand Boivin and Mathilde Lemoine as Non-Executive Independent Directors. The company reported positive movements in key operational metrics and continues to focus on strategic growth initiatives.
Key Director Appointments
The GMR Airports Limited Board has approved several key appointments to strengthen its leadership team. These include:
- Normand Boivin: Appointed as an Additional Director in the category of Non-Executive Independent Director.
- Mathilde Lemoine: Appointed as an Additional Director in the category of Non-Executive Independent Director.
- Salil Anil Gupte: Appointed as an Additional Director in the category of Non-Executive Independent Director.
- Regis Sebastien Lacote: Appointed as an Additional Director in the category of Non-Executive Non-Independent Director.
- Christelle Florence Nicole Jacquemet de Robillard: Appointed as Additional Director in the category of Non-Executive Non-Independent Director.
- Matthieu Daubert: Appointed as an Additional Director in the category of Non-Executive Non-Independent Director.
Financial Performance Highlights
The Board of Directors has reviewed and approved the unaudited financial results for the quarter ended September 30, 2025. Key financial details include:
- Revenue from operations: ₹3,669.99 crore
- Total Income: ₹3,754.38 crore
- Total Expenses: ₹2,222.96 crore
- EBITDA: ₹1,531.42 crore
- Loss after tax: ₹(35.06) crore
- Total comprehensive income: ₹114.01 crore
Emphasis on MAF Claims and Tariff Orders
The independent auditor’s report highlights ongoing litigation related to Monthly Annual Fee (MAF) claims with the Airports Authority of India (AAI) and tariff orders for Delhi International Airport Limited (DIAL) and GMR Hyderabad International Airport Limited (GHIAL). The company is pursuing a favorable resolution in these matters.
Other Key Updates
- Resignation: Suresh Lilaram Narang resigned from his position as a Non-Executive Independent Director, effective November 13, 2025.
- Subsidiary Acquisition: GHIAL completed the acquisition of a 70% equity stake in ESR GMR Logistics Park Private Limited on June 25, 2025.
- Cargo Concession: DIAL awarded the cargo services concession to the company following revocation of security clearance for entities operating in the Celebi group.
Source: BSE