GMR Airports Limited announced the outcome of its Board Meeting held on February 13, 2026, approving the Un-audited Financial Results for the quarter and nine months ended December 31, 2025 (Q3 FY2025-26). The company also provided a statement on the utilization of proceeds from its Non-Convertible Bonds, confirming that proceeds from older issues were fully utilized without deviation. The independent auditors issued a review report on the financial statements.
Board Meeting Outcome and Financial Results Approval
On February 13, 2026, the Board of Directors of GMR Airports Limited (formerly GMR Airports Infrastructure Limited) convened to consider and approve the Un-audited Financial Results. The Board approved both the Standalone and Consolidated Un-audited Financial Results for the quarter and the nine-month period ended December 31, 2025.
Review of Standalone Financial Performance (Q3 FY2025-26)
The standalone statement of financial results shows key movements for the quarter ended December 31, 2025, compared to the previous quarters.
- Total Income for the quarter stood at Rs. 1,254.78 crore, up from Rs. 945.10 crore in the preceding quarter (Sept 30, 2025).
- Profit/(Loss) After Tax for the quarter was a net profit of Rs. 50.46 crore, contrasting with a loss of (Rs. 133.38 crore) in the prior quarter.
- For the nine-month period ended December 31, 2025, Total Income reached Rs. 2,693.49 crore, resulting in a net loss after tax of (Rs. 260.92 crore).
- The company noted a significant negative impact on Other Comprehensive Income during the nine-month period due to a fair valuation loss of Rs. 594.91 crore (net of tax).
- Earnings per share (Basic and Diluted) for the quarter were Rs. 0.05.
Review of Consolidated Financial Performance (Q3 FY2025-26)
The consolidated results reflected the performance of the Group, including subsidiaries, associates, and joint ventures.
- Total Income for the quarter was Rs. 4,082.77 crore.
- The Group reported a Profit/(Loss) After Tax of Rs. 173.81 crore for the quarter ended December 31, 2025.
- For the nine-month period, Total Income was Rs. 11,157.83 crore, with a net profit after tax of Rs. 56.90 crore attributable to owners of the company.
- Total Comprehensive Income for the nine months ended December 31, 2025, was Rs. 100.38 crore.
Disclosure on Utilization of Issue Proceeds (Regulation 52(7) & 52(7A))
The company provided a statement regarding the utilization of proceeds from its Non-Convertible Bonds issued via Private Placement on April 03, 2025, totaling Rs. 4,00,00,00,000/-.
- Funds Utilized: Rs. 2,86,80,12,000/-.
- Deviation: No deviation was reported for this specific issue during the quarter.
- Remarks: The remaining proceeds are yet to be utilized towards the end-use mentioned in the offer document (security deposit for duty-free business, issue expenses, and investment in Airport Group Entities).
- Furthermore, proceeds from older Non-Convertible Bonds (ISINs: INE776C08059, INE776C08075, INE776C08083) were confirmed as fully utilized as per the original end-use plan without any deviation.
Auditor’s Review and Key Notes
Walker Chandiok & Co LLP issued the Independent Auditor’s Review Report for both standalone and consolidated results, concluding that nothing caused them to believe the statements contained material misstatements, based on their review procedures.
Notes highlight significant matters affecting the figures:
- Litigation Impact: Carrying values of investments in DIAL and GHIAL include impacts from ongoing litigations, notably concerning Monthly Annual Fees (MAF) for DIAL, where an Arbitral Tribunal ruled in DIAL’s favor excusing MAF payment from March 19, 2020, to February 28, 2022.
- Terminal 1D Canopy Damage (Consolidated): DIAL recognized an exceptional item of Rs. 35.00 crore received as material damage payment from the insurance company during the period.
- Change in Useful Life (Consolidated): The management changed the estimated useful life of Terminal & associated Buildings from 30 years to 50 years or the concession end date, resulting in a depreciation charge reduction of Rs. 111.69 crore for the current period.
The Board Meeting commenced at 05:30 P.M. and concluded at 07:45 P.M.
Source: BSE
