GMR Airports Limited (GAL) has released its Consolidated Results for Q1FY27, reporting a significant increase in Gross Income to INR 40.8 billion, a 23% YoY growth. EBITDA also saw a substantial rise of 22% YoY to INR 15.7 billion. The company highlighted key operational achievements including 30.5 million passengers handled and a 1% YoY growth in Pax Traffic. The presentation also covers advancements in airport development, business highlights, and financial performance across its various airports.
GMR Airports Reports Strong Q1FY27 Financial Performance
GMR Airports Limited (GAL) has announced its consolidated financial results for the first quarter of Fiscal Year 2027 (Q1FY27), ending June 30, 2026. The company demonstrated robust financial health with Gross Income reaching INR 40.8 billion, marking a significant 23% Year-on-Year (YoY) increase. Furthermore, EBITDA grew by 22% YoY to INR 15.7 billion, with EBITDA margins stable at 50%.
Key Operational and Financial Highlights
In terms of operational performance, GAL handled 30.5 million passengers in Q1FY27, representing a 1% YoY growth in Pax Traffic. Passenger ATMs also increased by 7% YoY. The presentation details a strong upward trend in Aero Yield Per Pax (YPP), which increased by 12% YoY to INR 445, and Non-Aero Income Per Pax (IPP) saw an 8% Quarter-on-Quarter (QoQ) growth to INR 691. Net Debt remained unchanged QoQ at INR 340 billion.
Performance Across Key Airports
The investor presentation provides detailed insights into the performance of individual airports. Delhi Airport (DIAL) reported Net Income of INR 11.5 billion and EBITDA of INR 7.0 billion, with EBITDA margins at 61%. Hyderabad Airport (GHIAL) recorded Net Income of INR 6.0 billion and EBITDA of INR 3.9 billion, maintaining EBITDA margins at 65%. Mopa (Goa) Airport showed a Net Income of INR 941 million and EBITDA of INR 404 million, with EBITDA margins at 43%. The company also detailed key highlights for Bhogapuram, Nagpur, Medan, and Crete airports, including project progress and operational status.
Business Development and ESG Focus
GAL continues to focus on expanding its business through airport adjacency opportunities and real estate monetization. The company is actively engaged in developing new airport infrastructure and enhancing existing facilities to improve passenger experience. Environmental, Social, and Governance (ESG) initiatives remain a core part of GAL’s business framework, with significant improvements noted in its ESG ratings from S&P, MSCI, and Sustainalytics. The company also highlighted achievements in airport carbon accreditation and green building certifications.
Source: BSE
