GMR Airports reported strong Q2 FY2026 results with revenue from operations increasing to INR 36.7 billion, up 47% YoY. EBITDA reached INR 15.3 billion, a 59% YoY increase. The company saw a passenger traffic of 27.8 million across its airports. Delhi Airport’s new Terminal 2 was operationalized, while progress continues on the Bhogapuram and Crete airports.
Financial Performance Overview
GMR Airports (GAL) announced its consolidated financial results for Q2 FY2026, demonstrating substantial growth. Key highlights include:
- Revenue from Operations: Increased to INR 36.7 billion, a surge of 47% compared to the same quarter last year.
- EBITDA: Reached INR 15.3 billion, reflecting a robust 59% increase year-over-year.
- Net Profit After Tax: Recorded a profit of INR 351 million, a significant turnaround from previous losses.
Operational Highlights
Significant operational updates across GMR’s airport portfolio:
- Passenger Traffic: Handled 27.8 million passengers in Q2 FY2026.
- Delhi Airport:
- Terminal 2 was operationalized on October 25, 2025.
- New Cargo City concession awarded to GAL.
- Hyderabad Airport: Achieved record quarterly EBITDA.
- Mopa Airport (Goa): Captured approximately 46% market share of Goa system traffic.
- Bhogapuram Airport: Reported overall physical progress of approximately 87.5% complete.
- Crete Airport: Construction work is progressing as per the set schedule, with approximately 60% completion.
Segmental Performance
Details on financial performance of the different entities of GMR Airports:
- Delhi Airport:
- Generated Revenue of INR 10,479 million.
- EBITDA reached INR 6,749 million.
- Hyderabad Airport:
- Generated Revenue of INR 6,474 million.
- EBITDA stood at INR 4,298 million.
- Mopa Airport (Goa):
- Generated Revenue of INR 632 million.
- Reported EBITDA of INR 121 million.
- Medan Airport (Indonesia): Reported a 10.6% YoY revenue growth.
Debt and Capex
The company increased their capital expenditure in several areas including GVIAL and Crete. It raised INR 59 billion via Non-Convertible Bonds to refinance debt.
Source: BSE