GMR Airports Limited (GAL) has released its investor presentation for Q2FY27, highlighting a 12% YoY increase in Gross Income to INR 41.9bn and a 0.6% YoY growth in Pax Traffic to 28.0mn. EBITDA was stable at INR 15.7bn YoY. The presentation details operational and financial performance across its diverse airport portfolio, including DIAL, GHIAL, and international assets.
GMR Airports Reports Q2FY27 Performance with Key Growth Metrics
GMR Airports Limited (GAL) has shared its investor presentation for the second quarter of Fiscal Year 2027 (Q2FY27), detailing significant operational and financial highlights. The company reported a robust 12% Year-on-Year (YoY) growth in its Gross Income, reaching INR 41.9 billion. This growth was accompanied by a 3% Quarter-on-Quarter (QoQ) increase.
Operational Highlights
Pax traffic for Q2FY27 stood at 28.0 million passengers, marking a 0.6% YoY increase and an 8.2% QoQ rise. EBITDA for the quarter remained stable YoY at INR 15.7 billion, with margins at 49%. For the first half of FY27 (H1FY27), GAL handled 58.4 million passengers, an increase of 0.8% YoY, and reported a 17% YoY jump in Gross Income to INR 83 billion.
Financial Performance Details
The consolidated results for Q2FY27 show a Profit After Tax (PAT) of INR 654 million. The company has maintained a positive PAT for five consecutive quarters. EBITDA margins for Q2FY27 were 49%, down 4% YoY, while H1FY27 EBITDA margins were 50%, down 2% YoY. The Net Debt remained unchanged YoY at INR 340 billion.
Airport-Specific Performance
Key airport assets like Delhi Airport (DIAL) and Hyderabad Airport (GHIAL) reported strong revenue growth. DIAL’s Aero Revenue grew by 4.7% YoY, and Non-aero Revenue increased by 20.3% YoY. GHIAL saw an 8.3% YoY increase in Aero Revenue and a 4.6% YoY increase in Non-aero Revenue. Mopa (Goa) Airport reported a 35% YoY growth in Aero Revenue.
Adjacency Business and Investments
The presentation also highlighted developments in non-aero businesses, including F&B and Cargo. GAL secured a bid for F&B outlets at Delhi Airport’s Terminal 3 and entered a license agreement for an express cargo terminal. Credit rating upgrades and refinancing activities were also noted for DIAL and GHIAL.
Capex and Future Outlook
Capex progress for Crete Airport stands at 78%. The company continues to focus on improving profitability, stabilizing new airport operations, strengthening non-aero businesses, and monetizing real estate. Judicious participation in capex-light opportunities in South & South-East Asia and the Middle East is also a key focus area.
Source: BSE
