GMR Airports swung to a consolidated net profit of ₹91 crore for Q1 FY27 ended June 30, 2026, marking a significant turnaround from a net loss of ₹212 crore in the year-ago period. According to CNBC TV18, the company reported consolidated revenue of ₹3,964 crore, up 24% year-on-year from ₹3,205 crore, while EBITDA increased 24% to ₹1,447 crore from ₹1,165 crore with EBITDA margin improving to 36.5% from 36.3%. The company also reported total comprehensive income of ₹145.05 crore for the quarter. Despite this strong operational performance, shares closed 2.06% lower at ₹102.40 on Thursday, August 13, 2026, as reported by Moneycontrol.com.
Bhogapuram airport, a new greenfield airport, was 98.7% complete as of March 31, 2026, with airside work fully finished. Management has committed to commercially opening the airport in the July-September 2026 quarter (Q2 FY27), adding an estimated 2.25 million or more passengers over its first nine months of operation. The project cost approximately ₹4,700 crore and carries construction-related debt, with annual depreciation estimated near ₹200 crore. The airport will generate revenue through aeronautical charges set by AERA and non-aeronautical revenue from shops, parking, and services, which totalled ₹5,586.70 crore in FY2025. The management has indicated that the ad-hoc tariff rate will sit at roughly 75% of the expected full rate for Bhogapuram airport's initial operations.
GMR Airports has demonstrated significant financial improvement over the past year, with revenue growing from ₹4,600.72 crore in 2022 to ₹14,807.41 crore in 2026. As reported by Moneycontrol.com, the company turned profitable in the latter half of the financial year, reporting net profits of ₹24.42 crore in September 2025, ₹152.90 crore in December 2025, and ₹239.21 crore in March 2026. This represents a dramatic shift from net losses of ₹823.01 crore in 2022, ₹925.90 crore in 2023, ₹1,054.05 crore in 2024, and ₹1,001.72 crore in 2025. The company's Group India airports handled 113.40 million passengers in FY2025 and grew to 121.6 million passengers in FY2026. With the upcoming Q1 FY27 results announcement, investors will be closely watching how the company's financial trajectory continues in the current quarter.
Despite the strong operational performance, GMR Airports reported negative total equity of ₹1,428.65 crore as of June 30, 2026, even as it said its operating performance and cash flows from operations had improved significantly from previous periods. As reported by CNBC TV18, the company explained that the negative equity was primarily the result of unrealised foreign-exchange fluctuation losses, which are non-cash and notional, as well as higher depreciation and finance costs following the capitalisation of various projects in previous years. The company stated these losses were temporary and that it expects revenue and margins to improve in subsequent years following tariff orders for Delhi International Airport and GMR Hyderabad International Airport for the upcoming concession period. The company also indicated that the group expects to be able to generate sufficient funds to meet its obligations.
GMR Airports' board approved an enabling resolution to raise up to ₹5,000 crore in one or more tranches through securities including fully paid-up equity shares, non-convertible debentures with warrants, convertible securities and foreign currency convertible bonds. According to CNBC TV18, the fundraising will be subject to shareholder and other regulatory approvals. The board separately approved an enabling resolution to issue up to ₹1,500 crore of rupee-denominated non-convertible bonds through private placement, with the proceeds to be used to refinance existing non-convertible bonds. The board approved the company's unaudited standalone and consolidated financial results for the June quarter at its meeting on August 12, 2026.
According to Moneycontrol.com, GMR Airports has undertaken several corporate actions, including a recent update on July 29, 2026, regarding a tariff matter related to GMR Visakhapatnam International Airport Limited. The company submitted its Certificate under Regulation 74(5) of SEBI regulations for the quarter ended June 30, 2026, on July 14, 2026. Previously, the company declared final dividends of ₹0.1000 per share (10%) in 2014 and 2013, and announced a rights issue with a ratio of 3:14 in September 2014 with a premium of ₹14 per share. The company has also undertaken stock splits, reducing its face value from ₹10 to ₹2 in September 2007, and further to ₹1 in October 2009.
