GMR AIRPORTS LIMITED reported consolidated total income of Rs 4,043 crore for the fourth quarter of FY26, a 36% year-on-year increase, and Rs 15,201 crore for the full fiscal year, up 40% over FY25. EBITDA for the quarter stood at Rs 1,549 crore, up 38% YoY, while annual EBITDA reached Rs 6,150 crore, the highest on record and a 47% increase year-on-year.
GMR Airports posted a consolidated profit after tax of Rs 400 crore for Q4FY26 compared to a loss of Rs 253 crore in the same quarter last year. For FY26, PAT stood at Rs 472 crore, marking the first positive annual profit in over a decade. Delhi and Hyderabad airports reported their highest ever annual EBITDA.
GMR-operated airports handled 31.7 million passengers in Q4FY26 and a record 121.6 million passengers in FY26. Delhi Airport recorded 21.2 million passengers in Q4FY26 and 78.7 million in FY26. Hyderabad Airport handled 7.3 million passengers in Q4FY26 and a record 30.5 million in FY26, while Mopa Airport handled 1.54 million passengers in the quarter and 5.4 million for the year.
Airport adjacency businesses expanded during the year. Duty-free operations at Delhi and Hyderabad achieved record monthly sales and commenced sales at international lounges. GMR Airports was awarded the concession to upgrade and operate Cargo Terminal 1 at Delhi Airport, and Cargo Terminal 2 was commissioned at Hyderabad Airport with an initial capacity of 50,000 metric tonnes per annum.
The Board of GHIAL declared an interim dividend of Rs 7.5 per share, aggregating Rs 283.5 crore. GHIAL raised Rs 2,100 crore through 15-year non-convertible debentures at a 7.6% coupon, refinancing dollar-denominated debt with expected interest cost savings of over 150 basis points. CRISIL revised the outlook on GHIAL to Positive while reaffirming the rating at Crisil AA+.
Bhogapuram Airport achieved 98.7% physical progress by March 2026 and is expected to be operational by Q2FY27, ahead of the original December 2026 target. Delhi Airport converted Pier C of Terminal 3 to international operations, increasing annual international capacity by 50% to 32 million passengers.
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