Shares of GMR Airports Ltd traded higher by 1.97% at ₹77.22 on Monday, following a key regulatory decision from the Airports Economic Regulatory Authority (AERA) that is expected to significantly boost the operator’s revenue outlook.
In a filing to the exchanges, the company announced that AERA has approved a 148% increase in the aeronautical tariff for Delhi International Airport (DIAL), effective April 16, 2025. This decision, part of the variable tariff plan submitted by the GMR Group subsidiary, will remain in place till the end of the current control period on March 31, 2029.
While the User Development Fee (UDF) for domestic departing passengers has been kept unchanged at ₹129, the UDF for international passengers has seen a major increase:
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Economy class: ₹129 → ₹650 (↑403%)
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Business class: ₹129 → ₹810 (↑527%)
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Arrivals (newly introduced): ₹275 for economy and ₹345 for business class
The Yield per Passenger (Pax) has increased from around ₹145 to ₹360, highlighting the scale of the revision. GMR stated that the tariff revision will aid in supporting infrastructure expansion and position Delhi Airport as a global hub for long-haul travel.
Additionally, landing charges for wide-body aircraft operating new international routes have been waived, and landing/parking charges have been rationalized to stay competitive with global benchmarks.
As of the latest update, GMR Airports has a market capitalization of ₹810.93 billion, with the day’s range recorded between ₹76.80 and ₹77.50.
