Shares of GMR Airports Ltd traded 2.25% higher at Rs 97.64 on Friday, November 14, after the company reported a strong improvement in its September-quarter performance. The stock opened firm and moved within a day range of Rs 97.55 – Rs 99.19, supported by upbeat earnings momentum.
GMR Airports Limited (GAL) posted a 47% year-on-year jump in total revenue to Rs 36.70 billion, driven by a rebound in passenger traffic and improved non-aero revenues. EBITDA increased 56% to Rs 15.00 billion, while the company’s net loss narrowed sharply to Rs 371 million, compared with a Rs 2.80 billion loss a year ago. EBITDA margin expanded to 41.72%, reflecting improved operational efficiencies.
During the quarter, GAL-operated airports handled 27.8 million passengers, representing 27% of India’s total air traffic in H1 FY26. Delhi Airport’s revenue grew 34% YoY, while Hyderabad Airport recorded 16.9% growth. The company also started duty-free operations at both Delhi and Hyderabad, which is expected to add to non-aeronautical revenues going forward.
Among key developments, GAL secured the Delhi Cargo City concession, refinanced Rs 59 billion of debt through NCDs, and reopened the upgraded runway 10/28 at Delhi Airport for regular CAT III operations.
The strong quarterly performance and operational tailwinds lifted investor sentiment, placing GMR Airports among the early gainers in Friday’s session.
