Earnings Review
GMR Airports net loss narrows in Q2, revenue up 47% YoY
This story was originally published at 21:45 IST on 13 November 2025
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--GMR Airports Jul-Sept consol net loss INR 370.9 mln
--GMR Airports Jul-Sept consol net loss INR 370.9 mln vs loss INR 2.80 bln
--GMR Airports Jul-Sept consol revenue INR 36.70 bln vs INR 24.95 bln yr ago
--GMR Airports Apr-Sept consol net loss INR 2.49 bln vs loss INR 4.22 bln
--GMR Airports Apr-Sept consol revenue INR 68.75 bln vs INR 48.98 bln yr ago
By Shakshi Jain
MUMBAI – GMR Airports Ltd.'s consolidated net loss for the September quarter narrowed year-on-year with a sharp rise in its revenue for the period. Further, total expenses of the company grew at a slower place compared to the top line in Jul-Sept. This is the lowest loss reported by the company in the past three quarters. Its revenue was at a 10-quarter high in the three months ended Sept. 30.
GMR Airports' consolidated net loss narrowed to INR 370.9 million in the September quarter from a net loss of INR 2.80 billion in the corresponding quarter a year ago. In the June quarter, the company suffered a consolidated net loss of INR 2.12 billion.
The company's consolidated revenue for the quarter jumped up 47% on year to INR 36.70 billion. On a sequential basis, the company's top line grew nearly 15%.
Total expenses of the company rose nearly 36% on year and almost 9% sequentially to INR 22.23 billion in the September quarter. Finance costs of the company grew marginally on year to INR 10.43 billion. This growth in finance costs was at a three-quarter low in Jul-Sept.
GMR Airports' employee benefit costs increased 17.4% on year to INR 4.32 billion. Other expenses rose almost 20% on year in the reporting quarter to INR 6.14 billion. Meanwhile, depreciation and amortisation expenses of the company declined 9% on year to INR 4.31 billion in the three-month period.
The consolidated earnings before interest, tax, depreciation, and amortisation was INR 15.31 billion, up from INR 9.62 billion in the corresponding quarter a year ago. Its operating profit margin for the three-month period improved by 319 basis points on year to 41.73%.
In the first six months of 2025-26 (Apr-Mar), the company suffered a consolidated net loss of INR 2.49 billion, lower than the consolidated net loss of INR 4.22 billion reported in the first half of FY25. Its consolidated revenue grew over 40% on year to INR 68.75 billion.
The company's net debt as of Sept. 30 was INR 340 billion, up 19% on year and 4% sequentially.
On Thursday, shares of the company ended flat on the National Stock Exchange at INR 95.49. The company reported its September quarter results after market hours. End
Edited by Ashish Shirke
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