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Informist, Saturday, Feb. 14, 2026

 

By Ashutosh Pati

 

MUMBAI – GMR Airports Ltd. reported a consolidated net profit for the December quarter, after three straight quarters of losses. The airport operator's top line rose sharply for the quarter, supported by higher passenger traffic.

 

The company reported a consolidated net profit of INR 1.22 billion for the December quarter, down over 54% on year. Analysts had expected it to report a net profit of INR 1.06 billion. Its revenue from operations rose around 51% on year to INR 39.94 billion, in line with expectations of INR 39.92 billion.

 

GMR Airports reported earnings before interest, tax, depreciation, and amortisation of INR 17.89 billion for the reporting quarter, up 65% on year. The company's Delhi airport reported its highest-ever EBITDA for a quarter. The company's airports handled a record 31.9 million passengers in the December quarter, led by Delhi airport at a record 20.8 million passengers, Hyderabad airport at 7.8 million passengers, and Mopa (Goa) airport at a record 1.46 million passengers, the company said in a release.

 

The company's total expenses during the quarter rose to INR 22.93 billion, up 38% from INR 16.62 billion a year ago. It reported a sharp rise in purchase of stock-in-trade at INR 2.30 billion from INR 657.3 million in the year ago period. Other expenses were up around 28% on year at INR 6.38 billion.

 

In the nine months ended December, the company reported a net loss of INR 1.27 billion. It earned revenues of INR 10.87 billion during the period. On Friday, shares of GMR Airports closed more than 2% lower at INR 94.03 on the National Stock Exchange.  End

 

Edited by Ashish Shirke

 

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