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Informist, Wednesday, Aug. 12, 2026

 

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--GMR Airports Apr-Jun consol PAT INR 910.40 mln vs loss INR 2.12 bln yr ago 
--GMR Airports Apr-Jun consol revenue INR 39.64 bln vs INR 32.05 bln yr ago 
--GMR Airports to raise up INR 50 bln via QIP, convertible bonds, others 
--GMR Airports to raise up to INR 50 bln via QIP, convertible bonds, others 
--GMR Airports to raise up to INR 15 bln via non-convertible bonds 
--GMR Airports Apr-Jun consol operating profit margin 39.55% vs 39.94% yr ago 

--GMR Airports Apr-Jun consol EBITDA INR 15.68 bln vs INR 12.80 bln yr ago 

--GMR Airports Apr-Jun consol EBITDA margin 50% vs 51% year ago 

--GMR Airports consol net debt INR 340 bln on Jun 30, up 3% on year 

 

By Astha Oriel and Shakshi Jain

 

NEW DELHI – GMR Airports Ltd. swung to profit in the June quarter compared with a loss in the year-ago period. Both revenue from operations and total expenses grew substantially and at a similar pace for the three months. However, a slight increase in other income and a low rise in tax outgo lent much-needed support to the bottom line. 

 

The airport operator's consolidated net profit for the June quarter came in at INR 910 million as opposed to a loss of INR 2.12 billion in the year-ago quarter. Its revenue from operations grew nearly 24% on year to INR 39.64 billion. The three months ended Jun. 30 marked the 19th consecutive quarter of year-on-year top line growth for the company.

 

Other income for GMR Airports grew over 4% on year to INR 1.21 billion in the reporting quarter while its total expenses increased over 23% on year to INR 25.17 billion.  

 

The company's consolidated earnings before interest, tax, depreciation, and amortisation for the reporting quarter rose nearly 23% on year to INR 15.68 billion, but the margin contracted 100 basis points on year to 50%. The consolidated operating profit margin of the company contracted 39 bps on year to 39.55% for the quarter.

 

GMR Airports' consolidated net debt grew 3% on year to INR 340 billion.

 

The company said its board approved an enabling resolution to raise up to INR 50 billion through issuance of securities on a qualified institutional placement basis or any other method. The board also approved an enabling resolution for issuance of rupee-denominated non-convertible bonds worth upto INR 15 billion in one or more tranches or series on private placement basis for re-financing of existing non-convertible bonds of the company.

 

Market participants will react to GMR Airports' June-quarter earnings on Thursday as the company detailed its results after market hours. Wednesday, shares of the company closed at INR 104.55 on the National Stock Exchange, 0.5% lower than Tuesday.  End

 

Edited by Deepshikha Bhardwaj

 

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