GMR Airports Ltd reported consolidated revenue from operations of ₹36.7 billion for the September quarter, while posting a net loss of ₹370.9 million. The results reflect strong passenger traffic recovery and higher non-aero revenues, though rising finance costs and depreciation weighed on profitability.
GMR Airports Ltd, India’s leading private airport operator, announced its Q2 FY2026 results, with consolidated revenue from operations rising to ₹36.7 billion. Despite the topline growth, the company reported a net loss of ₹370.9 million, impacted by higher interest expenses and depreciation linked to recent capacity expansions.
Passenger traffic across GMR’s airports, including Delhi, Hyderabad, and Goa, showed robust recovery, supported by festive travel demand and international route additions. Non-aero revenues from retail, cargo, and duty-free also contributed positively. However, the company continues to face challenges from currency volatility, fuel-linked costs, and capital-intensive projects under development.
Management reiterated its focus on expanding international connectivity, enhancing retail offerings, and leveraging digital solutions to improve operational efficiency. The company remains optimistic about H2 FY2026, citing strong demand trends and upcoming capacity additions.
Key Highlights / Major Takeaways:
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Revenue from Operations: ₹36.7 billion
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Net Loss: ₹370.9 million
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Growth Drivers: Passenger traffic recovery, non-aero revenue streams
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Challenges: Finance costs, depreciation, currency volatility
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Strategic Focus: International connectivity, retail expansion, digital efficiency
GMR’s Q2 performance underscores both the resilience of India’s aviation sector and the capital-heavy nature of airport infrastructure.
Sources: Economic Times, Moneycontrol, Business Standard