GMR Airports swings to profit as revenue climbs in FY26
The airport operator posted a consolidated net profit of ₹472 crore for the year, reversing an ₹817 crore loss in FY25.
— 2 earlier stories on GMR Airports Ltd. →What's new
- Consolidated revenue rose 42% to ₹14,807 crore for FY2026.
- Standalone revenue grew 82% year-on-year to ₹494 crore.
- Profitability improved due to higher traffic and new duty-free and cargo operations.
Why this matters
The turnaround from a loss to profit changes the company's financial profile. The revenue growth confirms the impact of recent expansions at Delhi and Hyderabad airports.
What we're watching
- Sustained traffic growth across the Delhi and Hyderabad hubs.
- Profitability from the new duty-free and cargo concessions.
- Debt reduction progress following the return to profit.
The full read
GMR Airports moved back into the black. For FY2026, the company posted a consolidated net profit of ₹472 crore, a reversal from the ₹817 crore loss recorded in the prior year. Consolidated revenue climbed 42% to ₹14,807 crore, supported by higher passenger traffic and the scaling of new duty-free and cargo operations at its Delhi and Hyderabad hubs. On a standalone basis, the company reported revenue of ₹494 crore, an 82% increase, and a net profit of ₹142.05 crore against a loss of ₹190.74 crore in FY2025. These figures confirm a recovery in the company's core operations. The next test is whether the company maintains this momentum in the coming quarters as it scales its newer concessions.
Questions answered
- How did GMR Airports perform on a consolidated basis in FY2026?
- The company reported a net profit of ₹472 crore for FY2026, compared to a loss of ₹817 crore in the previous year. Consolidated revenue increased by 42% to reach ₹14,807 crore.
- What drove the improvement in financial performance?
- Growth came from higher passenger traffic and the addition of new duty-free operations at Delhi and Hyderabad airports. The cargo terminal concession at Delhi also added to the revenue.
- How did the standalone business fare?
- Standalone revenue grew by 82% year-on-year to ₹494 crore. The company also turned a net profit of ₹142.05 crore, compared to a loss of ₹190.74 crore in FY2025.
- Was this result a surprise to the market?
- No. As an annual results filing, the performance was already anticipated.
Story so far
All notes on GMRAIRPORT →- 27 May 2026 · 10:11 PM IST GMR Airports swings to profit as revenue climbs in FY26
- today GMR Airports posts first annual profit in over a decade
- today GMR Airports swings to ₹472 cr profit as traffic and cargo recover