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GMR Airports share price & results

GMR Airports Limited· Services

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

India's largest private airport operator, running Delhi, Hyderabad and Goa plus overseas gateways

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,227 ₹ crore+156.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin31.0 %+8.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit58.0 ₹ crore—Quarterly, as filedQuarter to Jun 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity-20.45 %−34.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin10.68 %+16.3 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)38.81 %+23.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

6 of 8 judged targets kept · 9 open · verdicts reflect calls analysed to Q4 FY26.

GMR Airports Limited management guidance track record on Inve: 17 targets tracked across analysed earnings calls (6 achieved, 2 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
Regulatory ApprovalDelhi tariff order to be announced by Q4 FY25.
Call transcript, Q1 FY25 · 14 Aug 2024		Q1 FY25Q4 FY26:Promise achieved in a prior quarter.
Call transcript, Q4 FY26 · 28 May 2026		Achieved
Regulatory ActionAERA to re-compute and implement HRAB within 12 weeks from July 1, 2025.
Call transcript, Q1 FY26 · 30 Jul 2025		Q1 FY26Q4 FY26:No update provided on the HRAB matter pending before the Supreme Court.
Call transcript, Q4 FY26 · 28 May 2026		Missed
Non-Aero Revenue GrowthSustainable non-aero revenue growth of 14-15% YoY.
Call transcript, Q2 FY26 · 14 Nov 2025		Q2 FY26Q4 FY26:We are looking at upward of 15%, 16% of growth YoY.
Call transcript, Q4 FY26 · 28 May 2026		Revised Up

Source: Inve Guidance Tracker for GMR Airports Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of GMR Airports Limited's 17 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

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Price

₹89.88 +4.05% · +₹3.5

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −3.6% 1Y

₹90₹100₹110Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 27 May 2026

1Y: ₹93.2 on 24 Oct 2025 → ₹89.88. High ₹114.98 (7 Jul 2026), low ₹84.75 (30 Mar 2026).

Previous close
₹86.38
Market cap
₹95.4k Cr
52-week range
₹84.75 – ₹114.98
One year
−2.66%
Price to earnings (TTM to Jun 2026)
169.80×
Return on equity (TTM to Jun 2026)
-20.45%

Overview

Symbol
NSE:GMRAIRPORT
Sector
Services
Exchange
NSE
Currency
INR

What GMR Airports Limited does

Based on the company's own presentations, annual report and earnings calls.

GMR Airports Limited (formerly GMR Airports Infrastructure) is India's largest private airport operator and among the largest globally by passenger traffic, developing and running airports under long-term concessions. It earns regulated aeronautical charges (landing, parking and per-passenger development fees) plus non-aeronautical income from duty-free, retail, food & beverage, cargo, advertising, ground handling and car parking, and monetises prime airport-city (Aerocity) real estate around its airports. It also generates EPC, consultancy and airport-management/O&M service revenue. Its portfolio spans India, Indonesia, the Philippines and Greece.

Segments

  • Aeronautical (Aero)
  • Non-Aeronautical (Non-Aero)
  • Real Estate / Airport City (Aerocity)
  • EPC & Airport Services
Global position
2nd-largest private airport operator globally (CY2025 passengers); largest in India
Airport assets
9 airport assets in operation or under development
Passengers handled (FY26)
~134 mn across all gateway airports
Geographic footprint
Airports across India, Indonesia, the Philippines and Greece
Portfolio airports
Delhi (IGI), Hyderabad, Goa (Mopa), Nagpur, Bhogapuram, Medan, Mactan-Cebu, Crete
India passenger-traffic share (FY26)
~27% of India's air passengers (operational Indian airports)
Founded 1996Headquarters New Delhi, India Company website

How the price took the results

close before → close after

Q4 FY26
+2.6%
28 May
Q3 FY26
+6.9%
14 Feb
Q2 FY26
+0.2%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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