GMR Airports Ltd (India)

GMR Airports Ltd share price inched up 0.56% to Rs 89.7 after the company's net profit plunged by 55.81% to Rs 65.38 crore, while revenue from operations improved marginally 3.32% to Rs 4095.44 crore in Q3FY26 over Q2FY26. The market capitalization of Airport & Airport services industry group stocks on BSE stood at Rs 1.12 lakh crore, easing 2.93%. It has marginally improved by 2.86% over last one week and dropped by 13.99% in last one month while the market capitalization of GMR Airports Ltd has improved by 2.87% and 13.99% in the same period respectively. Profit before tax (PBT) of GMR Airports Ltd stood at Rs 137.38 crore in Q3 FY26, rallying 33.20% year-on-year, and nosediving by 38.44% quarter-on-quarter. EBITDA came in at Rs 1391 crore, rising 2.11% YoY and gaining 4.43% sequentially. Total expenses posted a minor rise of 4.74% to Rs 3113.25 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 61.35 crore, marginally falling by 2.01% YoY, while employee benefits expense was at Rs 458.92 crore, registering a marginal contraction of 0.28% YoY. For the TTM ended FY26, revenue from operations jumped by 42.18% to Rs 14807.41 crore, while net profit tumbled by 157.83% to Rs 472.39 crore, compared to previous TTM. EBITDA surged by 326951% to Rs 5363.57 crore, and PBT collapsed by 192.25% to Rs 586.09 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 4883.53 crore in FY26, as against Rs 3442.56 crore in FY25. GMR Airports Ltd softened by 3.17% in last one year, significantly outperforming the benchmark BSE Sensex which has declined by 13.45% during the same period.

GMR Airports Limited, formerly GMR Airports Infrastructure Limited, submitted a certificate to the BSE Limited and National Stock Exchange of India Ltd. on October 15, 2026, confirming that KFin Technologies Limited, acting as Registrar to an Issue and Share Transfer Agent, received no requests for dematerialisation/rematerialisation of shares during the period from July 1, 2026, to September 30, 2026, as required under Regulation 74(5) of the Securities and Exchange Board of India (Depositories & Participants) Regulations 2018.

GMR Airports Limited has incorporated GMR Aero Realty Limited (GARL) as a wholly owned subsidiary in India with an initial subscribed and paid-up share capital of Rs 1 crore, divided into 10 lakh equity shares of Rs 10 each, to be engaged in real estate and land development opportunities.

GMR Airports Limited will close its trading window for all designated persons and their immediate relatives from the end of business hours on September 30, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the quarter and half year ending September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

GMR Airports Limited announced the allotment of 10,20,00,000 equity shares of Re. 1/- each to GMR Infra Services Private Limited, a subsidiary of Aeroports de Paris S.A., following the conversion of 25,50,000 Optionally Convertible Redeemable Preference Shares of Rs. 40/- each, as part of a composite scheme of amalgamation and arrangement that became effective July 25, 2024.

GMR Airports Limited has made voluntary prepayment of principal amount along with accrued interest and redemption premium to the holders of its Non-Convertible Bonds, according to a filing with the BSE Limited and National Stock Exchange of India Ltd. The company prepaid Rs 1,100 crore and Rs 400 crore of bonds with ISINs INE776C08059 and INE776C08067 respectively, including interest accrued and redemption premium net of tax amounting to Rs 125.17 crore and Rs 43.70 crore. The redemption date was September 25, 2026, and September 28, 2026, respectively, representing a premature redemption of the bonds originally due February 25, 2028, and April 3, 2028.

GMR Airports Limited announced that its Indian subsidiary, GMR Hospitality Limited (GHL), has been selected as the bidder to operate Food & Beverage outlets at Terminal 3 of Indira Gandhi International Airport in New Delhi, under a license agreement with Delhi International Airport Limited, another subsidiary of GMR Airports. The agreement, commencing May 2036, with a potential extension to 2046, anticipates license fees of approximately Rs 49 Cr for FY 2026-27 and Rs 109 Cr for FY 2027-28, paid via a revenue-sharing model with a minimum monthly guarantee, and does not involve any related-party interest beyond existing shareholdings in DIAL & GHL.

GMR Airports Limited has allotted 1,50,000 non-convertible bonds of INR 1 lakh face value each, totaling INR 1,500 crores, on a private placement basis to refinance existing NCBs, according to a regulatory filing on September 09, 2026. The bonds carry an interest rate of 9.56% and a tenure of up to 36 months, replacing existing NCBs with a rate of 10.75%.

GMR Airports Limited has received approval from its Management Committee to issue 1,50,000 5% coupon, INR 1 lakh face value, Listed, Unsecured, Rated, Redeemable Non-Convertible Bonds, aggregating up to Rs 1,500 crore, on a private placement basis for a tenure of up to 36 months to refinance existing NCBs of the same amount.

GMR Airports Ltd announced that CARE Ratings Limited has assigned ratings of “CARE AA-; Stable” and Crisil Ratings Limited has assigned ratings of “Crisil AA-; Stable” for the proposed issuance of Non-Convertible Bonds up to INR 1,500 crores, intended for refinancing existing Non-Convertible Bonds. Furthermore, Crisil Ratings Limited has upgraded its ratings from “Crisil A+; Stable” to “Crisil AA-; Stable” for Non-Convertible Bonds already issued by the Company amounting up to INR 5,900 crores (originally assessed and now upgraded for NCDs of up to INR 6,000 crore), with copies of the letters from both CARE Ratings Limited and Crisil Ratings Limited available on the company website.