GMR Airports Reports Strong Growth in Q1FY27, Total Income Rises 23% YoY

GMR Airports Reports Strong Growth in Q1FY27, Total Income Rises 23% YoY​

GMR Airports Limited (GAL) reported a performance surge in the first quarter of fiscal year 2027 (Q1FY27), with its total income increasing by 23% year-on-year to INR 4,085 Crs. The company recorded an EBITDA increase of 22% YoY to INR 1,568 Crs and reported a profit after tax (PAT) of INR 148 Crs, marking the fourth consecutive quarter of positive PAT.

The results reflect improved performance across both non-aero and aero segments, even amidst muted traffic trends. Consolidated financial highlights for GMR Airports Limited are presented below:


GAL managed 30.5 million passengers across its owned airports in Q1FY27, achieving the highest quarterly share of India's international travelers in four years. Key operations include Delhi Airport, which handled 20.4 million passengers, and Hyderabad Airport, with 7.1 million passengers. Mopa (Goa) Airport managed 1.2 million passengers.

Operational Highlights Across Airports​

Delhi International Airport (DIAL):
Q1FY27 saw passenger traffic at DIAL rise by 6.9% year-on-year to 20.4 million, while domestic traffic increased by 9.5%. The airport has become India's first and leading hub, facilitating seamless transfers for international travelers connecting spoke cities like Varanasi and Amritsar through Air India’s 'Easy Connect' services.

The Delhi Duty Free concession (operated by GAL) generated revenue of INR 5.8 billion in Q1FY27, remaining stable compared to Q4FY26 despite softness in international traffic. The SPP for the quarter stood at INR 1,116 against INR 1,038 in Q4FY26, marking a record monthly SPP achieved in June '26.

Hyderabad Airport (GHIAL):
Traffic at Hyderabad Airport declined by 12.1% year-on-year to 7.1 million passengers. International traffic saw a 10.1% decline, attributed to geopolitical instability and rising airfares, while domestic traffic dropped due to airline route rationalization. The Hyderabad Duty Free concession generated revenue of INR 1.1 billion in Q1FY27, stabilizing compared to Q4FY26, and achieved the highest ever quarterly SPP of INR 956.

Mopa (Goa) Airport:
The airport registered passenger traffic at 1.16 million, down 5.6% YoY. GAL captured approximately 44% of the Goa system traffic in Q1FY27. The Total Income for Mopa increased to INR 126 Crs, up 23.4% from INR 102 Crs in Q1FY26, with aero revenues rising 31%.

Strategic Expansions and Upgrades​

GAL expanded its operational portfolio with the addition of two new airports: Nagpur and Bhogapuram. The takeover of operations at Nagpur airport was completed on June 25, 2026. Separately, the Bhogapuram airport in Visakhapatnam was inaugurated by the Prime Minister on August 1, 2026, with commercial operations set to commence shortly.

In a strategic move for aviation maintenance, GMR Aero Technic, a subsidiary of Hyderabad Airport, signed a license agreement with Honeywell Aerospace. This agreement covers the maintenance, repair, and overhaul (MRO) of seven critical engine control systems (LRUs) installed on LEAP engines powering Airbus A320neo and Boeing 737 MAX aircraft.

GAL also advanced its commitment to sustainable development and industry best practices. DIAL earned Level 5 Airport Customer Experience Accreditation from Airports Council International (ACI), the highest level in this framework. Furthermore, Mopa (Goa) achieved the prestigious ACI Airport Carbon Accreditation Level 3+ certification.

In airport land development, GAL has made significant progress:

• DIAL: Construction is underway on a self-development project named Aerocity One, including a commercial office building and a Build-to-suit Terminal Hotel.
• GHIAL: The company completed the handover of a build-to-suit industrial facility in SEZ to Firan Technology Group (FTG) and signed an agreement to lease another such facility with XDLinx Space Labs.

The focus on ecosystem development was also evident at Mopa, where GAL is establishing an on site packhouse on the cargo land parcel area to enable incremental perishable food export volumes.

GMRAIRPORT Stock Price Movement​

GMR AIRPORTS LIMITED shares slipped on Wednesday, settling at ₹104.55 after shedding 0.53% from the previous close. The stock traded during the session with a total volume of 18.62 million shares.