GMR Airports swings to ₹400 cr Q4 profit, first FY profit in a decade on 121.6 mn pax
GMR Airports posted ₹400.49 cr Q4 PAT vs ₹252.66 cr loss, with Q4 income at ₹4,042.90 cr. FY26 PAT of ₹472 cr is its first full-year profit in over a decade, powered by 121.6 mn passengers and 27% share of India's air traffic — Delhi alone handled 78.7 mn. Material tailwind for airport-retail concession partners.
What happened
GMR Airports swung to ₹400 cr Q4 profit and ₹472 cr FY26 PAT, its first full-year profit in over a decade, on 121.6 mn passengers and 27% share of India traffic
Key facts
- Q4 PAT ₹400.49 cr vs loss ₹252.66 cr
- Q4 income ₹4,042.90 cr vs ₹2,976.76 cr
- FY26 PAT ₹472 cr (first profit in over a decade)
- FY26 income ₹15,200.75 cr
- 121.6 mn passengers FY26
- Delhi 78.7 mn pax FY26
- 27% share of India pax traffic
Why this matters
With Delhi alone clearing 78.7 mn pax, locking or expanding airport-retail concession footprints under GMR now is a defensible distribution moat before competitors price in the FY26 inflection.