GMR Airports swings to ₹400 cr Q4 profit, posts first full-year PAT in a decade
GMR Airports reported ₹400.49 cr Q4 PAT against a ₹252.66 cr loss, with FY26 PAT of ₹472 cr on ₹15,200 cr income. The operator handled 121.6 mn passengers and commands 27% of India's air traffic — a structural tailwind for Delhi and Hyderabad airport retail.
What happened
GMR Airports swung to ₹400 cr Q4 profit and ₹472 cr FY26 PAT — its first full-year profit in over a decade — handling 121.6 mn passengers, underpinning India's
Key facts
- Q4 PAT ₹400.49 cr vs loss ₹252.66 cr
- Q4 income ₹4,042.90 cr
- FY26 PAT ₹472 cr
- FY26 income ₹15,200.75 cr
- 121.6 mn passengers FY26
- 27% India traffic share
Why this matters
GMR's traffic dominance and improving cash profile make its airport retail concession renewals and JV slots the highest-leverage M&A or partnership target for brands seeking premium Indian travel retail distribution.