GMR AIRPORTS Limited Results Analysis-Q1FY27

Financial performance and key Operating Metrics (Consolidated) : Operating Revenue for Q1FY27 is Rs. 3,964 Crs., 23.67% growth YoY, Total Income is Rs. 4,085 Crs., 23% growth YoY, Gross Profit is Rs. 2,671 Crs., 16.59% growth YoY, EBITDA is Rs. 1,568 Crs., 22.46% growth YoY, EBITDA Margin is 38.38% declined by 17 basis points YoY, PBT Rs. 223 Crs. turned from Loss of Rs. 65 Crs. YoY, PAT Rs. 148 Crs. turned from Loss of Rs. 137 Crs. YoY. On QoQ basis Operating Revenue is flat to positive by 0.66%, Total Income is also up by 1.03%, but Gross Profit is down by 1.38%, EBITDA is up by 1.18%, But PBT is down by 26.18% and PAT is also down by 63.06%. In Q1FY27, GAL owned airports handled 30.5mn passengers, up 1.0% YoY • Domestic pax traffic up 2.0% YoY and International pax traffic down 2.2% YoY Handled highest ever cargo volumes of 49.8 kT1 in Q1FY27 at GHIAL Captured ~44% market share (of Goa system traffic) in Q1FY27 Adding New Airports to Operational Portfolio : ▪ Nagpur: Takeover of operations completed on 25 Jun’261. Initial focus on modernizing and upgrading existing infrastructure with aim to improve passenger convenience and safety ▪ Bhogapuram: Inaugurated on 1 Aug’26 by Hon. Prime Minister of India. Commercial operations to commence shortly. ▪ GMR Aero Technic (subsidiary of Hyderabad Airport) signed license agreement with Honeywell Aerospace for maintenance, repair and overhaul of 7 Honeywell aerospace LRUs installed on LEAP engines powering Airbus A320neo & Boeing 737 MAX. ▪ Scope includes full disassembly, inspection, repair, reassembly, and functional testing of critical engine control systems.