GMR Airports Limited (formerly GMR Airports Infrastructure Ltd.) reported strong financial performance for Q2 FY26, marking a sustained recovery across its airport portfolio. The company’s total income rose 45% year-on-year to ₹3,754 crore, while EBITDA surged 59% YoY to a record ₹1,531 crore. Notably, GMR reported its first positive profit before tax (PBT) in more than three years, reflecting improved operational efficiency and tariff revisions at Delhi Airport. During the quarter, GMR airports handled 27.8 million passengers, with Delhi Airport contributing 17.6 million and Hyderabad Airport 7.3 million. Both Delhi and Hyderabad reported record quarterly EBITDA levels, supported by growth in aero and non-aero revenues. Key developments included the launch of Delhi Cargo City, a 50.5-acre facility with a concession period up to 2036, and the takeover of Delhi and Hyderabad Duty-Free operations. The company also raised ₹5,900 crore through bonds and ₹1,000 crore via debentures to refinance high-cost debt. GMR’s Mopa (Goa) Airport secured a favorable TDSAT judgment, while Bhogapuram Airport (Visakhapatnam) achieved 87.5% physical completion, targeting readiness by December 2026. The company’s airports received multiple awards, including Delhi Airport’s recognition among the Top 10 Asia-Pacific hubs, and Hyderabad Airport being honored as India’s Fastest Growing Metro Airport.

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