GMR Airports Q2 results: net profit rises to Rs 65 crore from Rs 35 crore

GMR Airports Limited reported a consolidated profit after tax of Rs 65 crore for the quarter ended 30 September 2026 (Q2 FY27), up from Rs 35 crore a year earlier, according to its press release on unaudited results filed with the National Stock Exchange. Total income rose to Rs 4,188 crore.

What Happened

The company's filing with the National Stock Exchange gives these consolidated figures for Q2 FY27, with changes worked out from the filing's own table, which is in rounded rupees crore:

• Total income: Rs 4,188 crore, up 11.6% from Rs 3,754 crore in the September 2025 quarter (YoY) and up 2.5% from Rs 4,085 crore in the June 2026 quarter (QoQ).
• Profit after tax: Rs 65 crore, up 85.7% from Rs 35 crore a year earlier (YoY) and down 56.1% from Rs 148 crore in the previous quarter (QoQ). The filing does not give a separate profit attributable to owners of the company.
• EBITDA: Rs 1,569 crore, against Rs 1,531 crore a year earlier and Rs 1,568 crore in the previous quarter.

The table also shows interest and finance charges of Rs 993 crore (Rs 1,043 crore a year earlier), depreciation of Rs 493 crore (Rs 431 crore), and a share of profit from joint ventures and associates of Rs 55 crore (Rs 11 crore). It shows no exceptional item this quarter, against Rs 35 crore a year earlier.

For the half year ended 30 September 2026, total income was Rs 8,273 crore, up 16.9% from Rs 7,075 crore. Profit after tax was Rs 213 crore, against a loss of Rs 102 crore in the same half last year.

The company said airports it owns handled 28 million passengers in the quarter, up 1% year on year. Delhi handled 18.1 million passengers, Hyderabad 6.5 million and Mopa (Goa) 0.9 million. The release says Hyderabad traffic fell 11.2% year on year.

The company said the rise in interest and depreciation for the half year is mainly attributable to the start of operations at the Vizag (Bhogapuram) airport.

What It Means

For shareholders, the filing shows the company's own consolidated figures: higher total income and profit than a year earlier, and lower profit than the previous quarter. The company described this as the fifth consecutive quarter of positive profit after tax.

These figures come from a press release on unaudited results, not an audited statement. Oquilia does not compare them with estimates or forecast the results ahead.

Source: Company filing on NSE