GMR Airports Infrastructure Ltd Q1 FY26 Results

Summary

GMR Airports Limited reported a 32% Year-over-Year increase in Total Income to INR 3,321 Crs and a 26% YoY increase in EBITDA to INR 1,280 Crs for the quarter ended June 30, 2025. Delhi Airport and Hyderabad Airport reported record EBITDA, with Hyderabad Airport declaring a second dividend of INR 2.5/shr for FY25. Total Pax Traffic at GAL owned airports increased by 4% YoY to 30.1 mn in Q1FY26. The company is making steady progress on the creation of the ‘GAL Platform’ for airport adjacency businesses and has signed an agreement with Hilton Hotels & Resort for the development of hotels under Waldorf (150 rooms) & Hilton (350 rooms) brands at Delhi Airport.

Key Highlights

1. 1

   Total Income Surges by 32% YoY to INR 3,321 Crs

2. 2

   EBITDA Increases to INR 1,280 Crs

3. 3

   Delhi Airport — Reported highest EBITDA since Q1FY22

4. 4

   Hyderabad Airport — Reported record EBITDA

5. 5

   Hyderabad Airport declared second dividend of INR 2.5/shr for FY25

6. 6

   Total dividends for FY25 declared by Hyderabad Airport at INR 10/shr (INR 378 Crs)

7. 7

   Total Pax Traffic at GAL owned airports increased by 4% YoY to 30.1 mn in Q1FY26

8. 8

   Delhi Airport - Handled 19.1mn Pax in Q1FY26

9. 9

   Hyderabad Airport - Handled highest ever quarterly traffic of 8.1mn Pax in Q1FY26

10. 10

    Tariff Order for Delhi International Airport Ltd. (DIAL) for Control Period (CP) 4 issued by AERA

11. 11

    Hyderabad Airport declared second dividend for FY25

12. 12

    Delhi Cargo: GAL has been granted the concession to Operate, Maintain and Manage the existing Cargo Terminal

13. 13

    GAL Q1FY26 results reflect partial financials; full quarter benefit to accrue from Q2FY26

14. 14

    Delhi Duty Free: Process of takeover completed in Jul’25 and GAL started operating duty free business from 28 Jul’25

15. 15

    Hyderabad Duty Free: GAL to take over operations within Q2FY26

16. 16

    Hyderabad F&B: GMR Hospitality Limited (GHL) operationalized 25 self operated outlets till 30 Jun’25

17. 17

    Steadily advancing Airport Land Development activities

18. 18

    Concluded acquisition of 70% stake in ESR GMR Logistics Park Private Limited (“EGLPPL”)

19. 19

    Credit ratings of GAL and DIAL upgraded

20. 20

    Delhi Airport earned a spot among the top 10 hub airports in the Asia-Pacific and Middle East Region

21. 21

    Hyderabad Airport is the 4th fastest-growing airport globally

22. 22

    GHIAL awarded the prestigious Integrated Management System Certification

23. 23

    The expanded passenger terminal has been awarded the LEED Platinum certification