GMR Airports' Q2 FY 2025-26 Quarterly Results

Result Summary

• GMR Airports Ltd reported a 13.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 44.5%.
• Its expenses for the quarter were up by 6.3% QoQ and 17.7% YoY.
• The net profit decreased 125.6% QoQ and decreased 108.2% YoY.
• The earnings per share (EPS) of GMR Airports Ltd stood at 0.04 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

GMR Airports Ltd operates within the aviation sector, managing and developing airports. Its primary business involves the modernization and operation of airports, a critical infrastructure component in the aviation industry. The company is part of the larger GMR Group, which has diverse interests across infrastructure and energy sectors. Recent developments within the aviation industry, such as increased air travel demand post-pandemic, may impact its operations, although specific details about recent developments for GMR Airports Ltd are not available from the provided data.

Revenue

In Q2FY26, GMR Airports Ltd reported total income of ₹3754.38 crores, reflecting a substantial increase from both the preceding quarter, Q1FY26, where total income was ₹3320.70 crores, and the same quarter in the previous year, Q2FY25, which stood at ₹2598.09 crores. This represents a quarter-over-quarter (QoQ) growth of 13.1% and a year-over-year (YoY) growth of 44.5%. The significant YoY increase suggests a notable improvement in revenue generation for the company over the past year.

Profitability

The company achieved a profit before tax of ₹92.50 crores in Q2FY26, a marked improvement compared to a loss of ₹111.59 crores in Q1FY26 and a loss of ₹434.65 crores in Q2FY25. This turnaround in profitability is further reflected in the profit after tax, which stood at ₹35.06 crores in Q2FY26, compared to losses of ₹137.11 crores in Q1FY26 and ₹428.77 crores in Q2FY25. The earnings per share improved to ₹0.04 in Q2FY26, up from negative values in both the previous quarter and the same quarter last year. The YoY and QoQ changes in profitability metrics show significant improvement.

Operating Metrics

Total expenses for GMR Airports Ltd were ₹3696.88 crores in Q2FY26, up from ₹3478.31 crores in Q1FY26 and ₹3141.47 crores in Q2FY25. This represents a 6.3% QoQ increase and a 17.7% YoY increase in expenses. The tax expense was ₹68.08 crores in Q2FY26, slightly lower than ₹72.07 crores in Q1FY26 but higher than ₹42.75 crores in Q2FY25. The company's operating performance shows a trend of increasing expenses, although revenue growth outpaced expense growth over the same periods, contributing to improved profitability.