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GMR Airports Ltd

Q2 FY27Transport Infrastructure

GMR Airports Q2 Results 2026 (FY27) investor presentation: Revenue & Margins

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Price₹90
Market cap₹95.6K Cr
P/E170.2
Updated28 Oct 2026
Read3 min read

GMR Airports Ltd Q2 FY27 key numbers

Revenue
Q2FY27 Revenue from Operations: INR 41.0 billion, up 11.6% YoY.

As stated in GMR Airports Ltd's Q2 FY27 investor presentation · published 28 Oct 2026. Reported figures, not investment advice.

Based on GMR Airports Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Q2FY27 Revenue from Operations: INR 41.0 billion, up 11.6% YoY (Page 54) - Consolidated Gross Income Q2FY27: INR 41.9 billion, up 12% YoY (Page 20) - Passenger Traffic Q2FY27: 28.0 million, up 0.6% Yo Q2FY27 EBITDA (Consolidated): INR 15.7bn, ▲2% YoY; EBITDA margin: 49%, down 4% YoY - Q2FY27 Profit After Tax (PAT, Consolidated): INR 654mn, down from INR 1,480mn in Q1FY27 and INR 351mn in Q2FY26; reported positive PAT for 5 consecutive quarters - Operating margin (EBITDA margin) for Q2FY27: 49% reported; H1FY27 margin at 50%, down 2% YoY

From GMR Airports Ltd's Q2 FY27 earnings-call transcript · updated 28 Oct 2026.

Revenue & Sales Performance

  • Q2FY27 Revenue from Operations: INR 41.0 billion, up 11.6% YoY (Page 54)
  • Consolidated Gross Income Q2FY27: INR 41.9 billion, up 12% YoY (Page 20)
  • Passenger Traffic Q2FY27: 28.0 million, up 0.6% YoY; domestic 65%, international 35% (Pages 18, 42)
  • Aero Yield Per Passenger Q2FY27: INR 497, up 6% YoY (Page 18)
  • Non-Aero Income Per Passenger Q2FY27: INR 772, up 12% QoQ (Page 18)
  • Airport-specific Q2FY27 Aero Revenues YoY: Delhi +5%, Hyderabad -11%, Mopa (Goa) -11.1% (Pages 37, 42, 54-58)

2 more points from GMR Airports Ltd's call on revenue

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Profitability & Margins

  • Q2FY27 EBITDA (Consolidated): INR 15.7bn, ▲2% YoY; EBITDA margin: 49%, down 4% YoY
  • Q2FY27 Profit After Tax (PAT, Consolidated): INR 654mn, down from INR 1,480mn in Q1FY27 and INR 351mn in Q2FY26; reported positive PAT for 5 consecutive quarters
  • Operating margin (EBITDA margin) for Q2FY27: 49% reported; H1FY27 margin at 50%, down 2% YoY

Capital Expenditure Plans

  • Crete Airport (Greece) Modernization
  • Overall progress: 78% as of 30 Sep’26
  • Fully funded via State Grant and Airport Modernisation & Development Tax (debt-free)
  • Works ongoing: passenger terminal cladding, IT/MSI cabling, baggage handling system, control tower façade, runway lighting, apron pavement, building finishes
  • Delhi Airport (DIAL)
  • Build-to-suit Terminal Hotel (T3): ~0.6 million sq. ft. under construction
  • Self-development Commercial Building: ~1 million sq. ft. under construction
  • Hyderabad Airport (GHIAL)
  • Major self-development retail project “GMR Interchange”
  • Built-up area: ~0.77 million sq. ft., leasable area: ~0.58 million sq. ft.
  • Nagpur Airport
  • Upgrading terminal & amenities to enhance passenger convenience
  • Bhogapuram Airport

2 more points from GMR Airports Ltd's call on capex

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Top-ranked in Transport Infrastructure

Ranked on what management guided this quarter

Guidance-ranked
1Guj Pipavav Port
Rev 2Mar 3
2Dreamfolks Servi
Rev 3Mar 1
3
Rev 3Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

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GMR Airports Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹3.9K Cr, net profit ₹400 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What GMR Airports Ltd's management said in earlier quarters

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Frequently Asked Questions

What were GMR Airports Ltd Q2 FY27 results?

Q2FY27 Revenue from Operations: INR 41.0 billion, up 11.6% YoY (Page 54) - Consolidated Gross Income Q2FY27: INR 41.9 billion, up 12% YoY (Page 20) - Passenger Traffic Q2FY27: 28.0 million, up 0.6% Yo Q2FY27 EBITDA (Consolidated): INR 15.7bn, ▲2% YoY; EBITDA margin: 49%, down 4% YoY - Q2FY27 Profit After Tax (PAT, Consolidated): INR 654mn, down from INR 1,480mn in Q1FY27 and INR 351mn in Q2FY26; reported positive PAT for 5 consecutive quarters - Operating margin (EBITDA margin) for Q2FY27: 49% reported; H1FY27 margin at 50%, down 2% YoY

What is GMR Airports Ltd share price analysis?

GMR Airports Ltd currently shows a neutral. The stock trades at a P/E of 170.2 with a market cap of ₹95,640 Cr. Investors should review the full earnings analysis for detailed insights.

Is GMR Airports Ltd planning capital expenditure?

Crete Airport (Greece) Modernization - Overall progress: 78% as of 30 Sep’26 - Fully funded via State Grant and Airport Modernisation & Development Tax (debt-free) - Works ongoing: passenger terminal cladding, IT/MSI cabling, baggage handling system, control tower façade, runway lighting, apron pavement, building finishes - Delhi Airport (DIAL) - Build-to-suit Terminal Hotel (T3): ~0.6 million sq.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.