Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of GMR Airports Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,890 | 2,018 | 2,064 | 2,227 | 2,447 | 2,402 | 2,495 | 2,653 | 2,863 | 3,205 | 3,670 | 3,994 | 3,938 |
| Expenses + | 1,635 | 1,265 | 1,337 | 1,558 | 1,630 | 1,506 | 1,636 | 1,662 | 1,854 | 2,041 | 2,223 | 2,293 | 2,493 |
| Operating Profit | 254 | 753 | 726 | 669 | 817 | 896 | 859 | 992 | 1,009 | 1,165 | 1,447 | 1,701 | 1,445 |
| OPM % | 13% | 37% | 35% | 30% | 33% | 37% | 34% | 37% | 35% | 36% | 39% | 43% | 37% |
| Other Income + | 118 | 251 | 184 | 116 | 263 | 160 | 260 | 562 | 241 | 208 | 130 | -73 | 260 |
| Interest | 672 | 594 | 673 | 857 | 823 | 889 | 1,031 | 829 | 955 | 949 | 1,043 | 917 | 950 |
| Depreciation | 301 | 296 | 373 | 393 | 405 | 466 | 474 | 479 | 491 | 489 | 431 | 465 | 452 |
| Profit before tax | -601 | 114 | -135 | -465 | -148 | -300 | -386 | 246 | -196 | -65 | 103 | 246 | 302 |
| Tax % | 6% | 85% | 40% | 5% | 13% | 13% | 11% | 18% | 29% | 111% | 66% | 29% | -32% |
| Net Profit + | -637 | 17 | -190 | -486 | -168 | -338 | -429 | 202 | -253 | -137 | 35 | 174 | 400 |
| EPS in Rs | -0.73 | 0.03 | -0.15 | -0.53 | -0.20 | -0.23 | -0.27 | 0.25 | -0.23 | -0.20 | -0.04 | 0.12 | 0.29 |
Financials of GMR Airports Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 11,088 | 8,261 | 9,557 | 8,556 | 7,411 | 8,395 | 3,566 | 4,601 | 6,674 | 8,755 | 10,414 | 14,807 |
| Expenses + | 8,533 | 7,804 | 6,394 | 6,999 | 5,958 | 6,217 | 2,661 | 2,316 | 4,947 | 5,783 | 6,639 | 9,050 |
| Operating Profit | 2,555 | 457 | 3,163 | 1,558 | 1,453 | 2,178 | 905 | 2,285 | 1,727 | 2,972 | 3,775 | 5,757 |
| OPM % | 23% | 6% | 33% | 18% | 20% | 26% | 25% | 50% | 26% | 34% | 36% | 39% |
| Other Income + | 23 | 369 | 381 | 718 | -1,228 | 144 | -1,930 | -521 | 923 | 788 | 1,205 | 524 |
| Interest | 3,572 | 2,196 | 2,128 | 2,316 | 2,684 | 3,545 | 1,803 | 2,019 | 2,338 | 2,929 | 3,705 | 3,859 |
| Depreciation | 1,813 | 1,197 | 1,019 | 1,028 | 984 | 1,064 | 886 | 889 | 1,038 | 1,466 | 1,910 | 1,837 |
| Profit before tax | -2,806 | -2,568 | 397 | -1,069 | -3,444 | -2,287 | -3,714 | -1,144 | -727 | -635 | -635 | 586 |
| Tax % | 5% | 7% | 187% | 4% | -3% | -4% | -8% | -1% | 16% | 30% | 29% | 19% |
| Net Profit + | -2,972 | -2,749 | -347 | -1,115 | -3,356 | -2,202 | -3,428 | -1,131 | -840 | -828 | -817 | 472 |
| EPS in Rs | -5.16 | -4.49 | -0.94 | -2.26 | -5.93 | -4.02 | -4.63 | -1.70 | -0.30 | -0.93 | -0.37 | 0.17 |
| Dividend Payout % | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of GMR Airports Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 436 | 604 | 604 | 604 | 604 | 604 | 604 | 604 | 604 | 604 | 1,056 | 1,056 |
| Reserves | 5,337 | 4,387 | 4,739 | 2,842 | -1,057 | -3,062 | -2,322 | -1,421 | -1,396 | -2,768 | -3,559 | -3,536 |
| Borrowings + | 49,929 | 39,444 | 21,484 | 23,441 | 27,580 | 34,442 | 36,864 | 26,633 | 32,157 | 35,905 | 38,218 | 43,283 |
| Other Liabilities + | 11,091 | 14,708 | 10,026 | 11,012 | 12,949 | 14,319 | 14,697 | 11,272 | 12,557 | 14,748 | 12,845 | 13,962 |
| Total Liabilities | 66,794 | 59,143 | 36,852 | 37,898 | 40,075 | 46,302 | 49,843 | 37,087 | 43,921 | 48,489 | 48,559 | 54,764 |
| Fixed Assets + | 34,183 | 34,513 | 15,773 | 15,643 | 16,080 | 16,178 | 12,772 | 10,325 | 15,157 | 28,737 | 28,218 | 29,016 |
| CWIP | 17,247 | 2,155 | 239 | 589 | 858 | 3,811 | 6,622 | 10,176 | 11,175 | 1,674 | 3,808 | 5,433 |
| Investments | 1,413 | 6,545 | 12,422 | 12,871 | 10,115 | 10,119 | 9,674 | 3,798 | 4,478 | 4,425 | 4,288 | 5,959 |
| Other Assets + | 13,951 | 15,930 | 8,417 | 8,795 | 13,022 | 16,194 | 20,775 | 12,788 | 13,111 | 13,653 | 12,246 | 14,357 |
| Total Assets | 66,794 | 59,143 | 36,852 | 37,898 | 40,075 | 46,302 | 49,843 | 37,087 | 43,921 | 48,489 | 48,559 | 54,764 |
Financials of GMR Airports Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2,915 | 3,498 | 4,504 | 2,347 | 2,052 | 1,376 | 3 | 3,256 | 2,199 | 3,880 | 3,443 | |
| Cash from Investing Activity + | -3,159 | -1,660 | 1,485 | -962 | -3,605 | -987 | 2,434 | -2,043 | -2,310 | -5,792 | -3,673 | |
| Cash from Financing Activity + | 448 | -2,018 | -5,727 | -1,191 | 816 | 1,617 | -1,056 | -3,894 | 1,731 | 467 | -1,010 | |
| Net Cash Flow | 204 | -180 | 263 | 194 | -737 | 2,005 | 1,382 | -2,681 | 1,620 | -1,445 | -1,241 | |
| Free Cash Flow | -885 | 1,062 | 3,887 | 1,673 | -782 | -1,510 | -1,514 | 194 | -1,685 | -641 | -581 | |
| CFO/OP | 122% | 814% | 150% | 161% | 160% | 71% | -4% | 146% | 125% | 135% | 94% |
Financials of GMR Airports Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 68 | 66 | 75 | 71 | 62 | 117 | 30 | 20 | 20 | 19 | 15 |
| Inventory Days | 104 | 82 | 33 | 20 | 37 | 56 | 201 | |||||
| Days Payable | 694 | 466 | 366 | 372 | 639 | 605 | 494 | |||||
| Cash Conversion Cycle | -536 | -316 | -266 | -277 | -531 | -488 | 117 | 30 | 20 | 20 | 19 | -278 |
| Working Capital Days | -414 | -373 | -152 | -203 | -373 | -497 | -907 | -364 | -370 | -215 | -232 | -96 |
| ROCE % | 2% | -1% | 7% | 4% | 5% | 6% | 1% | 5% | 4% | 6% | 7% | 12% |