GMR Airports delivered a record-breaking performance in May 2026, setting new highs in cargo handling and domestic passenger traffic even as overall portfolio growth remained measured. The operator handled approximately 11 million passengers across its airports, recording a 6.1% year-on-year increase, while year-to-date traffic for FY2027 crossed the 20.4 million mark in the first two months — the highest-ever YTD figure for the company. Delhi Airport emerged as the primary growth engine, while Hyderabad and Medan faced headwinds from geopolitical and operational challenges.

The aggregate passenger traffic for the month, excluding Cebu, stood at 10,630,949. Domestic traffic reached 8.3 million, an increase of 7.9%, whereas international traffic grew marginally by 0.4% to 2.4 million. Aircraft movements totalled 66,434, a rise of 2.3% compared to the same period last year. The company attributed muted international growth to ongoing geopolitical instability in the Middle East since February 28, 2026, and supply-side constraints in Indonesia affecting the Medan airport.

Operational Performance by Airport

Delhi Airport continued to demonstrate resilience, serving 7,166,161 passengers in May 2026, a 14.7% increase. The hub achieved its highest-ever domestic traffic of 5.4 million and recorded a total of 42,477 aircraft movements. Cargo operations also hit a record, handling approximately 1.1 lakh metric tonnes, up 14% year-on-year. In contrast, Hyderabad Airport reported a decline, handling 2,549,853 passengers, down 8.6%, with both domestic and international traffic contracting by 8.7% and 8.4% respectively.

Mopa (Goa) Airport handled 425,859 passengers, a decrease of 3.5%, while Medan (Indonesia) saw an 8.9% drop to 489,076 passengers. Cebu (Philippines), which is being divested but operated as a technical services provider until December 2026, recorded 1,020,665 passengers, a modest 1.9% growth.

Traffic Data Summary

The table below presents a detailed breakdown of passenger traffic and aircraft movements across all portfolio airports for May 2026 and the year-to-date FY2027 period:

Strategic Developments

GMR Airports highlighted several operational milestones, including the highest-ever cargo volumes at Delhi and record domestic passenger numbers at Mopa in the year-to-date period. The company noted that its 5-year compound annual growth rate (CAGR) for total passengers stands at approximately 8.8%, driven by international traffic expansion. Additionally, the Bhogapuram Airport project in Visakhapatnam achieved 99.4% overall progress as of May 31, 2026, with a planned completion by June 30, 2026.

GMR Airports witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 1,691,184 shares changing hands in a single transaction. The trade was executed at a price of ₹106.19 per share, aggregating to a total deal value of ₹17.96 crores.

Block Trade Details

The following table summarizes the key parameters of the latest block trade recorded on the NSE:

Block trades are large-volume transactions typically executed between institutional participants outside the regular order book, often reflecting significant portfolio activity. The transaction in GMR Airports shares, valued at ₹17.96 crores, represents a substantial single-window deal on the exchange.