GMR Airports Clocks Record Q1 FY27 Traffic of 30.22 Mn Passengers
GMR Airports reported 9.76 million passengers in June 2026, a marginal 0.3% YoY decline, while Q1 FY2027 set a record with 30.22 million passengers. Delhi Airport led growth with a 6.8% YoY rise, while Hyderabad and Mopa saw declines. The company also took over Nagpur airport and progressed on the Bhogapuram greenfield project.
*this image is generated using AI for illustrative purposes only.
GMR Airports Limited reported a marginal decline of 0.3% in total passenger traffic for June 2026, handling 9.76 million passengers across its airports. Despite this, the operator achieved its highest-ever quarterly traffic in Q1 FY2027, serving 30.22 million passengers, driven by record domestic performance at Delhi Airport. The company has maintained sustained monthly traffic levels of approximately 10 million passengers since October 2025, even amid global geopolitical and macroeconomic headwinds impacting international operations.
Traffic Performance Overview
The traffic data for June 2026 reveals a mixed performance across the company's portfolio. Delhi Airport recorded a 6.8% year-on-year increase to 6.58 million passengers, supported by an 8.6% rise in domestic traffic. In contrast, Hyderabad Airport saw a 12.9% decline to 2.29 million passengers, and Mopa (Goa) reported a 17.6% drop to 0.34 million passengers. International airports in Medan and Cebu also experienced declines of 6.2% and 7.2% respectively.
| Airport | June 2026 Traffic | YoY Change | Q1 FY2027 Traffic | YoY Change |
|---|---|---|---|---|
| Delhi | 6,579,442 | +6.8% | 20,397,793 | +6.9% |
| Hyderabad | 2,287,933 | -12.9% | 7,087,907 | -12.1% |
| Mopa (Goa) | 342,900 | -17.6% | 1,161,411 | -5.6% |
| Medan (Indonesia) | 551,751 | -6.2% | 1,577,027 | -11.1% |
| Cebu (Philippines) | 859,596 | -7.2% | 2,920,973 | +1.1% |
| Total (Excl. Cebu) | 9,762,026 | -0.3% | 30,224,138 | +0.2% |
Operational Highlights
Delhi Airport achieved significant milestones in Q1 FY2027, recording its highest-ever quarterly passenger traffic of 20.4 million and handling its highest-ever cargo volumes of approximately 3.1 lakh metric tonnes, up 12.3% year-on-year. The airport also handled record aircraft movements, with domestic air traffic movements (ATMs) reaching approximately 95,000, an 8.4% increase. Hyderabad Airport reported its highest international passenger and ATM figures since February 2026, with international traffic reaching 0.43 million in June 2026.
Strategic Developments
GMR Airports expanded its operational portfolio with the takeover of Dr. Babasaheb Ambedkar International Airport in Nagpur on June 25, 2026. Construction at the upcoming Bhogapuram International Airport in Visakhapatnam reached 99.73% overall progress as of June 30, 2026. Additionally, the Airports Economic Regulatory Authority of India (AERA) released a consultation paper on June 19, 2026, regarding the determination of aeronautical tariffs for Hyderabad Airport for the fourth control period from April 1, 2026, to March 31, 2031.
Historical Stock Returns for GMR Airports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.38% | -0.48% | -6.05% | +9.40% | +14.85% | +270.10% |
How will the upcoming AERA tariff determination for Hyderabad Airport impact its profitability and competitive pricing strategy for the next five years?
What operational synergies and traffic contributions does GMR expect following the recent takeover of Nagpur Airport?
Can the record domestic growth at Delhi Airport be sustained to offset the persistent declines in international traffic across the portfolio?
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