GMR Airports Reports March 2026 Traffic Data with Mixed Performance Across Portfolio
GMR Airports Limited reported March 2026 traffic data showing 10.41 million passengers, down 1.5% YoY, with Delhi Airport handling 7.00 million passengers and Hyderabad serving 2.29 million. Despite monthly challenges from geopolitical disruptions and infrastructure upgrades, the company achieved 121.63 million passengers for FY2026, up 0.9% from the previous year, with record performances at individual airports including highest-ever cargo volumes and aircraft movements.

*this image is generated using AI for illustrative purposes only.
GMR Airports Limited has released its monthly traffic data for March 2026, showcasing mixed performance across its airport portfolio amid ongoing operational challenges. The company reported handling 10.41 million passengers across its airports in March 2026, representing a 1.5% decline compared to the same period in the previous year.
March 2026 Performance Overview
The traffic data reveals varying performance levels across GMR's airport network during March 2026. Delhi Airport maintained its position as the largest contributor, handling 7.00 million passengers with a marginal 0.2% decline year-over-year. Hyderabad Airport experienced a more significant impact, serving 2.29 million passengers, down 12.0% compared to March 2025.
| Airport | March 2026 Passengers | YoY Change | Aircraft Movements | YoY Change |
|---|---|---|---|---|
| Delhi | 7,001,938 | -0.2% | 41,257 | 2.5% |
| Hyderabad | 2,288,515 | -12.0% | 15,737 | -14.5% |
| Mopa (Goa) | 470,313 | 9.5% | 3,169 | 9.1% |
| Medan (Indonesia) | 647,969 | 23.7% | 4,669 | 13.0% |
Full Year FY2026 Achievements
Despite monthly challenges, GMR Airports achieved significant milestones for the full fiscal year 2026. The company handled 121.63 million passengers across its portfolio, representing a 0.9% increase over FY2025. This performance occurred despite temporary disruptions from geopolitical events and infrastructure upgrades, including a three-month runway enhancement project at Delhi Airport.
Key FY2026 Highlights
The company reported several operational records during FY2026:
- Delhi Airport: Achieved highest-ever aircraft movements with 459,537 operations, up 1.0% year-over-year
- Hyderabad Airport: Recorded highest-ever passenger traffic of 30.49 million, up 3.4% from the previous year
- Mopa Airport: Delivered strong growth with 5.37 million passengers, representing a 15.2% increase
Operational Challenges and Resilience
The traffic data reflects the impact of several operational challenges during the reporting period. Geopolitical instability in the Middle East since February 28, 2026, affected international traffic patterns across the network. Additionally, Delhi Airport underwent a three-month runway upgrade project, with the enhanced runway reopening on September 16, 2025.
| Performance Metric | Q4 FY2026 | YoY Change | FY2026 Total | YoY Change |
|---|---|---|---|---|
| Total Passengers (Excl. Cebu) | 31,800,127 | 0.9% | 121,629,825 | 0.9% |
| Total Aircraft Movements | 192,388 | 1.9% | 756,948 | 2.3% |
| Domestic Traffic | 24.1 million | 1.6% | 92 million | 0.6% |
| International Traffic | 7.7 million | -1.3% | 30 million | 1.7% |
Airport-Specific Performance
Delhi Airport Operations
Delhi Airport demonstrated resilience with consistent monthly traffic of approximately 7.0 million passengers since November 2025. The airport achieved cargo handling milestones, processing 1.15 million metric tonnes during FY2026, marking a 3.5% increase year-over-year. This represents the third time Delhi Airport has crossed the 1 million metric tonnes threshold.
Hyderabad Airport Growth
Hyderabad Airport maintained strong fundamentals despite short-term challenges, sustaining traffic above 2.2 million passengers monthly since March 2024. The airport achieved record cargo volumes of 187,000 metric tonnes in FY2026, representing an 8.0% increase from the previous year.
Mopa Airport Expansion
Mopa (Goa) Airport continued its growth trajectory, cumulatively handling 15.18 million passengers since commencing domestic operations in January 2023. The airport achieved highest-ever annual performance with 37,510 aircraft movements in FY2026, up 17.5% year-over-year.
The traffic data underscores GMR Airports' operational resilience amid challenging market conditions while positioning for continued growth across its diversified airport portfolio.
Historical Stock Returns for GMR Airports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.49% | +0.97% | +8.39% | +7.31% | +12.46% | +303.13% |
How will the ongoing Middle East geopolitical instability continue to impact GMR's international traffic recovery in the coming quarters?
What infrastructure expansion plans does GMR have for Mopa Airport given its strong 15.2% growth trajectory?
Will GMR consider strategic partnerships or acquisitions to diversify its airport portfolio beyond the current four locations?
























