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Latest news about GMR Airports

GMR Airports Limited Announces Voluntary Redemption of Rs. 5,000 Crore Non-Convertible Bonds 4 hours ago Today

GMR Airports Limited (GAL) has announced the voluntary redemption of Non-Convertible Bonds (NCBs) worth Rs. 5,000 crores across three ISINs. The redemption will be completed by August 30, 2025, following consents from bondholders. The bonds include Rs. 1,950 crores (ISIN: INE776C08042), Rs. 800 crores (ISIN: INE776C08034), and Rs. 2,250 crores (ISIN: INE776C08026). GAL has already served notices to NCB holders and the Bond Trustee to initiate the redemption process.

GMR Airports' ₹1,500-crore Bond Tranche Faces Shortfall, Morgan Stanley Steps In 3 days ago

GMR Airports Secures Contract to Develop Cargo City at Delhi International Airport 4 days ago

GMR Airports Opens Special Window for Re-lodgement of Physical Share Transfer Deeds 7 days ago

GMR Airports Secures Rs 6,000 Crore Through NCDs for Debt Refinancing Aug 05, 2025

More news about GMR Airports

04Aug 25

GMR Airports Expands Non-Aviation Business with 60% Stake Acquisition in Greek Venture

GMR Airports' subsidiary, GMR Airports Greece Single Member S.A., has acquired a 60% stake in GMR Terna Commercial S.A. for €600,000. This new entity will develop non-aeronautical businesses at Crete Airport in Greece. The strategic move aims to expand GMR's international footprint and diversify its non-aviation operations, complementing its existing airport development and maintenance business at Crete airport.

03Aug 25

GMR Airports Subsidiary Acquires 60% Stake in Greek Company for INR 6 Crore

GMR Airports Limited's subsidiary, GMR Airports Greece Single Member S.A., has acquired a 60% stake in GMR Terna Commercial S.A. for approximately INR 6.00 crore. The new entity will manage non-aeronautical businesses at the New Heraklion International Airport in Crete, Greece. This acquisition aligns with GMR's existing operations in Crete and aims to strengthen its position in airport-related businesses. The transaction does not require regulatory approvals and is not a related party transaction.

31Jul 25

GMR Airports Set to Raise Over ₹60 Billion in Landmark Bond Issue

GMR Airports is set to raise over ₹60 billion ($685.13 million) through a two-part bond offering. The issue includes ₹18 billion in 18-month bonds targeting mutual funds and ₹42 billion in 3-year bonds aimed at foreign lenders. Both bonds carry a 10.50% annual coupon rate and are rated A+ by Crisil. The company expects to complete the fundraising within days, marking a significant financial milestone.

29Jul 25

GMR Airports Reports Strong Q1 Performance with 32% Revenue Growth

GMR Airports Limited (GAL) reported robust Q1 results with a 32% year-over-year increase in total income to INR 3,321.00 crore and a 26% rise in EBITDA to INR 1,280.00 crore. Passenger traffic across GAL's airports grew by 4% to 30.1 million. Key developments include revised tariff implementation at Delhi Airport, favorable legal outcome regarding Monthly Annual Fee payments, dividend declaration by Hyderabad Airport, expansion of non-aero businesses, and credit rating upgrade for Delhi Airport. Hyderabad Airport achieved record quarterly traffic, while Goa Airport captured 43% market share of Goa's system traffic.

29Jul 25

GMR Airports Reports Strong Q1 Performance with 26% EBITDA Growth

GMR Airports Limited (GAL) reported robust Q1 financial results, with total income up 32% to ₹3,321.00 crore and EBITDA increasing 26% to ₹1,280.00 crore. Passenger traffic rose 4% to 30.1 million. Key developments include revised tariff implementation at Delhi Airport, expansion of non-aero businesses, ongoing real estate projects, and credit rating upgrades. The company's performance was driven by strategic initiatives and diversification of revenue streams.

29Jul 25

GMR Airports Reports Q2 Results, Approves Bond Issuance and New Secretarial Auditor

GMR Airports Limited (GAL) reported mixed Q2 financial results with consolidated revenue of Rs. 3,205.23 crore but a loss after tax of Rs. 137.11 crore. The company's board approved issuing non-convertible bonds up to Rs. 6,000 crore for refinancing existing bonds. GAL also appointed M/s. V Sreedharan & Associates as Secretarial Auditor for FY 2025-26 to FY 2029-30, subject to shareholder approval. Additionally, GMR Airports commenced duty-free operations at Delhi Airport on July 28.

28Jul 25

GMR Airports Limited Launches Duty-Free Operations at Delhi International Airport

GMR Airports Limited (GAL) has begun duty-free operations at Indira Gandhi International Airport in New Delhi on July 28, 2025. This move follows their successful bid for the Delhi Duty Free Concession announced on August 21, 2024. The company will develop, operate, manage, and maintain duty-free operations at the airport, marking a strategic diversification from their core airport infrastructure management business. This expansion is expected to broaden GAL's revenue streams and enhance its presence in the airport value chain.

26Jul 25

GMR Airports Limited Secures Strong Credit Ratings for Rs 7,000 Crore Debt Facilities

GMR Airports Limited received robust credit ratings from Crisil Ratings Limited for its debt facilities totaling Rs 7,000 crore. The company's Non-Convertible Debentures worth Rs 6,000 crore were rated 'CRISIL A+/Stable', indicating high safety and low credit risk. Short-term bank facilities of Rs 1,000 crore received a 'CRISIL A1' rating, representing strong safety for timely payment. These ratings reflect GMR Airports' financial stability and may enhance investor confidence, potentially leading to favorable borrowing terms for future growth.

25Jul 25

GMR Airports Shareholders Overwhelmingly Approve Asset Sale by Delhi Duty Free Services

GMR Airports Limited shareholders have approved the sale of assets by Delhi Duty Free Services Private Limited, a material subsidiary, with 99.998% votes in favor. The special resolution, conducted through a postal ballot, saw 92.39% of the total paid-up equity share capital participating in the e-voting process. The voting concluded on July 23, 2025, with strong support across all shareholder categories. A conference call is scheduled for July 30, 2025, to discuss Q1 FY2026 results.

24Jul 25

GMR Airports Unveils Ambitious 6,000 Crore Bond Issuance Plan

GMR Airports Limited announces plans to issue non-convertible bonds up to ₹6,000 crore on a private placement basis. The funds will be used to refinance existing non-convertible bonds. A board meeting is scheduled for July 29, 2025, to approve the bond issuance and review Q2 financial results. The company has informed stock exchanges and closed the trading window for designated persons in compliance with SEBI regulations.

24Jul 25

GMR Airports Limited Schedules Board Meeting to Approve Q1 Results and INR 6000 Crore Bond Issuance

GMR Airports Limited has scheduled a Board of Directors meeting for July 29, 2025, to approve unaudited financial results for Q2 2025 and consider issuing INR denominated Non-Convertible Bonds worth up to INR 6000 crores through private placement. The bonds, to be issued in one or more tranches, aim to refinance existing Non-Convertible Bonds. The company has implemented a trading window closure for designated persons from June 30, 2025, until 48 hours after the financial results declaration.

16Jul 25

GMR Airports Sees 3.3% Passenger Growth in Q1, Faces Challenges in Domestic Traffic

GMR Airports handled 30.2 million passengers in Q1, a 3.3% increase year-over-year, despite challenges in domestic traffic. Delhi Airport saw a slight decline in total passengers (-1.2%), while Hyderabad Airport experienced strong growth (+17.1%). The new Mopa Airport in Goa also showed positive growth. Domestic traffic slowdown in May and June was attributed to political issues. Hyderabad Airport set new records for quarterly passenger traffic, while Delhi Airport faced temporary disruptions due to airspace changes and runway upgrades.

02Jul 25

Tribunal Rejects AERA's HRAB Calculation for GMR Airports, Orders Reassessment

A tribunal has rejected the Airports Economic Regulatory Authority's (AERA) method of calculating the Hypothetical Regulatory Asset Base (HRAB) for GMR Airports. The tribunal has ordered a reassessment of the HRAB calculation, which could significantly impact GMR Airports' financial regulations, tariff structure, and operations. This decision may have broader implications for airport regulation and valuation methodologies in India's aviation sector.

26Jun 25

GMR Airports' Subsidiary Acquires 70% Stake in ESR GMR Logistics Park

A subsidiary of GMR Airports has acquired a 70% stake in ESR GMR Logistics Park, marking the company's expansion into the logistics sector. This strategic move diversifies GMR Airports' portfolio beyond airport operations, potentially capitalizing on the growing demand for efficient logistics solutions driven by e-commerce and supply chain needs. The acquisition aims to create synergies with existing airport operations and open new growth avenues for GMR Airports.

20Jun 25

GMR Airports Ltd: Major Block Trade of 6.55 Million Shares on NSE

A significant block trade of approximately 6.55 million shares of GMR Airports Ltd occurred on the National Stock Exchange (NSE). The transaction was valued at Rs. 53.52 crores, with shares priced at Rs. 81.65 each. This large-scale trade in the airport infrastructure sector may indicate shifting investor sentiments or strategic moves by institutional investors.

13Jun 25

GMR Airports Ltd. Sees Significant Block Trade on NSE

A substantial block trade of GMR Airports shares occurred on the National Stock Exchange. The transaction involved 4,042,816 shares at Rs. 81.26 per share, totaling Rs. 32.85 Crores. This significant trade suggests continued investor interest in the company and may indicate potential shifts in ownership or investment positioning. GMR Airports, a subsidiary of GMR Infrastructure Limited, is a key player in Indian aviation infrastructure, operating major airports including Delhi and Hyderabad International Airports.

26May 25

GMR Airports Soars: Jefferies Boosts Price Target on Strong Q4 Performance

Jefferies maintains a 'Buy' rating on GMR Airports Infrastructure Limited and raises the price target to ₹100.00 following strong Q4 performance. The company's EBITDA grew 24% year-over-year to ₹1,010.00 crore. Analysts project over 45% EBITDA growth in FY26, driven by new tariffs at Delhi International Airport from April 2025 and expansion into duty-free operations at Delhi and Hyderabad airports from Q2 FY26.

23May 25

GMR Hyderabad International Airport to Acquire Full Ownership of EGLPPL

GMR Hyderabad International Airport is set to acquire the remaining 70% stake in Eastern Greenfield Private Limited (EGLPPL) for up to Rs 41.33 crore. This acquisition will make EGLPPL a wholly-owned subsidiary of GMR Hyderabad International Airport, strengthening GMR Airports' position in the airport infrastructure sector.

23May 25

GMR Airports Boosts Stake in Delhi International Airport to 74%

GMR Airports has signed a share purchase agreement with Fraport AG to acquire an additional 10% equity stake in Delhi International Airport Limited (DIAL), increasing its ownership from 64% to 74%. This strategic move strengthens GMR Airports' control over one of India's busiest airports, potentially allowing greater influence over operations and future development plans. Fraport AG, a German transport company, is divesting its 10% stake in DIAL. Financial details of the transaction were not disclosed.

23May 25

GMR Airports Reports Improved Q4 EBITDA and Margin Despite Widening Loss

GMR Airports' Q4 financial results show a mixed performance. Revenue increased by 17% to ₹28.63 billion, and EBITDA rose by 19.36% to ₹11.22 billion with an improved margin of 39.21%. However, the company's net loss more than doubled to ₹2.53 billion from ₹1.21 billion in the previous year, indicating ongoing challenges in the aviation sector.

12May 25

GMR Airports Ltd. Sees Significant Block Trade on NSE

GMR Airports Ltd. experienced a significant block trade on the NSE, involving 10,028,634 shares valued at Rs. 88.63 crores. The transaction was executed at Rs. 88.38 per share. While the parties involved remain undisclosed, this large-scale trade may indicate institutional investor activity or strategic moves by major shareholders.

04Apr 25

GMR Airports Secures ₹400 Crore Through Non-Convertible Bond Issue

GMR Airports Limited has successfully raised ₹400 crore by issuing 40,000 non-convertible bonds with a 5% coupon rate and a 36-month tenure. This follows a ₹1,100 crore fundraising in February, demonstrating the company's strong capital management. The bonds, with a face value of ₹1 lakh each, will be listed on BSE Limited. GMR Airports reported robust financial growth with a 19.16% YoY increase in net sales to ₹2,653.24 crore for Q4 2024.

30Mar 25

GMR Airports: Delhi Airport Set for 148% Tariff Hike from April 2024

AERA approves a 148% increase in aeronautical tariffs for Delhi's Indira Gandhi International Airport, operated by GMR Airports Limited. The new structure, effective April 16, 2024, will raise yield per passenger from Rs 145 to Rs 360 by 2029. The plan includes a variable User Development Fee and incentives for international long-haul flights. Implementation begins April 16, 2025, with projected annual aeronautical revenues reaching Rs 3,510 crore by 2028-29.

08Mar 25

GMR Airports Boosts Stake in Delhi Airport to 74% with $126 Million Acquisition

GMR Airports Limited has increased its shareholding in Delhi International Airport Limited (DIAL) from 64% to 74% by acquiring a 10% stake from Fraport AG for $126 million. The transaction, initiated on September 9, 2024, has been completed with all necessary approvals. Airports Authority of India retains its 26% stake in DIAL. This move strengthens GMR Airports' control over one of India's busiest aviation hubs and may lead to more streamlined operations and decision-making at Delhi airport.