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Latest news about GMR Airports

GMR Airports Records ₹81.47 Crore Block Trade on NSE at ₹111.42 Per Share 2 days ago

GMR Airports recorded a block trade on the NSE valued at ₹81.47 crores, involving approximately 7,311,572 shares at a price of ₹111.42 per share. Such block trades are large, privately negotiated transactions executed outside the open market, typically by institutional investors, to minimize price impact.

GMR Airports Q1 Passenger Traffic Weakens; International Numbers Down 9% YoY, Hyderabad Airport Records 12% Decline in April-May 2026 3 days ago

Jefferies Initiates Buy on GMR Airports at ₹125 Target on Nagpur Airport Takeover 6 days ago

GMR Airports Records ₹108.07 Crore Block Trade on NSE at ₹107.12 Per Share Jun 24, 2026

Macquarie, Jefferies, Kotak Maintain Bullish Stance on GMR Airports Infrastructure Jun 16, 2026

More news about GMR Airports

16Jun 26

GMR Airports Sets Record Cargo and Domestic Traffic Milestones in May 2026

GMR Airports posted record domestic passenger traffic and cargo volumes in May 2026, with Delhi Airport serving 7,166,161 passengers (+14.7%) and handling ~1.1 lakh MT of cargo (+14% YoY). Total portfolio traffic (excl. Cebu) rose 6.1% to 10,630,949, while FY27 YTD volumes reached an all-time high of 20,462,112. The Bhogapuram Airport project in Visakhapatnam reached 99.4% completion as of May 31, 2026.

15Jun 26

GMR Airports Records ₹17.96 Crore Block Trade on NSE at ₹106.19 Per Share

GMR Airports recorded a block trade on the NSE involving approximately 1,691,184 shares at ₹106.19 per share, with a total deal value of ₹17.96 crores. Such block trades are typically executed between institutional participants outside the regular order book, reflecting significant portfolio activity.

08Jun 26

Jefferies Maintains Buy on GMR Airports with Target Price of ₹125 on Delhi Traffic Recovery

Jefferies has maintained a Buy rating on GMR Airports with a target price of ₹125, supported by a sharp recovery in Delhi Airport traffic growth to 14% YoY in May-26. Both domestic and international traffic segments showed strength, while transfer traffic rose to 27% of total volumes, highlighting Delhi's growing role as a connecting hub. The brokerage also cited Delhi Airport's strengthening position as a key North India transit hub as a structural positive underpinning the recommendation.

06Jun 26

GMR Airports promoter declares no encumbrance on shares in FY26

Promoter Aeroports de Paris S.A. declared no new encumbrance on GMR Airports Limited shares in FY26, excluding prior disclosures. The filing, dated April 07, 2026, complies with SEBI regulations and covers the promoter and GMR Infra Services Private Limited.

04Jun 26

GMR Airports to meet investors at Jefferies conference in New York

GMR Airports announced it will participate in the 2026 Jefferies India Access Days in New York on June 8-9, 2026, to meet with institutional investors. The company will conduct one-on-one and group meetings, subject to change due to exigencies.

04Jun 26

GMR Airports to meet investors at Kotak conference in London

GMR Airports is scheduled to meet institutional investors at the Kotak India Corporate Day conference in London on June 15-16, 2026. The meetings will include one-on-one and group interactions, subject to potential changes due to exigencies.

03Jun 26

GQG Emerging Markets Equity Fund Sells 19.5 Crore GMR Airports Shares at ₹97.75 in Block Deal

GQG Emerging Markets Equity Fund executed a significant block deal on the NSE, selling 19.5 crore shares of GMR Airports at ₹97.75 per share during the pre-open session. The total transaction value amounted to ₹1906.13 crore, marking a notable institutional divestment in the stock.

03Jun 26

GMR Airports releases Q4 FY26 results transcript

GMR Airports Limited has released the transcript of its conference call held on May 28, 2026, discussing the audited financial results for the quarter and year ended March 31, 2026. The transcript, covering standalone and consolidated performance, is available on the company's investor relations website in compliance with SEBI regulations.

02Jun 26

GMR Airports posts first profit in a decade; FY26 PAT ₹472 crore

GMR Airports returned to profitability in FY26 with a PAT of ₹472 crore, driven by a 40% increase in total income to ₹15,201 crore and a 47% surge in EBITDA to ₹6,150 crore. The company handled a record 121.6 million passengers, with significant contributions from Delhi and Hyderabad airports. Analysts from Citigroup and Jefferies provided mixed reviews, noting beats in annual earnings but misses in quarterly revenue and EBITDA estimates.

28May 26

GMR Airports appoints M/s. Narasimha Murthy & Co. as cost auditor for FY27

GMR Airports Limited appointed M/s. Narasimha Murthy & Co. as Cost Auditor for FY 2026-27 on May 27, 2026. The firm, with over 42 years of experience, will audit the company's cost records. The appointment requires shareholder ratification for remuneration at the next General Meeting.

23May 26

GMR Airports to meet investors at BofA Conference

GMR Airports Limited announced it will meet institutional investors at the BofA India Conference 2026 in Mumbai on June 01-02, 2026, under Regulation 30 of SEBI regulations.

23May 26

GMR Airports meets investors at Citi Conference

GMR Airports Limited announced it will participate in the Citi India Conference 2026 on June 04, 2026, in Mumbai. The company will hold one-on-one and group meetings with institutional investors. The investor presentation is available on its official website.

20May 26

GMR Airports Records ₹51.11 Crore Block Trade on NSE at ₹94.49 Per Share

GMR Airports recorded a block trade on the NSE involving approximately 54,09,500 shares at ₹94.49 per share, aggregating to a total transaction value of ₹51.11 crores. Block trades of this magnitude are typically associated with institutional investor activity and are considered key market events. The transaction was executed on the National Stock Exchange.

19May 26

GMR Airports handles record 121.6 mn passengers in FY26

GMR Airports Limited reported a monthly traffic of 9.8 million passengers for April 2026, a 5% decline year-on-year, attributed to geopolitical instability and airspace disruptions. However, the company achieved a record annual traffic of 121.6 million passengers for FY26, driven by growth in both domestic and international segments. Delhi and Hyderabad airports set new records for cargo volumes, while the Bhogapuram airport project neared completion.

15Apr 26

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.

08Apr 26

GMR Airports Limited to Participate in HSBC Global Investment Summit 2026

GMR Airports Limited will participate in the HSBC Global Investment Summit 2026 on April 14-15, 2026, in Hong Kong, conducting meetings with institutional investors. The announcement was made under SEBI Regulation 30 compliance requirements, with the company noting potential schedule changes and availability of investor presentations on its website.

08Apr 26

GMR Airports Limited Submits SEBI Compliance Certificate for Q4 FY26

GMR Airports Limited filed its quarterly SEBI compliance certificate for Q4 FY26 on April 07, 2026, confirming adherence to dematerialization regulations. The certificate from registrar KFin Technologies Limited covers the period from January 1 to March 31, 2026, and verifies proper handling of demat requests, securities verification, and regulatory procedures as required under SEBI Depositories Regulations.

24Mar 26

Dual Buy Ratings for GMR Airports: Jefferies and Kotak Set Positive Targets

Two major brokerage firms have issued positive recommendations for GMR Airports, with Jefferies setting a Rs 125 target price and Kotak Institutional Equities recommending Rs 112. Both firms highlight the company's operational resilience, strong non-aeronautical revenue growth, and strategic expansion plans while noting attractive current valuations.

16Mar 26

GMR Airports Serves 10.26 Million Passengers in February 2026, Reports Mixed Growth

GMR Airports reported February 2026 traffic data showing 10.26 million passengers with modest 0.3% year-on-year growth. The performance was driven by domestic traffic of 7.7 million passengers (+0.5% YoY) while international traffic slightly declined to 2.5 million (-0.1% YoY). Delhi Airport remained the strongest performer with 6.96 million passengers and 3.6% growth, while the company maintained its year-to-date achievements of crossing 111 million passengers.

16Mar 26

GMR Airports Receives Official Award Letter for Delhi Cargo Terminal 1 Concession

GMR Airports Limited has been officially awarded the concession for Delhi Cargo Terminal 1 at IGI Airport by DIAL. The project involves upgrade, modernization and operations of the terminal with an expected revenue share of ₹3.40 billion in the first full year, extending through 2036.

05Mar 26

GMR Airports Ltd. Records Rs. 25.56 Crore NSE Block Trade at Rs. 96.28 Per Share

GMR Airports Ltd. recorded a major NSE block trade involving 2,655,203 shares at Rs. 96.28 per share, totaling Rs. 25.56 crores. The transaction represents significant institutional activity in the airport infrastructure company's stock, executed through the block deal mechanism to minimize market impact.

19Feb 26

GMR Airports Releases Q3FY26 Conference Call Transcript Following Results

GMR Airports Limited has released the transcript of its conference call held on February 14, 2026, discussing Q3FY26 unaudited financial results. The transcript is available on the company's investor relations website, following the Board's approval of quarterly results on February 13, 2026, ensuring continued transparency in investor communications.

14Feb 26

GMR Airports Reports Record 11.1 Million Passengers in January 2026 with 3.9% YoY Growth

GMR Airports Limited achieved record monthly traffic of 11.1 million passengers in January 2026, marking 3.9% YoY growth with domestic traffic at 8.3 million and international at 2.9 million passengers. The company crossed 100 million passengers for YTD FY26, with Delhi Airport leading at 7.2 million passengers and Mopa (Goa) showing exceptional 32.1% growth. Aircraft movements totaled 67,051 with 5.1% YoY increase, demonstrating strong operational momentum across the network.

27Jan 26

GMR Airports Ltd. Records Rs. 20.65 Crore Block Trade on NSE

GMR Airports Ltd. executed a major block trade on NSE worth Rs. 20.65 crores, involving approximately 2,298,280 shares at Rs. 89.84 per share. The transaction reflects significant institutional activity and demonstrates substantial investor interest in the aviation infrastructure company's equity.

16Jan 26

GMR Airports Reports December Passenger Traffic Decrease Of 1.9% Year-Over-Year

GMR Airports Limited released December 2025 traffic data showing mixed performance across its portfolio. While monthly passenger traffic declined 1.90% to 10.68 million, quarterly performance remained positive with 2.60% growth. Delhi Airport achieved record daily traffic and quarterly performance, Mopa continued strong growth at 23.80%, and Hyderabad showed resilience despite monthly decline.

07Jan 26

GMR Airports Records Block Trade of 9.67 Million Shares at ₹104.30

GMR Airports Limited recorded a significant block trade of 9.67 million shares at ₹104.30 per share, totaling approximately ₹1,008.81 crores in transaction value. This institutional trading activity reflects strategic positioning by large investors through the block deal mechanism, which allows substantial volume transactions without impacting regular market prices.

04Jan 26

GMR Visakhapatnam International Airport Successfully Conducts Validation Flight

GMR Visakhapatnam International Airport Ltd. successfully conducted a validation flight at Bhogapuram Airport with Union Aviation Minister Kinjarapu Rammohan Naidu onboard, validating critical infrastructure and operational readiness. The project, over 90% complete and progressing ahead of schedule, targets commercial operations by June 2025 with an initial capacity of 6 million passengers annually and features state-of-the-art cargo facilities.

28Dec 25

GMR Group Among Five Shortlisted Bidders for $800 Million Taif International Airport Project in Saudi Arabia

GMR Airports has been shortlisted as one of five bidders for the $800 million Taif International Airport project in Saudi Arabia. The project, announced by the National Center for Privatisation & PPP, will be executed under a 30-year build-transfer-operate model. The new airport will feature a commercial passenger terminal designed to meet projected capacity requirements through 2055, along with support buildings, utility networks, and transportation infrastructure. It is strategically planned to serve as an alternative airport for Umrah pilgrims.

26Dec 25

GMR Airports Qualifies for $800 Million Taif Airport Project in Saudi Arabia

GMR Airports has qualified to compete for the $800 million Taif Airport development project in Saudi Arabia, advancing alongside four other consortia. This qualification demonstrates the company's technical and financial capabilities for large-scale international airport projects and positions it for potential expansion in the Middle Eastern aviation infrastructure market.

22Dec 25

GMR Airports Acquires 49.90% Stake in Delhi Duty Free Services for ₹1,832.24 Crores

GMR Airports Limited has completed the acquisition of 49.90% equity stake in Delhi Duty Free Services Private Limited (DDFS) for ₹1,832.24 crores from its subsidiary DIAL. The transaction increases GMR Airports' total shareholding in DDFS to 66.93%, consolidating control over duty-free operations at Delhi's Indira Gandhi International Airport. DDFS has shown consistent revenue growth with operations revenue of ₹2,177.32 crores in FY2025.

20Dec 25

GMR Airports Gets CARE A- Stable/CARE A1 Credit Rating for ₹500 Crores Bank Facilities

CARE Ratings has assigned credit ratings to GMR Airports Limited for its banking facilities worth ₹500.00 crores. Long Term Bank Facilities received CARE A- Stable rating, while Short Term Bank Facilities got CARE A1 rating. The agency also reaffirmed existing ratings for previously availed facilities and Non-Convertible Bonds. This information was disclosed to stock exchanges on December 20, 2025, in compliance with SEBI regulations.

16Dec 25

GMR Airports Limited Announces Resignation of Alternate Director Antoine Crombez

GMR Airports Limited announced the resignation of alternate director Antoine Roger Bernard Crombez, effective December 16, 2025, due to personal reasons and professional commitments. The company has complied with SEBI disclosure requirements and informed stock exchanges about this board change through proper regulatory filings.

16Dec 25

GMR Airports Reports 7.4% Growth in November Passenger Traffic to 11.1 Million

GMR Airports experienced robust growth in November, with passenger traffic reaching 11.1 million, a 7.4% increase. Aircraft movements also saw significant growth, rising 7.9% to 65,922. This performance indicates strong operational efficiency and sustained demand for air travel services across GMR's airport network.

15Dec 25

GMR Airports Reports Strong November 2025 Traffic Growth Across All Airports

GMR Airports delivered robust November 2025 performance with 11.07 million passengers across its portfolio, up 7.4% year-on-year. Delhi Airport set new records with 7.3 million passengers and highest-ever single day traffic, while Hyderabad Airport maintained strong growth at 2.7 million passengers. The company served 79 million passengers in YTD FY2026 with overall growth of 1.2%, demonstrating resilient operational performance across its airport network.

01Dec 25

TDSAT Ruling May Lead to Sharp Increase in Delhi Airport User Fees

A recent Telecom Disputes Settlement and Appellate Tribunal (TDSAT) ruling could result in substantial user fee increases at Delhi Airport, operated by GMR Airports Infrastructure Ltd. The decision addresses a ₹50,000 crore shortfall faced by the airport. This may lead to higher charges for passengers and airlines, potentially impacting ticket prices and airline operations. The ruling's implementation details and timeline are yet to be announced, but it could have significant implications for India's aviation sector.

26Nov 25

GMR Airports Secures ₹750 Crore Loan for Delhi Cargo City Project with Sponsor Support

GMR Airports Limited has provided a Sponsor Support Undertaking and pledged 51% of its shares in GMR Cargo and Logistics Limited to secure a ₹750 crore term loan from Axis Bank. This loan will partially fund the development of Cargo City at Delhi International Airport. The support includes subordination of loans, commitment to cover cost overruns, and pledge to replenish the Debt Service Reserve Account if needed. GCLL signed a concession agreement with Delhi International Airport Limited for this project on September 26, 2025.

16Nov 25

GMR Airports Reports Mixed Growth Across Portfolio in YTD FY26

GMR Airports served approximately 68 million passengers YTD FY2026 across its portfolio, showing slight overall growth. Domestic traffic declined 0.4% YoY, while international traffic grew 2.5%. Delhi Airport handled 43.18 million passengers (-3.5% YoY), while Hyderabad Airport achieved a record 17.99 million passengers (+10.1% YoY). Mopa (Goa) Airport grew 10.9% YoY. Infrastructure upgrades were completed at Delhi and Hyderabad airports. Overall traffic (excluding Cebu) increased 2.8% in October 2025 compared to the previous year.

14Nov 25

GMR Airports Sets Ambitious Target for Non-Aeronautical Revenue Growth

GMR Airports aims to achieve at least 15% year-over-year growth in non-aeronautical revenue streams. The company has recently expanded its operations, taking over duty-free outlets at Delhi Airport, winning a master concession for non-aero commercial operations at Hyderabad Airport, and securing a cargo services concession at Delhi International Airport. This strategy aligns with global trends as airports seek to diversify income sources beyond traditional flight-related services. In Q2 FY2026, GMR Airports reported total income of ₹947.63 crore and EBITDA of ₹241.36 crore, compared to ₹283.35 crore and ₹115.01 crore respectively in Q2 FY2024.

14Nov 25

GMR Airports Reports Significant Improvement in Q2 Performance with Reduced Losses and Strong Revenue Growth

GMR Airports Limited (GAL) has reported strong Q2 results with total revenue up 47% to 36.70 billion rupees. EBITDA grew 56% to 15.00 billion rupees, and net loss reduced to 371.00 million rupees from 2.80 billion rupees last year. The company's airports handled 27.8 million passengers, representing 27% of India's total passenger traffic in H1. Delhi Airport saw revenue increase by 34%, while Hyderabad Airport's revenue grew by 16.9%. GAL also commenced duty-free operations at Delhi and Hyderabad airports and secured a cargo concession at Delhi Airport.

14Nov 25

GMR Airports Appoints Six New Directors in Major Board Restructuring

GMR Airports Limited has announced a significant board restructuring, appointing six new directors including three independent directors. The new appointments include Normand Boivin, Dr. Mathilde Lemoine, and Salil Anil Gupte as independent directors, along with three non-independent directors. All six directors are appointed for a five-year term starting November 13, 2025, subject to member approval. This move follows the resignation of independent director Suresh Lilaram Narang due to personal reasons. The restructuring aims to enhance the company's governance, bring in industry expertise, and strengthen its strategic decision-making capabilities in the aviation sector.

14Nov 25

GMR Airports Infrastructure Targets 400 Million+ Passenger Capacity by 2030

GMR Airports Infrastructure Limited (GAL) announced plans to expand its passenger handling capacity to over 400 million by 2030. The strategy includes commissioning new airports, expanding existing facilities, and developing Aerocity ecosystems. GAL reported strong financial results for Q2 FY2026, with total income up 45% year-over-year to ₹3,754.00 crore and EBITDA rising 59% to ₹1,531.00 crore. The company is pursuing growth in airport adjacency businesses, taking over duty-free operations at Delhi and Hyderabad airports. GAL has also undertaken refinancing efforts, raising ₹5,900.00 crore through Non-Convertible Bonds. Infrastructure development projects are ongoing at Delhi, Hyderabad, and Mopa (Goa) airports.

01Nov 25

GMR Hyderabad Airport Secures Approval for Consistent Tariff Rates Through FY2025-26

GMR Airports' subsidiary, GMR Hyderabad International Airport Limited (GHIAL), received approval from the Airports Economic Regulatory Authority of India (AERA) to maintain consistent aeronautical charges for Rajiv Gandhi International Airport in Hyderabad throughout FY2025-26. AERA's amendment extends the rates applicable from April 1, 2025, to December 31, 2025, through the final quarter of the fiscal year. This decision ensures uniformity in landing charges, parking charges, and User Development Fees (UDF) for the entire fiscal year, modifying the original tariff determination order from August 2021.

15Oct 25

GMR Airports Reports Mixed Traffic Performance in September 2025; Delhi Declines 6.3% While Hyderabad Grows 4.3%

GMR Airports Limited released traffic data for September 2025, showing varied performance across its portfolio. Delhi Airport saw a 6.3% decline in passengers, while Hyderabad Airport grew by 4.3%. Mopa (Goa) Airport demonstrated strong growth with a 17.3% increase. Delhi Airport handled 5.84 million passengers, Hyderabad 2.39 million, and Mopa 392,344. For H1 FY2026, Delhi's traffic decreased by 4.3%, Hyderabad's increased by 11.3%, and Mopa's grew by 8.1%. International operations in Medan and Cebu experienced declines. Delhi Airport maintained its position as India's largest cargo handler with a 2.8% increase in H1 FY2026.

15Sept 25

GMR Airports Set to Launch Delhi Airport Terminal 2 Operations on October 26

GMR Airports Infrastructure Limited has announced that Terminal 2 at Delhi Airport will begin operations on October 26. This expansion is expected to significantly increase the airport's passenger handling capacity, potentially reducing congestion during peak travel times. The new terminal represents a strategic move to enhance Delhi Airport's operational capabilities and address growing air traffic demands.

12Sept 25

GMR Goa International Airport Wins Appeal Against AERA Tariff Order

GMR Goa International Airport Limited (GGIAL) has won its appeal against the Airports Economic Regulatory Authority's (AERA) tariff order for Manohar International Airport, Goa. The Telecom Disputes Settlement & Appellate Tribunal (TDSAT) has quashed several aspects of AERA's Tariff Order, including project management consultancy expenses, revenue determination, tariff rate card, and license fees. AERA must now reassess these charges for the period from April 1, 2023, to March 31, 2028. This ruling could have significant implications for the airport's financial structure and operations.

12Sept 25

GMR Airports Sees Rs 440.46 Crore Block Trade on NSE; Incorporates New Cargo and Logistics Subsidiary

GMR Airports Ltd. experienced a block trade worth Rs 440.46 crore on NSE, with 50,337,884 shares traded at Rs 87.50 per share. The company also incorporated a new wholly-owned subsidiary, GMR Cargo and Logistics Limited, with Rs 10 crore initial capital to manage the Cargo City Project at Delhi's IGI Airport and explore other cargo opportunities. This strategic move follows board approval in August and aims to strengthen GMR's position in the cargo and logistics sector.

12Sept 25

GMR Airports Launches New Subsidiary for Delhi Airport Cargo Project

GMR Airports Limited has incorporated a new wholly-owned subsidiary, GMR Cargo and Logistics Limited, on September 11, 2025. The subsidiary, with an initial paid-up share capital of Rs. 10.00 crore, will manage the Cargo City Project at Delhi's Indira Gandhi International Airport and pursue other cargo and logistics opportunities. This move follows board approval on August 21, 2025, and is part of GMR Airports' strategy to expand in the cargo and logistics sector.

11Sept 25

GMR Airports Sees Significant Block Trade on NSE Worth Rs. 445.84 Crores

GMR Airports experienced a significant block trade on the NSE, with 50,947,817 shares traded at Rs. 87.51 per share, totaling Rs. 445.84 crores. The company also commenced duty-free retail operations at Rajiv Gandhi International Airport in Hyderabad on September 10, 2025, following a master concession agreement awarded by GMR Hyderabad International Airport Limited in July 2023.

10Sept 25

Fitch Upgrades GMR Hyderabad International Airport Outlook to Positive, Maintains BB+ Rating

Fitch Ratings has revised the outlook for GMR Hyderabad International Airport to positive while maintaining its credit rating at 'BB+'. This update reflects an improved credit perspective for the airport's operations, which is significant for GMR Airports. The positive outlook suggests potential for further improvement in the airport's credit profile, possibly due to factors such as improved operational performance, increased passenger traffic, enhanced revenue streams, or better financial management. This development could have broader positive implications for GMR Airports' overall portfolio and potentially enhance investor confidence in the company's airport operations segment.

21Aug 25

GMR Airports Approves ₹5,000 Crore Fundraising and Delhi Airport Cargo City SPV

GMR Airports Limited's board has approved raising up to ₹5,000 crore through various financial instruments, including equity shares and convertible securities. The board also greenlit the formation of a Special Purpose Vehicle for the Cargo City Project at Delhi's Indira Gandhi International Airport, following their selection as the bidder for this project by Delhi International Airport Limited. The SPV will be responsible for financing, developing, and managing the Cargo City.

18Aug 25

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

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.

15Aug 25

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

GMR Airports' attempt to raise ₹1,500 crore through a mutual fund bond tranche fell short, receiving bids of only ₹950 crore despite offering a 10.35% yield for 18 months. Morgan Stanley intervened to cover the shortfall. Major investors included HDFC Mutual Fund (₹400 crore) and Aditya Birla MF (₹200 crore). In contrast, the bank tranche of ₹4,400 crore was fully subscribed, with Deutsche Bank investing ₹1,500 crore and SBI Mutual Fund ₹1,050 crore. The company expects to reduce its average borrowing cost by nearly 3 percentage points. Crisil assigned an A+ rating to the new Non-Convertible Debentures.

14Aug 25

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

GMR Airports Limited has been awarded a contract to develop and operate the Cargo City at Indira Gandhi International Airport in New Delhi. The project covers 50.5 acres, with an additional 10-acre optional land parcel for future expansion. The contract runs until 2036 with a possible 30-year extension and includes a revenue-sharing arrangement with Delhi International Airport Limited (DIAL). GMR Airports will pay a minimum monthly guarantee of Rs. 415.74 crores to DIAL for the initial period. In a separate move, the company has allotted Non-Convertible Bonds worth Rs. 590.00 crores to refinance existing NCBs.

11Aug 25

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

GMR Airports Limited announces a special opportunity for shareholders to re-lodge physical share transfer deeds previously rejected or returned. The window will be open from July 07, 2025 to January 06, 2026, for transfers lodged before April 01, 2019. Re-lodged securities will be issued only in demat mode. Shareholders can contact KFin Technologies Limited, the company's Registrar and Share Transfer Agent, for assistance.

05Aug 25

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

GMR Airports has successfully raised Rs 6,000 crore through non-convertible debentures (NCDs) to refinance existing liabilities. The fundraising is structured in two tranches: Rs 4,200 crore from banks at 10.50% for 3 years, and Rs 1,800 crore from mutual funds at 10.35% for 18 months. This move is expected to reduce the company's average borrowing costs by nearly 300 basis points. Crisil has assigned an A+ rating to the new NCDs. GMR Airports currently holds Rs 6,100 crore in non-convertible bonds, with Rs 5,000 crore due in November 2026 and Rs 1,100 crore in February 2028.

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.

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