GMR Airports share price
NSE: GMRAIRPORTBSE: 532754Transport InfrastructureMid Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹89.88.
27 Oct: open ₹89.00, high ₹89.64, low ₹88.55
- Next results date: the board meets on 28 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹95,394 Cr106th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 199.52
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹155 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 150.79
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- Net worth zero or below
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business.
- Net worth zero or below
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 10.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- Net worth zero or below
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 70,79,42157.3% delivered
About GMR Airports
GMR Airports Limited develops and operates airports and runs the commercial businesses that grow around them.1 Its customers are passengers and the organisations involved in air passenger and cargo transport.2 Its airports are at Delhi, Hyderabad, Goa, Nagpur and Bidar and at the new Visakhapatnam airport at Bhogapuram in India, and at Medan in Indonesia, and it is building a new airport in Crete, Greece.345
It organises the business as a utility platform that develops and runs airports, a consumer platform of duty free, retail, food and beverage, cargo, logistics and car park businesses, and a real estate platform that develops commercial, hotel and logistics property around its airports.1 Through subsidiaries it also runs an aircraft maintenance, repair and overhaul (MRO) business at Hyderabad airport and Raxa Security Services, a security services company.67
It was incorporated in 1996.8 At Medan it runs Kualanamu International Airport through a project company in which it holds 49% and PT Angkasa Pura Indonesia 51%.9 With Greek partner Terna it holds a 35-year concession to build and run the new airport at Heraklion in Crete.4 Construction there was 73.5% complete at the end of June 2026.10
The GMR Group has management control of the company, and GMR Enterprises Private Limited, one of its promoters, is its parent company.1112 Groupe ADP, which runs the Paris-Charles de Gaulle and Paris-Orly airports, joined as a strategic partner in 2020 and is now a co-promoter.3
GMR Airports key points
Results
- In the quarter to Jun 2026, consolidated total income rose 23% to ₹40.8 billion and EBITDA (earnings before interest, tax, depreciation and amortisation) 22% to ₹15.7 billion; profit after tax was ₹1.5 billion, against a loss of ₹1.4 billion a year earlier.1314
- In the year to Mar 2026, consolidated total income rose 40% to ₹15,201 crore and EBITDA 47% to a record ₹6,150 crore; profit after tax was ₹472.39 crore against a loss of ₹816.90 crore, its first consolidated profit in more than a decade.1516
- Consolidated net debt (borrowings less cash) was ₹340 billion at the end of June 2026, leaving out ₹28.9 billion of convertible bonds held by Groupe ADP.17
Market position
Revenue mix
- In the year to Mar 2026, consolidated aeronautical income (landing, parking and passenger charges) rose 64.04% to ₹4,901.95 crore and non-aeronautical income (duty free sales, rentals, concessions, ground handling and cargo) 44.13% to ₹8,052.21 crore.20
Airports
- Passengers in the year to Mar 20262122Medan airport in Indonesia handled 7.03 million passengers in calendar 2025.
Item year to Mar 2026 Delhi 78.7 million Hyderabad 30.5 million Goa (Mopa) 5.4 million - It owns 74% of the Delhi and Hyderabad airport companies; Airports Authority of India holds 26% of Delhi's and 13% of Hyderabad's, where the Telangana government also holds 13%.2324
- Hyderabad's terminal can handle 34 million passengers a year; Bhogapuram airport has capacity for 6 million a year, expandable to 40 million.2425
- Delhi airport's tariff order for April 2024 to March 2029 raised its approved yield per passenger (aeronautical charges per passenger) to ₹360 from ₹145 from 16 Apr 2025; Hyderabad's next tariff was under review by AERA, the airport regulator, as of 12 Aug 2026.2627
Airport businesses and property
- It began running the duty free shops at Delhi airport on 28 Jul 2025 and at Hyderabad on 10 Sep 2025; in the quarter to Jun 2026 they had revenue of ₹5.8 billion and ₹1.1 billion.2829
- It has run Delhi airport's existing cargo terminal since DIAL ended Celebi's concession on 15 May 2025, and was named selected bidder for it for an initial period up to 2036; it is also selected bidder for a 50.5-acre Cargo City at Delhi.3028
- It has about 3,010 acres of airport land for real estate, including 1,500 acres at Hyderabad, 794 at Bhogapuram, 247 at Nagpur, 232 at Goa and 230 at Delhi.31
What the company expects
- On its earnings call of 13 Aug 2026, the company said it expects airport traffic to stay soft in the first half of the year to Mar 2027 and recover in the second half, with Hyderabad airport traffic flat for the year.3233
- On its earnings call of 13 Aug 2026, the company said it expects GMR Airports' business to grow organically at about 15% to 18% over the long term.34
- On its earnings call of 13 Aug 2026, the company said it expects about ₹2,000 crore of capital spending in the year to Mar 2027, including about ₹1,500 crore of operational spending and about ₹250 crore to refurbish Nagpur airport.35
Recent events
- On 23 Sep 2026, subsidiary GMR Hospitality was selected to run the food and beverage outlets at Delhi airport's Terminal 3 for an initial period up to May 2036.36
- On 2 Sep 2026, Crisil upgraded the company's bonds of up to ₹5,900 crore to AA- from A+ (a credit rating is an agency's view of a borrower's ability to repay).37
- On 17 Aug 2026, Alluri Sitarama Raju International Airport at Bhogapuram began commercial operations after its inauguration on 1 Aug 2026; the company said all scheduled commercial passenger operations at the existing Visakhapatnam airport would move there.383940
- On 25 Jun 2026, a wholly owned subsidiary took over operations of Nagpur airport under a concession agreement signed with MIHAN India Limited in October 2024.28
Litigation and regulatory matters
- As of its annual report of 27 Aug 2026, AERA had appealed to the Supreme Court against tribunal rulings on Delhi's and Hyderabad's earlier tariffs and on Goa's tariff order for April 2023 to March 2028; Delhi airport had appealed its current tariff order.4142
- As of its annual report of 27 Aug 2026, Airports Authority of India had appealed a Delhi High Court ruling of 7 Mar 2025 that upheld an award extending Delhi airport's concession by 1 year and 11 months for the pandemic period.43
Last updated
All 43 sources, each with its page
- 1. Annual report, 27 Aug 2026, page 7
- 2. Annual report, 27 Aug 2026, page 75
- 3. Exchange filing, 17 Aug 2026, page 3
- 4. Annual report, 27 Aug 2026, page 19
- 5. Annual report, 27 Aug 2026, page 16
- 6. Annual report, 27 Aug 2026, page 63
- 7. Annual report, 27 Aug 2026, page 20
- 8. Annual report, 27 Aug 2026, page 4
- 9. Annual report, 27 Aug 2026, page 19
- 10. Investor presentation, 12 Aug 2026, page 42
- 11. Annual report, 27 Aug 2026, page 21
- 12. Annual report, 27 Aug 2026, page 53
- 13. Earnings call, 13 Aug 2026, page 2
- 14. Investor presentation, 12 Aug 2026, page 17
- 15. Annual report, 27 Aug 2026, page 58
- 16. Annual report, 27 Aug 2026, page 15
- 17. Investor presentation, 12 Aug 2026, page 25
- 18. Annual report, 27 Aug 2026, page 7
- 19. Investor presentation, 12 Aug 2026, page 14
- 20. Annual report, 27 Aug 2026, page 66
- 21. Annual report, 27 Aug 2026, page 11
- 22. Annual report, 27 Aug 2026, page 19
- 23. Annual report, 27 Aug 2026, page 16
- 24. Annual report, 27 Aug 2026, page 17
- 25. Investor presentation, 12 Aug 2026, page 34
- 26. Annual report, 27 Aug 2026, page 59
- 27. Investor presentation, 12 Aug 2026, page 12
- 28. Annual report, 27 Aug 2026, page 15
- 29. Investor presentation, 12 Aug 2026, page 10
- 30. Exchange filing, 13 Mar 2026, page 1
- 31. Investor presentation, 12 Aug 2026, page 5
- 32. Earnings call, 13 Aug 2026, page 2
- 33. Earnings call, 13 Aug 2026, page 8
- 34. Earnings call, 13 Aug 2026, page 14
- 35. Earnings call, 13 Aug 2026, page 13
- 36. Exchange filing, 23 Sep 2026, page 1
- 37. Exchange filing, 2 Sep 2026, page 1
- 38. Exchange filing, 17 Aug 2026, page 1
- 39. Exchange filing, 17 Aug 2026, page 3
- 40. Earnings call, 13 Aug 2026, page 1
- 41. Annual report, 27 Aug 2026, page 60
- 42. Annual report, 27 Aug 2026, page 61
- 43. Annual report, 27 Aug 2026, page 60
Results
Consolidated; ₹ crore.GMR Airports quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +38.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,964 Crup 0.66%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹148 Crdown 63.06%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 3.7%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,495 | 2,653 | 2,863 | 3,205 | 3,670 | 3,994 | 3,938 | 3,964 |
| Net profit | −429 | 202 | −253 | −137 | 35 | 174 | 400 | 148 |
| Net margin | −17.2% | 7.6% | −8.8% | −4.3% | 1.0% | 4.4% | 10.2% | 3.7% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹14,807 Crup 42.18%
- Net profitNet profit. Under it, net profit in the year before. A change in per cent is not worked out where either period is a loss or nothing.
- ₹472 CrYear to Mar 2025: −₹817 Cr
- Net margin
- 3.2%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2018, the company's revenue for that year, ₹8,721 Cr, differs from its quarters added, ₹9,207 Cr. From the year to Mar 2021, the company's revenue for that year, ₹6,229 Cr, differs from its quarters added, ₹6,135 Cr. From the year to Mar 2022, the company's revenue for that year, ₹4,601 Cr, differs from its quarters added, ₹6,480 Cr; the company reports the part of the business demerged on 11 Jan 2022 as discontinued, and figures before the change include it.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10,999 | 8,721 | 7,565 | 8,556 | 6,229 | 4,601 | 6,693 | 8,755 | 10,414 | 14,807 |
| Net profit | −575 | −1,115 | −3,356 | −2,202 | −3,428 | −1,131 | −840 | −828 | −817 | 472 |
| Net margin | −5.2% | −12.8% | −44.4% | −25.7% | −55.0% | – | −12.5% | −9.5% | −7.8% | 3.2% |
Business segments
In the year to Mar 2026 the company reports one business segment, Airports, which carries all its revenue.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | With the demerger reinvestedReturn with the demerger reinvested. The yearly price growth with the price before the demerger multiplied by the demerger's price factor (its opening price on the ex-date over the close before it), plus the average dividend yield: the return of a holder who put the value of the shares of the company that was split off back into this share on the ex-date. | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|---|
| 1 year | +11.9% | – | – | – | 0.0% |
| 3 years | +27.9% | – | – | – | 0.0% |
| 5 years | +28.4% | +31.0% | – | – | 0.0% |
Mutual fund holdings
149 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 99 of the 110 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 149 funds holding GMR Airports
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 6
- AddedAdded. Funds that held more shares than at the end of the month before.
- 38
- CutCut. Funds that held fewer shares than at the end of the month before.
- 72
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 30
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 6
| Fund | |||
|---|---|---|---|
| 4,14,18,675 | 1.41% | ₹394.1 Cr | |
| 1,95,57,900 | 0.40% | ₹186.1 Cr | |
| 1,18,22,119 | 2.01% | ₹112.5 Cr | |
| 1,15,00,700 | 0.14% | ₹109.4 Cr | |
| 1,08,28,645 | 1.05% | ₹103.0 Cr | |
| 97,40,668 | 1.06% | ₹92.7 Cr | |
| 81,47,267 | 1.16% | ₹77.5 Cr | |
| 80,49,150 | 1.02% | ₹76.6 Cr | |
| 77,98,050 | 0.21% | ₹74.2 Cr | |
| 77,83,778 | 1.13% | ₹74.1 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.GMR Airports insider trading
- Promoters and promoter group2 purchases, 0 sales₹841 CrNo saleNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹841 Cr6 pledge filings of unclear kind
GMR Airports competitors and peers
Transport Infrastructure, 18 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to GMR Airports in market cap.Services companies
GMR Airports is not on the chart: it has no return on equity today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 4,04,230 | – | 4.21 | +23.8% | – | – | 11.6% | 0.43% | |
| 73,919 | 51.26 | 4.11 | +17.0% | −9.0% | 10.2% | 8.0% | 0.28% | |
| 7,747 | 13.86 | 3.24 | +25.0% | +42.7% | 23.6% | 27.2% | 6.49% | |
| 1,688 | – | 4.80 | +0.4% | −288.0% | −5.6% | −6.8% | 0.00% | |
| 646 | 15.57 | 1.83 | +12.2% | +37.0% | 13.4% | 28.7% | 0.00% | |
| 518 | – | 2.27 | – | – | – | 4.7% | 0.00% | |
| 437 | – | 1.48 | – | – | – | – | 0.00% | |
| 311 | – | 0.99 | −73.4% | −133.6% | −7.6% | −15.1% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.GMR Airports dividend history
| Ex-date | Type | Per share |
|---|---|---|
| 9 Sep 2014 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.10 |
| 5 Sep 2013 | Final | ₹0.10 |
Latest announcements
Routine notices left out.GMR Airports announcements
Oct 2026
26 Oct · Analysts
16 Oct · Updates
14 Oct · Business
GMR Airports share price by year
Each calendar year to 2025.GMR Airports share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 104.37 | +32.9% | 108.35 | 69.29 |
| 2024 | 78.56 | −2.5% | 101.73 | 74.65 |
| 2023 | 80.55 | +102.6% | 80.55 | 36.95 |
| 2022Demerger | 39.75 | −13.1% | 48.45 | 32.45 |
| 2021 | 45.75 | +72.6% | 47.15 | 22.85 |
| 2020 | 26.50 | +26.2% | 28.85 | 15.85 |
| 2019 | 21.00 | +28.0% | 22.30 | 14.45 |
| 2018 | 16.40 | −26.9% | 24.10 | 14.75 |
| 2017 | 22.45 | +89.5% | 22.45 | 12.05 |
| 2016 | 11.85 | −27.7% | 16.45 | 10.50 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 85.75 | 89.88 | 85.33 | 89.88 | 87.63 | 2,17,90,501 | 54.4% |
| 23 Oct 2026 | 87.00 | 87.16 | 84.22 | 86.38 | 85.29 | 1,03,34,206 | 57.1% |
| 22 Oct 2026 | 85.43 | 87.40 | 85.20 | 87.40 | 86.53 | 81,91,508 | 46.9% |
| 21 Oct 2026 | 90.00 | 91.07 | 86.57 | 87.54 | 88.61 | 1,27,32,282 | 54.1% |
| 19 Oct 2026 | 89.00 | 90.45 | 89.00 | 90.10 | 90.02 | 66,33,009 | 65.0% |
| 16 Oct 2026 | 90.50 | 90.60 | 89.20 | 89.50 | 89.76 | 69,04,870 | 50.5% |
| 15 Oct 2026 | 90.02 | 91.38 | 89.44 | 90.47 | 90.23 | 74,48,136 | 49.2% |
| 14 Oct 2026 | 90.00 | 90.34 | 89.22 | 90.22 | 89.81 | 86,86,425 | 56.0% |
| 13 Oct 2026 | 89.50 | 90.45 | 88.51 | 90.34 | 89.73 | 1,34,02,455 | 58.6% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 11 Jan 2022 | Demerger | 0.9030 | Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested. |
| 11 Mar 2015 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
| 1 Oct 2009 | Split | 0.5000 | Each share became 2. |
| 28 Sep 2007 | Split | 0.2000 | Each share became 5. |
Company details
- NSE symbol
- GMRAIRPORT
- BSE code
- 532754
- ISIN
- INE776C01039
- Industry
- Transport Infrastructure
- Former symbols
- GMRINFRA
- Website
- www.gmrgroup.in
- CIN
- L52231HR1996PLC113564
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1996
- Registered office
- Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase- III, Gurugram 122002, Haryana
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments