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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 06 Nov 2026, 03:30 pm
On October 28, 2026, the Board appointed Sanjeev Gupta as Additional Executive Director and Deputy CEO effective October 29, 2026. Concurrently, Non-Executive Director Alexis Benjamin Riols resigned effective close of business on October 28, citing professional commitments. The Board also approved unaudited financial results for the quarter ended September 30, 2026.
As of November 6, 2026, the stock closed at ₹98.75. It gained +14.3% over the past 10 trading days and +6.1% over the last month. However, it declined -7.4% over three months and is down -6.4% year-to-date. The stock currently trades within a -14.1% drawdown from its peak.
Immediate support lies at ₹97.46 (1.30% below current price), with further support at ₹95.63. Resistance is observed at ₹99.21 (0.46% above) and ₹101.04 (2.32% above). Daily technical indicators show a bullish Supertrend direction, while weekly indicators remain bearish.
Yes. The consolidated financial report highlights ongoing litigation between DIAL and AAI regarding Annual Fee/MAF relief. An appeal by AAI is pending and listed for hearing on December 3, 2026. This matter remains a material factor for the company's financial position.
As of 06 Nov 2026, 03:30 pm
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Recent drawdown or price variability is high enough to warrant closer monitoring.
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The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Revenue From Operations | ₹3,670 crore | ₹3,964 crore | PEAK₹4,095 crore |
| Expenses | ₹3,697 crore | ₹3,910 crore | PEAK₹4,106 crore |
| Profit Before Exceptional Items And Tax | ₹57.5 crore | PEAK₹174 crore | ₹82.5 crore |
| Profit Loss For Period | ₹35.1 crore | PEAK₹148 crore | ₹65.4 crore |
Revenue from operations rose 3.3% quarter on quarter to ₹4,095 crore in Q2 FY2026-27, the highest in the five-quarter series, and increased 11.6% year on year. Expenses grew faster, up 5.0% from Q1, while profit before tax fell 52.6% sequentially to ₹82.5 crore; the quarter also recorded a ₹14.9 crore loss attributable to owners of the parent.
Revenue reached a five-quarter high and grew year on year, but expenses rose faster and pre-tax profit fell sharply from Q1. The loss attributable to parent-company owners, alongside borrowings of about ₹46,288 crore and negative total equity, remains a material feature of the quarter despite higher closing cash and current investments.
Disclosed bulk and block transactions involving GMR Airports, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for GMR Airports.
GMR AIRPORTS LIMITED (NSE: GMRAIRPORT, ISIN: INE776C01039) filed a generic announcement with the NSE on 2026-10-29 regarding the audio recording of an Analyst/Investor Meet. The earnings call concluded at 11:09:00 on 2026-10-29, and the audio recording was uploaded to the company’s website at 17:40:00 on the same date. Prior intimation of the earnings call was disclosed to the Exchange on 2026-10-26.
GMR Airports Limited made the audio recording of its October 29, 2026 presentation on unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026 available on the company website. The company said this followed its October 26, 2026 letter and was disclosed under SEBI Listing Regulations. The filing reports a routine investor-relations update and no substantive business decision or financial figures.
NAME(S)OF THE ACQUIRER AND ITS(PAC) : GQG Partners LLC
On October 28, 2026, GMR Airports Limited’s Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026; appointed Sanjeev Gupta as an Additional Executive Director and Deputy CEO effective October 29, 2026; and accepted the resignation of Non-Executive Director Alexis Benjamin Riols effective at close of business on October 28, 2026. The filing also reports that during the quarter the company allotted 10,20,00,000 equity shares on conversion of 25,50,000 OCRPS. The independent reviewers’ conclusions on the standalone and consolidated results were not modified; the consolidated report highlights ongoing DIAL–AAI litigation over Annual Fee/MAF relief, with AAI’s appeal pending and listed for December 3, 2026.
GMR Airports Limited’s Board appointed Sanjeev Gupta (DIN 11709171) as an Additional Director in the Executive Director category and designated him Deputy CEO for three years from October 29, 2026, subject to shareholder or other applicable approval. The Board also approved the resignation of Non-Executive Director Alexis Benjamin Riols, effective at close of business on October 28, 2026. Riols cited professional commitments and other engagements and stated there were no material reasons beyond those stated.
GMR AIRPORTS LIMITED has informed the Exchange regarding Appointment of Mr Sanjeev Gupta as Executive Director of the company w.e.f. October 29, 2026. |SUBJECT: Appointment
GMR Airports Limited (GMRAIRPORT) filed an Investor Presentation with the NSE and BSE on October 28, 2026, disclosing un-audited financial results for the quarter and half-year ended September 30, 2026. The presentation reports consolidated net debt of INR 340bn, Q2FY27 gross income of INR 15.7bn, and H1FY27 net profit after tax of INR 2.1bn. Key operational developments include the commercial operation of Vizag (Bhogapuram) Airport starting August 17, 2026, international operations commencing at Delhi Airport Pier C, and traffic handling 28mn passengers in Q2FY27. Credit upgrades were noted from S&P and Fitch to BBB-/BBB-, alongside refinancing activities raising INR 35bn and INR 15bn through debentures.
GMR AIRPORTS LIMITED’s board approved the appointment of Sanjeev Gupta as an Executive Director for a 36-month term, effective 2026-10-29, and noted the resignation of Executive Director Alexis Benjamin Riols, effective 2026-10-28. Riols’s resignation letter was received on 2026-10-21 and cited “his professional commitments and other engagements.”
Recent market and company developments associated with GMR Airports.
Indian equity markets extended their winning streak to a fifth consecutive session, with the Sensex rising 0.50% to 77,301.40 and the Nifty 50 advancing 0.63% to 23,960.60, driven by buying in heavyweight sectors and foreign fund inflows. HDFC Securities analyst Nagaraj Shetti highlighted GMR Airports and Hindustan Aeronautics (HAL) as potential short-term buys for a two-to-three-week horizon, citing technical reversal patterns and bullish outlooks for both stocks.
ICICI Securities has issued a 'Hold' recommendation for GMR Airports with a price target of Rs 91.
Emkay Global Financial has issued a 'Buy' recommendation for GMR Airports, setting a price target of Rs 120. This analyst action suggests a positive outlook on the company's prospects or valuation relative to its current market price.
GMR Airports posts 86% PAT rise to ₹65.38 cr as Q2 income climbs; adds Deputy CEO Sanjeev Gupta amid 28m passengers.
Top stocks to watch today: Jio Platforms, Coal India, IndiGo, Trent, Meesho, Hero Motocorp among shares in focus on Thursday.
GMR Airports-owned airports handled 28 million passengers in the September quarter. Despite the rise in profit after tax, the company reported a total comprehensive loss of Rs 80.75 crore, compared with income of Rs 14.30 crore a year earlier. Sanjeev Gupta will take over as Deputy CEO on October 29.
Experts recommended six stocks for possible short-term gains, based on support levels, trend reversals and momentum signals; named picks include Nykaa, ICICI Prudential AMC and Zen Technologies.
Stock market prediction for next week: Sumeet Bagadia believes the near-term bias of the Indian stock market remains cautious unless the Nifty 50 index reclaims its immediate resistance zone, which is 22,750 to 22,800
Comprehensive Section Breakdown for GMR Airports
Strategic Vision: Airport platform company designing, constructing, and operating airports.
• Expertise in airport design, construction, and operation.
• Integrated airport solutions covering operations, services, and infrastructure.
• Development of airport cities and associated real estate.
Revenue from operations increased from ₹3,964 crore in Q1 FY2026-27 to ₹4,095 crore in Q2. Total income rose 2.5% sequentially to ₹4,188 crore, including ₹93 crore of other income.
Total expenses increased to ₹4,106 crore from ₹3,910 crore in Q1. Finance costs rose 5.8% quarter on quarter to ₹993 crore; depreciation, depletion and amortisation was ₹493 crore, and employee benefit expense was ₹459 crore. Profit before tax declined to ₹82.5 crore from ₹174.1 crore in Q1. Compared with Q2 FY2025-26, it was down 10.8% from ₹92.5 crore.
Tax expense was ₹72 crore, compared with ₹75 crore in Q1. Consolidated profit for the period decreased 55.8% sequentially to ₹65.4 crore. Profit from continuing operations was ₹10.5 crore, down from ₹98.9 crore in Q1.
Of the quarter’s consolidated profit, ₹80.3 crore was attributable to non-controlling interests, while owners of the parent recorded a loss of ₹14.9 crore. Basic and diluted earnings per share were both negative ₹0.01, compared with positive ₹0.09 and ₹0.07, respectively, in Q1.
Cash and cash equivalents stood at ₹4,100 crore on 30 September 2026, compared with ₹610 crore on 31 March 2026. Current investments were ₹4,989 crore, up from ₹4,291 crore at 31 March. These closing balances show a larger reported cash and current-investment position at quarter-end.
Current borrowings were ₹7,073 crore and non-current borrowings ₹39,215 crore at 30 September 2026, totalling about ₹46,288 crore. At 30 September 2025, the corresponding balances were ₹4,092 crore and ₹36,822 crore, totalling about ₹40,914 crore.
Total liabilities were ₹61,998 crore at 30 September 2026. Equity attributable to owners of the parent was negative ₹2,482 crore; total equity, including ₹1,056 crore of non-controlling interests, was negative ₹1,426 crore.
Category: B2B Services
Manages a network of airport assets, coordinating airside and landside operations, passenger movement, and safety, alongside infrastructure development.
Category: B2B Services
Provides integrated aviation solutions encompassing Duty-Free, Retail, Food & Beverage, Cargo, Car Parking, Operations & Maintenance, and Project Management Consultancy.
Category: Real Estate
Develops airport cities through its Aerotropolis concept, fostering real estate growth.
Category: B2B Services
Operates India’s largest third-party Maintenance, Repair, and Overhaul (MRO) facility.
Key Products & Services: GMR Air Cargo and Aerospace Engineering Ltd.
Category: Consumer Tech
Focuses on enhancing passenger experience with digital solutions.
Key Products & Services: GMR Innovex
Category: Education
Contributes to talent development for the aviation sector.
Key Products & Services: GMR Aero Academy • GMR School of Aviation
Core Thesis: The company leverages its expertise in airport design, construction, and operation to provide integrated aero services and develop airport cities.
• Airport Network Management: Manages a portfolio of operating airports and develops new greenfield projects across India and international markets. • Integrated Aero Services: Offers a comprehensive range of services including retail, F&B, cargo, MRO, and digital solutions to enhance the airport ecosystem. • Aerotropolis Development: Fosters real estate growth by developing airport cities around its managed airport assets. • Talent Development: Invests in aviation talent development through dedicated academies and schools.