# GMR Airports (GMRAIRPORT) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/gmrairport

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹98.75
- Change: -0.55%
- As of: 2026-11-06
- 1D return: -0.55%
- 5D return: +13.61%
- 1M return: +12.51%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

GMRAIRPORT (₹98.75) exhibits a multi-timeframe divergence on 2026-11-06. The daily and monthly trends are bullish, with price trading above all key moving averages and the Supertrend indicator. Daily ADX stands at 25.37, indicating an established trend, while the monthly ADX is strong at 49.35. However, the weekly structure remains bearish, with price below the 20-period SMA, 50-period SMA, and weekly Supertrend, suggesting medium-term resistance.

Price action is volatile, marked by an extreme upward gap on 2026-11-05 (+4.5%) followed by an extreme downward weekly gap on 2026-11-06 (-0.6% return despite +14.2% range expansion). This volatility coincides with high annualized volatility (29.9%) and a current drawdown of -14.1%. The stock is positioned near the upper end of its 20-day (+86.8%) and 50-day (+85.2%) ranges, facing immediate resistance at ₹99.21 (pivot) and ₹101.04 (high). Support lies at ₹97.46 (low).

The setup is conditional: daily momentum supports further upside if the price holds above the 20-day EMA, but the weekly bearish structure and recent gap anomalies warn of potential reversal or consolidation. A break above ₹101.04 would be required to confirm sustained bullish continuation against the weekly headwind.

- Trend Divergence: Daily and monthly trends are bullish (price above SMAs/Supertrend), but the weekly trend remains bearish (price below SMAs/Supertrend), creating conflicting signals.
- Volatility & Gaps: Extreme weekly downward gap on 2026-11-06 (z-score 6.56) and extreme daily upward gap on 2026-11-05 highlight high instability; annualized volatility is 29.9%.
- Key Levels: Immediate resistance at ₹99.21 (pivot, +0.46%) and ₹101.04 (high, +2.32%); support at ₹97.46 (low, -1.30%).
- Range Position: Trading near the top of short-term ranges (20-day: +86.8%, 50-day: +85.2%) but in the middle of the 252-day range (+46.4%), with a current drawdown of -14.1%.

- Morning Star
- Inside Bar
- Doji

### What Changed

As of November 6, 2026, GMRAIRPORT (listed on the NSE) has recorded a price movement to ₹98.75, up from the previous reference level of ₹95.0. This represents an increase in the stock's trading value over the observed period. No new corporate filings or news developments have been reported alongside this price shift. The absence of additional fundamental catalysts in the current data set means the price change stands as the primary observable development for investors monitoring the stock.

- Stock price rose to ₹98.75 on November 6, 2026, compared to the prior level of ₹95.0.
- No new material filings or news events were reported during this period.

### Official Filings

GMR Airports Limited’s Board approved unaudited financial results for the quarter and half-year ended September 30, 2026, on October 28, 2026. The company reported consolidated net debt of ₹340bn, Q2FY27 gross income of ₹15.7bn, and H1FY27 net profit after tax of ₹2.1bn. Operational highlights include the commercial operation of Vizag (Bhogapuram) Airport from August 17, 2026, international operations at Delhi Airport Pier C, and handling 28mn passengers in Q2FY27. Credit ratings were upgraded to BBB-/BBB- by S&P and Fitch, alongside refinancing activities raising ₹35bn and ₹15bn through debentures.

Governance changes include the appointment of Sanjeev Gupta as Additional Executive Director and Deputy CEO effective October 29, 2026, and the resignation of Non-Executive Director Alexis Benjamin Riols effective October 28, 2026. Additionally, the company allotted 10,20,00,000 equity shares upon conversion of 25,50,000 OCRPS during the quarter. A key risk factor remains the ongoing DIAL–AAI litigation regarding Annual Fee/MAF relief, with AAI’s appeal listed for December 3, 2026.

- Financial Results: H1FY27 Net Profit After Tax was ₹2.1bn; Q2FY27 Gross Income was ₹15.7bn; Consolidated Net Debt stands at ₹340bn.
- Capital Structure: Allotment of 10,20,00,000 equity shares on conversion of 25,50,000 OCRPS; refinancing raised ₹50bn via debentures.
- Governance: Sanjeev Gupta appointed as Additional Executive Director/Deputy CEO w.e.f. Oct 29, 2026; Alexis Benjamin Riols resigned w.e.f. Oct 28, 2026.
- Legal Risk: DIAL–AAI litigation over Annual Fee/MAF relief continues; AAI’s appeal is listed for hearing on December 3, 2026.

- [GMR AIRPORTS LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2419_WebXMLFile_20261029_182822754.xml)
- [GMR AIRPORTS LIMITED has informed the Exchange about Audio Recording of the Presentation on the Un-audited Financial Results (standalone and consolidated) for the quarter and half year ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GMRINFRA_29102026182604_AudioRecording.pdf)
- [NAME(S)OF THE ACQUIRER AND ITS(PAC) : GQG Partners LLC](https://nsearchives.nseindia.com/corporate/GMR_10282026145957_53986.zip)
- [GMR AIRPORTS LIMITED has submitted to the Exchange, Outcome for Meeting Held On October 28, 2026 |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026220759_NSE-BM_Outcome_28102026.pdf)
- [GMR AIRPORTS LIMITED has informed the Exchange regarding Change in Director |SUBJECT: Cessation](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026222622_Change_in_Directors_28102026.pdf)
- [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](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026222607_Change_in_Directors_28102026.pdf)
- [GMR AIRPORTS LIMITED has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026223406_Investor_Presentation.pdf)
- [GMR AIRPORTS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2419_WebXMLFile_20261028_224042864.xml)
- [GMR AIRPORTS LIMITED has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/GMRAIRPORT_ROID_102262_KMP_Doc.zip)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748397_28102026112927_WEB.xml)

### Fundamentals

GMRAIRPORT demonstrates a clear trajectory toward profitability, driven by strong revenue growth and improving operating margins. In Q2 FY2026-27 (Sep 2026), sales rose 12% year-on-year to ₹4,100 crore, while operating profit expanded modestly to ₹1,480 crore. However, net profit declined sequentially from ₹148 crore in Q1 to ₹65.4 crore in Q2, reflecting higher expenses of ₹4,106 crore against revenues of ₹4,095 crore. Despite this quarterly dip, the annual trend is positive: full-year Mar 2026 saw a turnaround from a net loss of ₹817 crore to a profit of ₹472 crore, with TTM net profit at ₹788 crore.

Financial health shows significant improvement in liquidity, with cash reserves surging from ₹444 crore to ₹4,100 crore as of Sep 2026. This cash build-up coincides with increased borrowings (₹47,408 crore) and fixed assets (₹33,408 crore), indicating ongoing capital expenditure. The company’s ROCE improved sharply to 12% in Mar 2026, up from 7% in Mar 2025. Promoter holding remains stable at 67.48%, while FII participation has grown to 22.95%. The key checkpoint is whether Q3 can sustain the sequential revenue growth without further eroding net margins, given the high interest burden of ₹993 crore in Q2.

- Q2 FY2026-27 Net Profit fell sequentially to ₹65.4 crore from ₹148 crore in Q1, despite YoY sales growth of 12% to ₹4,100 crore.
- Cash reserves surged to ₹4,100 crore as of Sep 2026, up from ₹444 crore a year prior, signaling improved liquidity.
- ROCE improved to 12% in Mar 2026 from 7% in Mar 2025, reflecting better returns on capital employed.
- Interest expense remained high at ₹993 crore in Q2, pressuring net profits despite operating profit expansion to ₹1,480 crore.

### Bear Case

GMRAIRPORT presents a mixed technical setup as of November 6, 2026, with significant cautionary signals in the medium-term trend despite short-term bullish indicators. The stock is trading at ₹98.75, near a pivot resistance level of ₹99.21, which may limit immediate upside momentum. More critically, the weekly trend is bearish, and the stock has experienced a current drawdown of -14.1% against a maximum historical drawdown of -24.9%. Year-to-date performance remains negative at -6.4%, and the three-month return is down -7.4%, indicating recent weakness that outweighs the +14.3% gain over the last ten days. High annualized volatility of +29.9% suggests elevated price instability, requiring careful position sizing.

- Weekly trend is bearish with Supertrend direction signaling downside pressure, contrasting with the daily bullish signal.
- Current drawdown stands at -14.1%, approaching the maximum historical drawdown of -24.9%, highlighting significant downside risk.
- Year-to-date return is negative (-6.4%) and the three-month return is -7.4%, reflecting persistent medium-term underperformance.
- Stock faces immediate resistance at ₹99.21 (0.46% above current price), with high annualized volatility (+29.9%) increasing uncertainty.

- [Top 2 stocks to buy for short-term: GMR Airports, HAL by Nagaraj Shetti - Check stop loss, targets](https://www.livemint.com/market/stock-market-news/top-2-stocks-to-buy-for-short-term-gmr-airports-hal-by-nagaraj-shetti-check-stop-loss-targets-11793791298237.html)
- [GMR AIRPORTS LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2419_WebXMLFile_20261029_182822754.xml)
- [GMR AIRPORTS LIMITED has informed the Exchange about Audio Recording of the Presentation on the Un-audited Financial Results (standalone and consolidated) for the quarter and half year ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GMRINFRA_29102026182604_AudioRecording.pdf)
- [NAME(S)OF THE ACQUIRER AND ITS(PAC) : GQG Partners LLC](https://nsearchives.nseindia.com/corporate/GMR_10282026145957_53986.zip)
- [GMR AIRPORTS LIMITED has submitted to the Exchange, Outcome for Meeting Held On October 28, 2026 |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026220759_NSE-BM_Outcome_28102026.pdf)
- [GMR AIRPORTS LIMITED has informed the Exchange regarding Change in Director |SUBJECT: Cessation](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026222622_Change_in_Directors_28102026.pdf)
- [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](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026222607_Change_in_Directors_28102026.pdf)
- [GMR AIRPORTS LIMITED has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026223406_Investor_Presentation.pdf)
- [GMR AIRPORTS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2419_WebXMLFile_20261028_224042864.xml)
- [GMR AIRPORTS LIMITED has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/GMRAIRPORT_ROID_102262_KMP_Doc.zip)

### FAQs

**What corporate governance changes occurred at GMRAIRPORT in late October 2026?**

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.

**How has GMRAIRPORT’s share price performed over recent periods?**

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.

**What are the key technical support and resistance levels for GMRAIRPORT?**

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.

**Is there any pending litigation affecting GMRAIRPORT's financial outlook?**

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.

- [Top 2 stocks to buy for short-term: GMR Airports, HAL by Nagaraj Shetti - Check stop loss, targets](https://www.livemint.com/market/stock-market-news/top-2-stocks-to-buy-for-short-term-gmr-airports-hal-by-nagaraj-shetti-check-stop-loss-targets-11793791298237.html)
- [GMR AIRPORTS LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2419_WebXMLFile_20261029_182822754.xml)
- [GMR AIRPORTS LIMITED has informed the Exchange about Audio Recording of the Presentation on the Un-audited Financial Results (standalone and consolidated) for the quarter and half year ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GMRINFRA_29102026182604_AudioRecording.pdf)
- [NAME(S)OF THE ACQUIRER AND ITS(PAC) : GQG Partners LLC](https://nsearchives.nseindia.com/corporate/GMR_10282026145957_53986.zip)
- [GMR AIRPORTS LIMITED has submitted to the Exchange, Outcome for Meeting Held On October 28, 2026 |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026220759_NSE-BM_Outcome_28102026.pdf)
- [GMR AIRPORTS LIMITED has informed the Exchange regarding Change in Director |SUBJECT: Cessation](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026222622_Change_in_Directors_28102026.pdf)
- [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](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026222607_Change_in_Directors_28102026.pdf)
- [GMR AIRPORTS LIMITED has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026223406_Investor_Presentation.pdf)
- [GMR AIRPORTS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2419_WebXMLFile_20261028_224042864.xml)
- [GMR AIRPORTS LIMITED has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/GMRAIRPORT_ROID_102262_KMP_Doc.zip)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹99.21
- Risk regime: Price Risk Requires Attention

### Support levels
- 85.86
- 84.8034375
- 80.5

### Resistance levels
- 103.49375
- 105.94125
- 107.955

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.55% |
| return_10 | +14.32% |
| return_1m | +6.11% |
| return_1y | +4.55% |
| return_20 | +12.51% |
| return_3m | -7.36% |
| return_5 | +13.61% |
| return_6m | -0.48% |
| return_since_start | +25.65% |
| return_ytd | -6.40% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -24.87% |
| annualized_volatility | +29.93% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# GMR AIRPORTS LIMITED FY2026-27 Q2: Revenue hits a five-quarter high as pre-tax profit halves sequentially

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 growth lagged expense growth

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.

## Consolidated profit fell; parent owners recorded a loss

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.

## Closing cash and investments rose; borrowings remained substantial

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.

## Key Takeaway

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.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +67.16%
- FII holding: +21.72%
- DII holding: +5.14%
- Mutual fund holding: +2.51%
- Retail holding: +2.39%
- Promoter pledged: +0.00%

### Major reported shareholders

- Aeroports de Paris S.A. — +26.46% (Bodies Corporate)
- GMR ENTERPRISES PRIVATE LIMITED — +13.78% (Bodies Corporate)
- GMR INFRA ENTERPRISES PRIVATE LIMITED — +11.65% (Bodies Corporate)
- GMR BUSINESS AND CONSULTANCY LLP — +7.25% (Bodies Corporate)
- GVL Investments Pvt. Ltd — +4.32% (Bodies Corporate)
- GRAM LIMITED — +2.60%
- GMR INFRA SERVICES PRIVATE LIMITED — +2.44% (Bodies Corporate)
- GOLDMAN SACHS TRUST II - GOLDMAN SACHS GQG PARTNER — +1.94%
- GQG PARTNERS EMERGING MARKETS EQUITY FUND — +1.72%
- FIDELITY ADVISOR INTERNATIONAL CAPITAL APPRICIATIO — +1.71%

## Official filings

- 2026-10-29 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2419_WebXMLFile_20261029_182822754.xml)
- 2026-10-29 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_29102026182604_AudioRecording.pdf)
- 2026-10-28 — Regulatory Filing: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMR_10282026145957_53986.zip)
- 2026-10-28 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026220759_NSE-BM_Outcome_28102026.pdf)
- 2026-10-28 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026222622_Change_in_Directors_28102026.pdf)
- 2026-10-28 — Management Change: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026222607_Change_in_Directors_28102026.pdf)
- 2026-10-28 — Earnings Presentation: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_28102026223406_Investor_Presentation.pdf)
- 2026-10-28 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2419_WebXMLFile_20261028_224042864.xml)
- 2026-10-28 — Management Change: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRAIRPORT_ROID_102262_KMP_Doc.zip)
- 2026-10-28 — Financial Results Filing: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748397_28102026112927_WEB.xml)
- 2026-10-28 — Financial Results Filing: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748393_28102026112847_WEB.xml)
- 2026-10-28 — Press Release: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_29102026000839_Press_Release.pdf)
- 2026-10-26 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_26102026181924_26102026-EarningsCall.pdf)
- 2026-10-26 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2419_WebXMLFile_20261026_182402037.xml)
- 2026-10-25 — Board Meeting Notice: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_25102026193537_GAL-BoardMeetingIntimation-October282026.pdf)
- 2026-10-25 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2419_WebXMLFile_20261025_195810721.xml)
- 2026-10-25 — Board Meeting Notice: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2419_WebXMLFile_20261025_195810721.xml)
- 2026-10-23 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_23102026165503_23102026-Special_Window.pdf)
- 2026-10-19 — Shareholding Disclosure: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741974_19102026071903_WEB.xml)
- 2026-10-16 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_16102026210113_160102026-monthlytrafficdataSep.pdf)
- 2026-10-15 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_15102026170035_Reg_74_5_GAL-Sept2026.pdf)
- 2026-10-14 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_14102026074327_Announcement-Incorporation_of_WOS.pdf)
- 2026-10-14 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2419_WebXMLFile_20261014_122417732.xml)
- 2026-10-09 — Generic Announcement: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2419_WebXMLFile_20261009_161139777.xml)
- 2026-10-08 — Management Change: GMR AIRPORTS LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/GMRINFRA_08102026231343_STX_Intimation_of_Resignation_of_Director_Mr_Alexis.pdf)

## News and market events

- 2026-11-04 — Mint: **Top 2 stocks to buy for short-term: GMR Airports, HAL by Nagaraj Shetti - Check stop loss, targets** — 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. — [Source](https://www.livemint.com/market/stock-market-news/top-2-stocks-to-buy-for-short-term-gmr-airports-hal-by-nagaraj-shetti-check-stop-loss-targets-11793791298237.html)
- 2026-10-30 — MONEYCONTROL: **Hold GMR Airports: target of Rs 91: ICICI Securities** — ICICI Securities has issued a 'Hold' recommendation for GMR Airports with a price target of Rs 91. — [Source](https://www.moneycontrol.com/news/business/hold-gmr-airports-target-of-rs-91-icici-securities-14064376.html)
- 2026-10-30 — MONEYCONTROL: **Buy GMR Airports; target of Rs 120: Emkay Global Financial** — 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. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-gmr-airports-target-of-rs-120-emkay-global-financial-14064232.html)
- 2026-10-29 — The Hindu: **GMR Airports Q2 profit after tax jumps 86% to ₹65 crore** — GMR Airports posts 86% PAT rise to ₹65.38 cr as Q2 income climbs; adds Deputy CEO Sanjeev Gupta amid 28m passengers. — [Source](https://www.thehindubusinessline.com/economy/logistics/gmr-airports-q2-profit-after-tax-jumps-86-to-65-crore/article71638812.ece)
- 2026-10-29 — Mint: **Top stocks to watch today: Jio Platforms, IndiGo, Coal India, Meesho shares in focus on Thursday, 29 Oct | Full list** — Top stocks to watch today: Jio Platforms, Coal India, IndiGo, Trent, Meesho, Hero Motocorp among shares in focus on Thursday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-jio-platforms-indigo-coal-india-meesho-shares-in-focus-on-thursday-29-oct-full-list-11793236670600.html)
- 2026-10-28 — FREEPRESSJOURNAL.IN: **GMR Airports Q2 Profit Jumps 86 Per Cent To ₹65.38 Crore As Income Rises; Sanjeev Gupta Named Deputy CEO** — 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. — [Source](https://www.freepressjournal.in/business/gmr-airports-q2-profit-jumps-86-per-cent-to-6538-crore-as-income-rises-sanjeev-gupta-named-deputy-ceo)
- 2026-10-27 — Mint: **Top stocks to buy: Experts suggest BSE, GMR Airports, Nykaa, Zen Tech, and 2 others - Target price, stop-loss** — 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.  — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-buy-experts-suggest-bse-gmr-airports-nykaa-zen-tech-and-2-others-target-price-stoploss-11793083427379.html)
- 2026-10-25 — Mint: **Top 3 stocks to buy under  ₹100: Niva Bupa, GMR Airports, Restaurant Brands by Sumeet Bagadia | Target price, stop-loss** — 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 — [Source](https://www.livemint.com/market/stock-market-news/top-3-stocks-to-buy-under-rs-100-niva-bupa-gmr-airports-restaurant-brands-by-sumeet-bagadia-target-price-stoploss-11792862655967.html)
- 2026-10-15 — The Hindu: **GMR Airports incorporates subsidiary to explore real estate opportunities** — GARL would engage in carrying out any real estate, land development and other related opportunities — [Source](https://www.thehindubusinessline.com/economy/logistics/gmr-airports-incorporates-subsidiary-to-explore-real-estate-opportunities/article71586474.ece)
- 2026-10-15 — The Hindu: **Aramex signs pact with GMR Airports to strengthen logistics capabilities** — The two companies also explore the development of a warehousing facility in proximity to the express cargo terminal, with dedicated airside corridor access — [Source](https://www.thehindubusinessline.com/economy/logistics/aramex-signs-pact-with-gmr-airports-to-strengthen-logistics-capabilities/article71586475.ece)
- 2026-10-14 — DECCANCHRONICLE.COM: **Aramex Signs MoU With GMR Airports Limited to Strengthen Express and Freight Logistics** — The collaboration is intended to support businesses, including MSMEs, by improving access to efficient international logistics services and enabling smoother movement of goods — [Source](https://www.deccanchronicle.com/business/companies/aramex-signs-mou-with-gmr-airports-limited-to-strengthen-express-and-freight-logistics-1995812)
- 2026-10-09 — CNBC-TV18: **GMR Airports shares jump 5% after ₹818 crore block deal** — The shares traded at an average price of ₹89.53 apiece, taking the total transaction value to around ₹818 crore. The volume represents approximately 0.87% of the company’s total outstanding equity. — [Source](https://www.cnbctv18.com/market/gmr-airports-share-price-jumps-after-818-crore-block-deal-20008535.htm)
- 2026-09-24 — BUSINESS: **GMR Hospitality wins bid for operating F&B outlets at T3 IGIA, New Delhi** — GMR Hospitality (GHL), an Indian subsidiary of GMR Airports has emerged as the Selected Bidder for designing, financing, developing, setting up, operating, managing and maintain the Food & Beverages Outlets at the Terminal 3 of the Indira Gandhi International Airport, New Delhi for an initial period of upto May 2036, which may further be extended by 10 additional years, by Delhi International Airport (DIAL), Indian Subsidiary of the Company and accordingly has entered into License Agreement. — [Source](https://www.business-standard.com/markets/capital-market-news/gmr-hospitality-wins-bid-for-operating-f-b-outlets-at-t3-igia-new-delhi-126092400164_1.html)
- 2026-09-23 — CNBC-TV18: **GMR Airports hospitality arm bags Delhi Airport F&B licence, ₹109 crore fee in FY28** — Shares of GMR Airports Ltd (India) ended at ₹99.05, up by ₹1.02, or 1.04%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/gmr-airports-share-price-hospitality-arm-bags-delhi-airport-f-and-b-licence-rs-109-crore-fee-in-fy28-19997050.htm)
- 2026-09-23 — BUSINESSTODAY: **Govt will be cautious about Adani Group's airline plans amid conflict of interest concerns, says aviation minister Ram Mohan Naidu** — adani airline, will adani group start an airline, adani airline conflict of interest, adani group airline plans, ram mohan naidu — [Source](https://www.businesstoday.in/india/story/govt-will-be-cautious-about-adani-groups-airline-plans-amid-conflict-of-interest-concerns-says-aviation-minister-ram-mohan-naidu-557184-2026-09-23)
- 2026-09-22 — MONEYCONTROL: **India weighs plan to let Mumbai, Delhi airports own carriers** — airports, airport operators, delhi airports, mumbai airport, adani airlines, aviation industry, indigo, air india — [Source](https://www.moneycontrol.com/news/india/india-weighs-plan-to-let-mumbai-delhi-airports-own-carriers-14035652.html)
- 2026-09-17 — The Hindu: **Broker’s call: GMR Airports (Buy)** — JM Financial — [Source](https://www.thehindubusinessline.com/markets/brokers-call-gmr-airports-buy/article71477039.ece)
- 2026-09-17 — CNBC-TV18: **Sensex slips 22 points, Nifty rises for 2nd day: 5 reasons why market ended mixed today** — Midcap stocks outperformed the benchmark indices, keeping the market breadth in favour of advances. The National Stock Exchange's (NSE) advance-decline ratio stood at 2:1. As many as 35 Nifty stocks closed in the green, with insurance names among the top gainers. — [Source](https://www.cnbctv18.com/market/sensex-slips-22-points-nifty-rises-for-2nd-day-5-reasons-why-market-ended-mixed-today-19992874.htm)
- 2026-09-17 — Economic Times: **GMR Airports shares gain 2% after JM Financial retains Buy rating; sees up to 24% upside** — GMR Airports shares witnessed an uptick on Thursday after JM Financial retained its Buy rating and Rs 115 target price, citing an improved risk-reward profile despite subdued passenger traffic. The brokerage expects traffic pressure to persist through November, but sees growth improving from December as favourable base effects and resilient international traffic support recovery. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/gmr-airports-shares-gain-2-after-jm-financial-retains-buy-rating-sees-up-to-24-upside/articleshow/134302927.cms)
- 2026-09-16 — BUSINESS: **GMR Airports August passenger traffic rises 1% YoY** — GMR Airports handled around 9.4 million passengers in August 2026, marking a 0.9% year-on-year (YoY) increase in passenger traffic. — [Source](https://www.business-standard.com/markets/capital-market-news/gmr-airports-august-passenger-traffic-rises-1-yoy-126091600217_1.html)
- 2026-09-16 — BUSINESS: **Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler** — Shares of Inox Wind, Kaynes Technology India, Bandhan Bank and SAIL are banned from F&O trading on 16 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-gmr-airports-saatvik-green-energy-nbcc-gmm-pfaudler-126091600135_1.html)
- 2026-09-16 — BUSINESSTODAY: **Top stocks in news: Groww, Kanohar, BHEL, Glass Wall, Auro Pharma, GMR Airports, Prasol, NBCC** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Groww, Kanohar Electricals, Bharat Heavy Electricals, BHEL, Glass Wall Systems (India), Aurobindo Pharma, GMR Airports, Prasol Chemicals, NBCC (India), Tata Communications, Blue Star, Billionbrains Garage Ventures, Saatvik Green Energy, Sunshine Pictures, India Pesticides, Sonata Software, VIP Industries — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-groww-kanohar-bhel-glass-wall-auro-pharma-gmr-airports-prasol-nbcc-555749-2026-09-16)
- 2026-08-28 — MONEYCONTROL: **GMR Group to explore opportunities for airports, adjacent biz in West Asia, Eastern Europe** — GMR Group, GMR Airports, G M Rao, airport expansion, Indian aviation, aviation sector, airport business, West Asia, Central Asia, Eastern Europe, Southeast Asia, airport concessions, airport operations, duty free, airport cargo, — [Source](https://www.moneycontrol.com/news/business/gmr-group-to-explore-opportunities-for-airports-adjacent-biz-in-west-asia-eastern-europe-14017823.html)
- 2026-08-27 — BUSINESS: **Volumes spurt at The Bombay Burmah Trading Corporation Ltd counter** — The Bombay Burmah Trading Corporation Ltd registered volume of 3.91 lakh shares by 10:45 IST on BSE, a 195.21 fold spurt over two-week average daily volume of 2003 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-spurt-at-the-bombay-burmah-trading-corporation-ltd-counter-126082700279_1.html)
- 2026-08-24 — MONEYCONTROL: **Adani rival GMR plans $2 billion expansion at two India airports** — Adani airports, gmr airports, indian airports, airports in india, airport expansion, delhi airport, hyderabad airport, major airports in India — [Source](https://www.moneycontrol.com/news/business/companies/adani-rival-gmr-plans-2-billion-expansion-at-two-india-airports-14013417.html)

## Business profile

**Strategic vision:** Airport platform company designing, constructing, and operating airports.

### Business segments
- **Airport Operations:** Manages a network of airport assets, coordinating airside and landside operations, passenger movement, and safety, alongside infrastructure development.
- **Aero Services:** Provides integrated aviation solutions encompassing Duty-Free, Retail, Food & Beverage, Cargo, Car Parking, Operations & Maintenance, and Project Management Consultancy.
- **Aerotropolis Development:** Develops airport cities through its Aerotropolis concept, fostering real estate growth.
- **MRO Facility:** Operates India’s largest third-party Maintenance, Repair, and Overhaul (MRO) facility.
- **Digital Solutions:** Focuses on enhancing passenger experience with digital solutions.
- **Talent Development:** Contributes to talent development for the aviation sector.

### Competitive strengths
- Expertise in airport design, construction, and operation.
- Integrated airport solutions covering operations, services, and infrastructure.
- Development of airport cities and associated real estate.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/gmrairport
Markdown representation: https://faxioms.com/stocks/gmrairport?render=md