GMR AIRPORTS LIMITEDGMRAIRPORTCorporate

Industrials Airports & Air Services Latest results: Mar 2026 13 quarters of data

₹89.50

MCap ₹94,503 Cr · P/E n/m

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹1,581 Cr

Sales · Mar 2026

+211.4% YoY

₹675 Cr

Operating Profit · Mar 2026

+88.4% YoY

42.7%

OPM % · Mar 2026

-39.5% YoY

₹403 Cr

Net Profit · Mar 2026

+494.1% YoY

₹0.38

EPS · Mar 2026

+533.3% YoY

📝 GMR AIRPORTS LIMITED — results explained

Quarter ended March 2026 (Q4 FY26)

GMR AIRPORTS LIMITED reported revenue of ₹1,581 crore for the quarter ended March 2026 (Q4 FY26), up 211.4% from ₹508 crore in the same quarter last year, and up 27.6% sequentially over the December 2025 quarter.

Net profit rose 494.1% year-on-year to ₹403 crore, from ₹68 crore. Earnings per share (EPS) came in at ₹0.38.

Operating profit stood at ₹675 crore — an operating margin (OPM) of 42.7%, compared with 70.6% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, GMR AIRPORTS LIMITED posted revenue of ₹4,243 crore, a growth of 236.0% over FY25, with a net profit of ₹142 crore.

On a trailing-twelve-month (TTM) basis, revenue stands at ₹4,243 crore with a net profit of ₹142 crore.

Valuation snapshot

At the current price of ₹89.50, GMRAIRPORT has a market capitalisation of ₹94,503 crore and a P/E that is not meaningful, because trailing profit is close to zero.

Within the Industrials sector, it is the 14th-largest of the 82 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 67.16%, foreign institutional investors (FIIs) 21.74%, domestic institutional investors (DIIs) 5.13%, public shareholders 5.97% of GMR AIRPORTS LIMITED.

Promoter holding rose from 66.33% to 67.16% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹94,503 Cr

Current Price ?

₹89.5

P/E ?

n/m

Industry P/E ?

N/A

P/B ?

1.59

P/S ?

22.27

P/FCF ?

4,973.83

Enterprise Value ?

₹105,656 Cr

EV/EBITDA ?

77.35

PEG ?

n/m

Earnings Yield ?

1.2%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹4,243 Cr

OPM ?

32.2%

Profit after tax (TTM) ?

₹142 Cr

EPS (TTM) ?

₹0.13

ROCE ?

2.0%

ROE ?

0.2%

ROA ?

0.2%

Growth

Sales — latest qtr ?

₹1,581 Cr

PAT — latest qtr ?

₹403 Cr

YoY qtr sales growth ?

211.4%

YoY qtr profit growth ?

494.1%

Sales growth (3y) ?

90%

Sales growth (5y) ?

N/A

Profit growth (3y) ?

32%

Profit growth (5y) ?

16%

Financial Health

Debt ?

₹11,153 Cr

Debt to Equity ?

0.19

Interest Coverage ?

1.0

Current Ratio ?

N/A

Ownership

Promoter holding ?

67.16%

Change in promoter holding ?

0.92%

Pledged percentage ?

N/A

Market

Return 3 months ?

-19.0%

Return 6 months ?

-7.6%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	YoY %	QoQ %
Sales	28	150	65	197	27	202	282	271	508	478	945	1,239	1,581	+211.4%	+27.6%
Operating Profit	-30	81	46	80	-0	89	114	121	358	109	239	343	675	+88.4%	+96.8%
Other Income	11	1	0	0	7	0	108	0	2	13	3	8	16	+592.6%	+100.0%
Interest	46	183	25	272	18	228	281	165	288	297	384	281	292	+1.3%	+3.9%
Depreciation	0	2	2	4	1	4	4	5	4	4	13	20	20	+423.6%	+0.0%
Profit Before Tax	56	-103	20	-195	44	-143	-64	-49	68	-178	-155	50	379	+458.7%	+658.0%
Net Profit	56	-105	19	-197	44	-146	-63	-49	68	-178	-133	50	403	+494.1%	+706.0%
EPS	0.09	-0.17	0.03	-0.33	0.07	-0.24	-0.06	-0.05	0.06	-0.17	-0.13	0.05	0.38	+533.3%	+660.0%
OPM %	-105.0%	54.0%	70.8%	40.6%	-0.5%	44.1%	40.4%	44.6%	70.6%	22.8%	25.3%	27.7%	42.7%	-39.5%	+54.2%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹1,263 Cr	₹4,243 Cr	₹4,243 Cr	+236.0%
Operating Profit	₹682 Cr	₹1,366 Cr	₹1,366 Cr	+100.2%
OPM %	54.04%	32.19%	32.19%	-40.4%
NPM %	-15.06%	3.35%	3.35%	+122.2%
Other Income	₹110 Cr	₹40 Cr	₹40 Cr	-63.7%
Depreciation	₹17 Cr	₹57 Cr	₹57 Cr	+238.9%
Interest	₹962 Cr	₹1,254 Cr	₹1,254 Cr	+30.3%
EBIT	₹666 Cr	₹1,309 Cr	₹1,309 Cr	+96.7%
PBT	₹-188 Cr	₹96 Cr	₹96 Cr	+151.0%
Tax	—	—	—	—
Net Profit	₹-190 Cr	₹142 Cr	₹142 Cr	+174.7%
EPS	₹-0.29	₹0.13	₹0.13	+144.8%
Material Cost	₹2 Cr	—	—	—
Employee Cost	₹16 Cr	—	—	—
Extraordinary Items	₹-1 Cr	—	—	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	945	945	1,056	1,056	+0.0%
Reserves	33,134	52,433	52,734	58,508	+10.9%
Borrowings	7,995	8,094	9,046	11,153	+23.3%
Other Liabilities	10,366	16,296	10,246	11,810	+15.3%
Total Liabilities	52,441	77,768	73,082	82,526	+12.9%
Fixed Assets	7	215	210	930	+342.9%
CWIP	46	7	2	20	+900.0%
Investments	47,850	74,491	69,613	77,380	+11.2%
Other Assets	4,537	3,055	3,258	4,196	+28.8%
Total Assets	52,441	77,768	73,082	82,526	+12.9%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	2	-66	413	103	-75.1%
Cash from Investing Activity	209	-1,203	-1,132	-230	+79.7%
Cash from Financing Activity	2,112	-1,161	704	217	-69.2%
Net Cash Flow	2,323	-2,430	-16	90	+662.5%
Free Cash Flow	-40	-106	404	19	-95.3%
CFO/OP	-27%	-16%	60%	8%	-86.7%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	57	64	48	17	-64.6%
Inventory Days	—	—	—	221	—
Days Payable	—	—	—	249	—
Cash Conversion Cycle	57	64	48	-12	-125.0%
Working Capital Days	-2,166	24	35	26	-25.7%
ROCE %	2%	1%	1%	2%	+100.0%

👥 Shareholding (latest 5 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	% Chg
Promoters	66.24%	66.24%	66.24%	66.33%	67.16%	+1.3%
FIIs	15.74%	17.08%	18.96%	20.17%	21.74%	+7.8%
DIIs	4.45%	4.80%	4.59%	4.93%	5.13%	+4.1%
Public	13.56%	11.88%	10.19%	8.56%	5.97%	-30.3%
No. of Shareholders	8,14,655	7,61,800	7,20,205	6,94,272	6,76,526	-2.6%

⚖️ Peer comparison

Sector: Industrials · top 25 of 82 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	LT Larsen & Toubro	₹3,930.70	540,812	32.6	290,137	19,624	10.6%	6.8%	11.8%	7.2%	6.7%	15.5%
2	ADANIPORTS Adani Ports	₹1,753.90	404,091	30.3	40,431	13,121	59.1%	32.5%	24.6%	15.6%	18.6%	10.2%
3	HAL Hindustan Aeronautics	₹4,905.00	328,034	35.2	33,785	9,321	29.6%	27.6%	6.8%	9.0%	14.4%	14.9%
4	BEL Bharat Electronics	₹404.35	295,571	48.1	28,689	6,147	28.6%	21.4%	15.9%	13.9%	25.6%	8.8%
5	INDIGO InterGlobe Aviation	₹4,973.00	192,289	—	89,049	-4,808	11.3%	-5.4%	5.1%	-133.0%	19.9%	-110.9%
6	BHEL Bharat Heavy	₹431.00	150,077	52.1	37,781	2,878	10.1%	7.6%	19.2%	199.6%	23.8%	118.9%
7	ABB ABB India	₹6,927.00	146,789	49.1	13,477	2,988	14.1%	22.2%	8.0%	57.9%	12.1%	2.9%
8	CGPOWER CG Power	₹909.00	143,208	114.5	12,821	1,240	12.8%	9.7%	25.3%	23.1%	14.0%	15.5%
9	SIEMENS Siemens	₹3,957.00	140,917	46.9	14,754	3,007	9.8%	20.4%	-26.3%	-50.6%	8.4%	406.2%
10	CUMMINSIND Cummins India	₹5,070.00	140,540	59.4	12,662	2,366	20.4%	18.7%	16.4%	18.0%	19.8%	0.9%
11	POWERINDIA Hitachi Energy	₹30,760.00	137,105	119.2	9,163	1,149	15.5%	12.5%	27.6%	157.4%	68.6%	122.8%
12	POLYCAB Polycab India	₹8,241.00	124,138	39.3	34,609	3,203	13.5%	9.3%	28.9%	32.5%	52.8%	42.9%
13	GVT&D GE Vernova	₹4,548.10	116,453	89.2	6,712	1,305	26.2%	19.4%	44.6%	102.5%	38.1%	24.7%
14	GMRAIRPORT GMR Airports	₹97.98	103,457	290.6	14,807	472	38.9%	3.2%	42.2%	157.7%	37.5%	258.1%
15	ASHOKLEY Ashok Leyland	₹163.75	96,184	27.7	57,723	3,731	19.0%	6.5%	16.1%	10.0%	11.6%	1.5%
16	MAZDOCK Mazagon Dock	₹2,339.00	94,351	33.0	13,323	2,854	19.3%	21.4%	13.8%	14.2%	12.1%	21.7%
17	JSWINFRA JSW Infrastructure	₹339.15	78,519	47.9	5,582	1,515	48.3%	27.1%	19.8%	1.7%	18.1%	-8.2%
18	APARINDS APAR Industries	₹17,940.00	75,119	61.0	24,389	1,181	8.9%	4.8%	23.3%	18.9%	29.1%	77.8%
19	SRF SRF	₹2,482.40	73,580	34.0	17,001	2,162	22.5%	12.7%	7.4%	46.7%	31.8%	75.5%
20	HAVELLS Havells India	₹1,111.00	69,722	42.6	23,576	1,632	9.2%	6.9%	3.4%	15.0%	19.5%	-16.6%
21	SUZLON Suzlon Energy	₹44.12	60,646	19.2	17,429	3,144	17.3%	18.0%	53.9%	52.7%	22.8%	-5.8%
22	TIINDIA Tube Investments	₹2,600.10	50,331	76.2	23,754	1,109	9.5%	4.7%	17.4%	6.4%	17.1%	-3.0%
23	CPPLUS ADITYA INFOTECH	₹3,832.00	45,333	94.4	4,884	477	14.5%	9.8%	—	—	89.5%	332.5%
24	KEI KEI Industries	₹4,578.00	43,766	43.9	12,342	997	11.1%	8.1%	20.8%	31.8%	23.0%	40.0%
25	BDL Bharat Dynamics	₹1,190.00	43,621	83.7	2,766	521	12.7%	18.8%	-27.0%	-23.6%	130.8%	547.4%

❓ Frequently asked questions

What was GMR AIRPORTS LIMITED's revenue in Q4 FY26?

What was GMR AIRPORTS LIMITED's net profit in Q4 FY26?