GMR Airports Ltd
GMR Infrastructure is mainly engaged in development, maintenance and operation of airports, generation of power, coal mining and exploration activities, development of highways, development, maintenance and operation of special economic zones, and construction business including Engineering, Procurement and Construction (EPC) contracting activities.(Source : 201903 Annual Report Page No: 145)
Strengths
- +Company is expected to give good quarter
Weaknesses
- −Company has low interest coverage ratio.
- −Company has a low return on equity of -1.15% over last 3 years.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 59.07% | 66.07%▲7.0 | 66.07% | 66.24%▲0.2 | 66.24% | 66.24% | 66.24% | 66.33%▲0.1 |
| FIIs | 25.98% | 14.81%▼11.2 | 14.86%▲0.0 | 15.09%▲0.2 | 15.74%▲0.7 | 17.08%▲1.3 | 18.96%▲1.9 | 20.17%▲1.2 |
| DIIs | 5.74% | 4.46%▼1.3 | 4.32%▼0.1 | 4.13%▼0.2 | 4.45%▲0.3 | 4.8%▲0.3 | 4.59%▼0.2 | 4.93%▲0.3 |
| Public | 9.21% | 14.65%▲5.4 | 14.74%▲0.1 | 14.55%▼0.2 | 13.56%▼1.0 | 11.88%▼1.7 | 10.19%▼1.7 | 8.56%▼1.6 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 65 | 197 | 297 | 202 | 282 | 271 | 508 | 478 | 945 | 1,239 |
| Expenses | 19 | 117 | 199 | 114 | 168 | 150 | 149 | 368 | 706 | 895 |
| Operating Profit | 46 | 80 | 98 | 89 | 114 | 121 | 358 | 109 | 239 | 343 |
| OPM % | 70% | 41% | 33% | 44% | 40% | 44% | 71% | 23% | 25% | 28% |
| Net Profit | 19 | -197 | -150 | -146 | -63 | -49 | 68 | -178 | -133 | 50 |
| EPS ₹ | 0.03 | -0.33 | -0.25 | -0.24 | -0.06 | -0.05 | 0.06 | -0.17 | -0.13 | 0.05 |
AI Insights
TTM revenue at ₹3,169Cr, up 150.9% YoY. OPM at 33%.
Borrowings at ₹10,993Cr. Debt-to-equity ratio: 0.21x. Healthy balance sheet.
CWIP at ₹9Cr (1% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 4.93% (+0.50pp change). FIIs: 20.17% (-7.98pp change). Promoters hold 66.33%.
ROCE declining from 2% (Mar 2014) to 1% (Mar 2025). Working capital days: 35.
Recent Announcements
- Monthly Traffic Updates 2d - April 2026 traffic update: 10 mn pax, FY26 121.6 mn highest-ever; Bhogapuram 99.2% complete, completion by 30 Jun 2026.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 24 Apr - GMR Airports says it is not a Large Corporate; no FY26-27 or FY25-26 disclosure required.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Apr - Newspaper Advertisement - Special Window for Transfer and Dematerialisation of Physical Securities
- Monthly Traffic Updates 15 Apr - March 2026 traffic update shows record FY26 passenger and cargo milestones across airports.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Apr - Intimation of Schedule of Meetings with Institutional Investors at Conference
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse