Explore Business Standard
Associate Sponsors
Co-sponsor
GMR Airports Ltd (GAL) on Friday reported a 14 per cent decline in consolidated profit after tax at Rs 173.96 crore in the three months ended December 2025, mainly due to higher expenses. The company, which operates Delhi, Hyderabad and a few other airports, had a profit after tax of Rs 202.10 crore in the year-ago period. According to a regulatory filing, GMR Airports' total income surged to Rs 4,082.77 crore in the third quarter of the current financial year from Rs 2,748.22 crore in the same period a year ago. In the latest December quarter, total expenses of the company rose to Rs 2,293.49 crore. GAL-owned airports handled record 31.9 million passengers in the December quarter, with Delhi airport handling 20.8 million passengers. Delhi International Airport Ltd (DIAL), the consortium led by the GMR Group, recorded a profit after tax of Rs 231 crore in the 2025 December quarter, swinging into the black from a loss of Rs 243 crore in the year-ago period. The release said DIAL's
GMR Airports Ltd on Wednesday said its subsidiary GMR Hyderabad International Airport Ltd will buy 70 per cent stake in its associate company ESR GMR Logistics Park Pvt Ltd for a little over Rs 41 crore. GMR Hyderabad Aerotropolis Ltd (GHAL), a wholly owned subsidiary of GMR Hyderabad International Airport, already holds 30 per cent stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL). For the transaction, GMR Hyderabad International Airport has entered into a share purchase agreement with other shareholders. "Upon conclusion of the transaction, EGLPPL would become a wholly owned subsidiary of GHIAL," a regulatory filing said. EGLPPL, an associate company of GMR Hyderabad International Airport, is into development of warehousing and logistics park in Hyderabad. The transaction will be in furtherance to GMR Hyderabad International Airport's strategy of airport land development at Hyderabad such as building and creating diversified asset portfolios of industrial & warehousing, ...
GMR Airports Ltd on Friday said it has hiked its stake in Delhi airport operator DIAL to 74 per cent after completing the acquisition of 10 per cent shareholding from Germany's Fraport. Last September, the company, which is part of the GMR Group, announced entering into a share purchase agreement with Fraport AG Frankfurt Airport Services Worldwide for buying the 10 per cent stake in Delhi International Airport Ltd (DIAL) for USD 126 million. "On receipt of requisite approvals and fulfilment of conditions precedent, the process of transfer of shares and exchange of consideration between the company and Fraport has been concluded. "Post this acquisition, the company's shareholding in DIAL now stands increased from 64 per cent to 74 per cent," GMR Airports said in a regulatory filing on Friday. Airports Authority of India (AAI) holds the remaining 26 per cent stake in DIAL, which operates the Indira Gandhi International Airport in the national capital and that is also the country's .
GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis. The management committee of the company's board on Tuesday allotted 1,10,000 rupee-denominated listed, unsecured, rated, redeemable non-convertible bonds on the private placement basis on receipt of Rs 1,100 crore, according to a regulatory filing. The bonds have a coupon rate of 5 per cent and a tenure of 36 months. The coupon shall be payable annually until the date of redemption and the bonds do not carry any special right/interest/privileges, the filing said. GMR Airports operates three airports in India -- Delhi, Hyderabad and Goa -- and two airports in the Philippines and Indonesia.