New Plan for Old Bonds.. What Is GMR Up To?

GMR Airports Ltd reported a net profit of Rs 148 crore on revenue of Rs 4,085 crore in the June quarter, compared with a loss of Rs 137.11 crore on revenue of Rs 3,321.23 crore in the corresponding quarter of 2025-26. The company’s board has approved raising up to Rs 5,000 crore through the issuance of securities to meet strategic requirements. It has also approved the issuance of new non-convertible debentures worth Rs 1,500 crore as part of the restructuring of existing bonds.

The duty-free businesses launched at Delhi and Hyderabad airports supported the company’s non-aeronautical revenue growth. GHIAL acquired a 70% equity stake in GMR Logistics Park, making it a wholly owned subsidiary. GMR Airports also secured the licence for the Celebi Group’s cargo terminal at Delhi Airport and entered into a new agreement. Managing Director and CEO Grandhi Kiran Kumar said the company plans to expand airport services and strengthen its revenue streams. Meanwhile, 7.1 million passengers travelled through Hyderabad’s Rajiv Gandhi International Airport during April-June, compared with 8.1 million in the same period last year. The company attributed the decline partly to West Asia uncertainties and higher airfares.