GMR Airports Ltd: History, Latest Updates, Milestones, Subsidiaries, and Share Price
INTRODUCTION
GMR Airports Limited (GAL) is a leading global airport platform company known for building and operating modern, sustainable airports across India and Southeast Asia. Managing key gateways such as Delhi, Hyderabad, Goa, and Medan, the company also offers integrated aviation services under its “GMR AERO” brand, spanning duty-free, retail, F&B, cargo, car parking, and airport O&M. GAL further strengthens its aviation ecosystem through its Aerotropolis developments and India’s largest third-party MRO facility.
With Groupe ADP joining as a strategic partner in 2020, GAL has expanded its global capabilities while driving digital innovation through GMR Innovex and aviation skill development through GMR Aero Academy. Handling over 121 million passengers in FY24, the company continues to earn strong global service rankings, reflecting its operational excellence and industry leadership. The movement of the GMR Airports Share Price mirrors this steady progress and long-term growth trajectory.
This article explores GMR Airports Ltd’s history, milestones, subsidiaries, latest updates, and market relevance in the aviation sector.
GMR Airports Ltd moves in 2025:
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January 2025
GMR Airports began the year with strong traffic growth, recording an 11% YoY rise in passengers and a 9% increase in aircraft movements. The company posted a Q3 FY25 net profit of ?202.1 crore, supported by 19% revenue growth and improved margins. These developments kept the GMR Airports Share Price steady, supported by strong operational momentum.
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February 2025
Passenger volumes continued to rise in February, crossing 10.1 million—up 12.9% YoY. Both domestic and international traffic grew at a healthy pace, backed by new routes and sustained demand. Record aircraft movements further strengthened the company’s operational outlook, adding stability to the GMR Airports Share Price.
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April 2025
Sentiment improved in April after Citi initiated coverage with a “Buy” rating and a target price of ?90. The brokerage cited tariff benefits, rising traffic, and better cash flow visibility. This endorsement boosted investor confidence and supported the stock’s upward trend.
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May 2025
Jefferies raised its target price to ?100 following a strong Q4 FY25 performance. The firm highlighted higher non-aero revenue, better real-estate monetization, and a positive FY26 outlook. These factors contributed to improved market sentiment surrounding the company.
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July 2025
In July, the company’s stock touched a nine-month high of around ?95, helping GMR Airports regain a ?1 trillion market cap. CARE Ratings upgraded its long-term and short-term outlook to A; Stable / A1, reflecting stronger traffic recovery and revenue visibility.
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August 2025
The board approved plans to raise up to ?5,000 crore through equity or debt to support expansion and strengthen liquidity. It also cleared the creation of a dedicated SPV for developing a Cargo City at Delhi Airport. Additionally, a ?6,000 crore NCD issue was planned to refinance existing liabilities.
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September 2025
GMR Airports launched duty-free operations at Hyderabad Airport and delivered a strong Q2 FY26 performance with a 45% YoY rise in total income and a 59% jump in EBITDA. The company reported positive PBT for the first time in over three years. Passenger traffic reached 27.8 million across its airports. The Bhogapuram Airport project neared completion, achieving nearly 87.5% physical progress and receiving “Major Airport” status from AERA.
Evolution of GMR Airports Ltd : From Past to Present:
Past:
GMR Airports’ journey began in the early 2000s when the GMR Group entered the aviation sector after building its foundation in infrastructure and energy. The company won its first major airport project in 2003 with the Hyderabad Airport bid, followed by the Delhi Airport concession in 2006. Over the years, GAL steadily expanded its capabilities across airport development, aeronautical services, real estate, and MRO operations. These early milestones laid the foundation for GAL to emerge as one of the largest airport operators in Asia, backed by a strong focus on operational efficiency and long-term infrastructure development.
Present:
Today, GMR Airports Ltd stands as a leading global airport platform company managing high-traffic hubs such as Delhi, Hyderabad, and Goa, while also operating and advising airports across Southeast Asia. The company continues to deliver strong financial performance, supported by rising passenger volumes, healthy non-aero revenue, and improved operating margins. GMR is also expanding into new areas such as Cargo City development, integrated duty-free operations, and advanced digital solutions through GMR Innovex. With major projects like the Bhogapuram International Airport nearing completion and strong global recognition for service excellence, the company remains firmly positioned for sustained growth and innovation in the aviation sector.
|
Name |
GMR Airports Ltd |
|
Founded year |
1996 |
|
Key People |
G. M. Rao (chairman) Grandhi Kiran Kumar (managing director) |
|
Subsidiaries |
Delhi Cargo Private Limited Delhi International Airport Limited Gmr Airport Developers Limited GMR Energy Trading Limited GMR HIGHWAYS Limited And many more… |
|
Headquarters |
New Delhi, India |
|
Sector |
Airport Management Services |
|
Nse code |
GMRAIRPORT |
|
Bse code |
532754 |
Timeline of GMR Airports Ltd :
|
Period |
Key Milestones |
|
1996–2004 |
Incorporated in 1996; entered power projects; expanded into EPC and roads; won Hyderabad Airport bid in 2003. |
|
2005–2010 |
Won Delhi Airport concession; listed on BSE/NSE; expanded into highways and overseas airports including Mactan-Cebu. |
|
2010–2014 |
Entered solar power; won Mopa Airport (Goa); secured international and rail EPC projects; continued airport modernisation. |
|
2015–2018 |
Launched Cebu Terminal 2; advanced Goa Airport; won Heraklion Airport (Greece); expanded Hyderabad & Delhi capacity. |
|
2019–2021 |
Expanded routes and cargo; signed strategic partnership with Groupe ADP (49% stake); demerged non-airport businesses and became India’s first listed airport company. |
|
2022–2023 |
New arrival terminal at Delhi; began operating Medan Airport (Indonesia); Mopa Airport began domestic and international operations. |
|
2023–2024 |
Major runway and terminal upgrades at Delhi & Hyderabad; merged into GMR Infrastructure Ltd; opened new Hyderabad T1. |
|
2024–2025 |
Acquired 8.40% stake in WAISL; started duty-free operations at Delhi Airport from July 2025. |
Inside GMR Airports Ltd:
GMR Airports Ltd
Corporate actions: GMR Airports Ltd has declared two dividends to date, with the last payout of ?0.10 per share announced in September 2014. Although dividend activity has been limited, investor focus remains on the company’s traffic recovery and expansion plans, which continue to guide the GMR Airports share price trend.
The most recent board meeting was held on 13 November 2025 to review quarterly results, reflecting the company’s regular financial disclosures and governance practices.
Main News:
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July 2025
GMR Airports reported a consolidated net loss of about ?212 crore for Q1 FY26, even as revenues grew strongly. The company also announced plans to raise up to ?6,000 crore through non-convertible debentures to refinance existing debt.
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September 2025
The company incorporated a wholly owned special purpose vehicle, GMR Cargo and Logistics Ltd, to execute the Cargo City project at Delhi Airport. The new entity was created with a paid-up capital of ?10 crore.
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October 2025
Delhi Airport, operated by GMR, recorded a 3.5% year-on-year decline in passenger traffic between April and October 2025, largely due to runway upgrades and temporary airspace restrictions.
Current GMR Airports Infrastructure Share Price NSE:
|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
GMR Airports Ltd |
Airport Management Services |
Achievements and Milestones:
Below is a year-wise snapshot of GMR Airports Ltd’s major achievements and industry recognitions.
|
Year |
Key Achievements & Awards |
|
2024 |
Delhi Airport ranked 9th busiest airport globally (ACI).• Delhi Airport won Best Airport in India & South Asia (Skytrax). |
|
2023 |
Hyderabad Airport achieved ACI Customer Experience Accreditation – Level 4.• Hyderabad Airport won Best Airport (15–25 MPPA) in Asia-Pacific (ACI-ASQ). |
|
2022 |
Delhi & Hyderabad Airports achieved Airport Carbon Accreditation Level 4/4+, strengthening ESG leadership. |
|
2021 |
Delhi Airport received ACI-ASQ Best Airport in Asia-Pacific (40+ MPPA).• Major sustainability milestones under UN Global Compact participation. |
|
2020 |
Delhi Airport received global recognition for COVID-19 safety measures and contactless travel initiatives. |
CONCLUSION
In conclusion, GMR Airports Ltd has evolved into one of Asia’s most influential airport developers and operators, backed by strong traffic growth, strategic partnerships, and its expanding presence in India and Southeast Asia. The company’s consistent operational improvements, global recognitions, and ongoing infrastructure upgrades are reflected in the steady performance of the GMR Airports Share Price, making it an appealing consideration for long-term investors in the aviation and infrastructure space.
For those tracking market movements and industry developments, staying updated with GMR infra latest news and share value of GMR infra provides deeper insight into the company’s financial direction and future opportunities.
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Frequently Asked Questions:
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Where can I find real-time updates on the GMR Airports share price?
Check the latest GMR Airports share price and live stock updates on Enrich Money’s stock here.
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What has been the trend of the GMR Airports share price over the past year?
The 52-week high of GMR Airports share price is Rs. 105.50, while the 52-week low of GMR Airports share price is Rs. 67.75.
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How has the GMR Airports share price evolved since its listing?
Since its market listing, the GMR Airports share price has moved in line with major milestones such as the Delhi and Hyderabad airport expansions, international partnerships, and the company’s transformation into a dedicated airport platform.
Does GMR Airports Ltd have a consistent dividend history?
GMR Airports Ltd has declared only two dividends since 2013, with the most recent payout of ?0.10 per share in 2014. While dividend activity has been limited, investors tracking the GMR Airports share price should note that the company has largely focused on long-term expansion, operational improvements, and debt optimisation rather than frequent dividend distributions.
What factors influence the GMR Airports share price the most?
Key factors include quarterly earnings, passenger traffic trends, regulatory updates, project progress, debt restructuring, and GMR infra share news related to expansion or fundraising activities.
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