GMR Airports Q4 traffic largely flat at 32 million; FY26 pax traffic crosses 121 million

GMR Airports Ltd on Wednesday (April 15) reported a 0.9% year-on-year increase in passenger traffic at around 32 million in Q4FY26, with domestic traffic at 24.1 million and international traffic at 7.7 million.

Domestic traffic grew 1.6% year-on-year during the quarter, while international traffic declined 1.3%. Passenger traffic has remained above 10 million every month since October 2025.

For FY26, GMR Airports handled over 121 million passengers, marking the highest-ever annual traffic. Domestic passenger traffic stood at 92 million, up 0.6% year-on-year, while international traffic reached 30 million, up 1.7%.
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Delhi airport handled its highest-ever air traffic movements (ATMs), with domestic ATMs at record levels, and cargo volumes crossing 1 million metric tonnes for the third time. Hyderabad airport recorded its highest-ever passenger traffic, ATMs, and cargo volumes, while Goa (GOX) also reported record passenger traffic and ATMs.

Traffic growth during FY26 remained muted, particularly in domestic travel, due to temporary disruptions in flight operations linked to changes in airspace conditions amid geopolitical instability in the Middle East since February 28, 2026. Additionally, runway upgradation at Delhi airport for three months impacted operations.

The upgraded runway reopened on September 16, 2025, and the upgraded Terminal 2 became operational on October 26, 2025.

Passenger traffic at Delhi airport has remained stable at around 7 million per month since November 2025. The total passenger decline for FY26 was equivalent to approximately 3.6 days of traffic at the airport.

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GMR Airports said Bhogapuram Airport, a greenfield project being developed by GMR Visakhapatnam International Airport Limited (GVIAL), is planned for completion by June 30, 2026. The airport will have a design capacity of 6 million passengers per annum (MPPA) in Phase 1.

Bhogapuram International Airport was declared a ‘Major Airport’ by AERA on August 29, 2025. The first control period of five years will run from April 1, 2027, to March 31, 2032.

Work is progressing across key components, with airside works nearly complete at around 100%, the terminal building at about 98.8%, and the air traffic control tower at approximately 95.8%. Overall project progress stood at around 98.7% as of March 31, 2026. GMR Visakhapatnam International Airport has also successfully conducted a validation flight at Bhogapuram.

Shares of GMR Airports Ltd ended at ₹99.24, up by ₹4.31, or 4.54%, on the BSE.

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