Profit Slump at GMR Airports Amid Labour Law Costs
GMR Airports Ltd reported a 14% decline in profit due to one-time expenses, including costs from new labour laws. Despite this, the company's total income increased significantly. The termination of agreements with Celebi also contributed to financial adjustments. Passenger traffic at DIAL-owned airports hit record numbers.
- Country:
- India
GMR Airports Ltd's consolidated profit after tax dropped by 14% to Rs 173.96 crore in the quarter ending December 2025, primarily due to one-time expenses related to new labour laws. This includes Rs 113.47 crore from ending a deal with Turkey's Celebi.
The company's income rose to Rs 4,082.77 crore, up from Rs 2,748.22 crore the previous year, despite increased total expenses reaching Rs 2,293.49 crore. The revoked security clearance of Celebi's entities in India led to further financial adjustments.
DIAL-owned airports achieved record passenger traffic in the December quarter, with Delhi airport alone handling 20.8 million passengers. Notably, DIAL reported a profit of Rs 231 crore, a significant improvement from a Rs 243 crore loss in the previous year.
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