GMR Airports flags flat H1 FY27 passenger traffic, banks on Bhogapuram and Nagpur for ~5% growth
GMR guides to flat H1 FY27 passenger volumes as airline capacity constraints bite, with recovery expected in H2 led by new Bhogapuram and Nagpur airports adding ~5M pax. FY26 revenue rose 40% to ₹15,200 cr on Delhi tariff revisions; April pax fell 4% YoY to 9.3M, signaling near-term softness for airport retail concessionaires.
GMR Airports expects flat passenger traffic in H1 FY27 due to airline capacity constraints, projecting ~5% full-year growth aided by new Bhogapuram and Nagpur airports. FY26 revenue rose 40% to ₹15,200 crore on Delhi tariff revisions.