Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended March 31, 2026 and Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations

Audit Opinion:

Unmodified opinion (clean) on both standalone and consolidated financial results

Key Financial Highlights [₹ in crore]:

Standalone Results:

Quarter ended March 31, 2026:

  • Revenue from Operations: ₹1,580.51 (including Dividend Income of ₹413.81 crore)
  • Total Income: ₹1,602.25
  • EBITDA: ₹696.25
  • Net Profit: ₹402.97
  • EPS (Basic): ₹0.38
  • EPS (Diluted): ₹0.31
  • Other Equity: ₹58,507.64 (as at March 31, 2026)
  • Cash and Cash Equivalents: ₹105.32
  • Total Debt: ₹10,626.05 (Non-current borrowings ₹8,753.11 + Current borrowings ₹1,872.94)

Year ended March 31, 2026:

  • Revenue from Operations: ₹4,242.26 (including Dividend Income of ₹494.00 crore)
  • Total Income: ₹4,295.74
  • EBITDA: ₹1,419.62
  • Net Profit: ₹142.05
  • EPS (Basic): ₹0.13
  • EPS (Diluted): ₹0.11

Comparatives (Quarter ended March 31, 2025):

  • Revenue from Operations: ₹507.72 (including Dividend Income of ₹230.10 crore)
  • Total Income: ₹510.03
  • EBITDA: ₹360.65
  • Net Profit: ₹67.83
  • EPS (Basic): ₹0.06
  • EPS (Diluted): ₹0.06

Comparatives (Year ended March 31, 2025):

  • Revenue from Operations: ₹1,263.40 (including Dividend Income of ₹270.98 crore)
  • Total Income: ₹1,267.08
  • EBITDA: ₹685.27
  • Net Profit: (₹190.74)
  • EPS (Basic): (₹0.19)
  • EPS (Diluted): (₹0.19)

Consolidated Results:

Quarter ended March 31, 2026:

  • Revenue from Operations: ₹3,938.16
  • Total Income: ₹4,042.90
  • EBITDA: ₹1,549.42
  • Net Profit: ₹400.49
  • EPS (Basic): ₹0.29
  • EPS (Diluted): ₹0.23
  • Total Equity: (₹1,549.17) (excluding equity share capital)

Year ended March 31, 2026:

  • Revenue from Operations: ₹14,807.41
  • Total Income: ₹15,200.75
  • EBITDA: ₹6,150.25
  • Net Profit: ₹472.39
  • EPS (Basic): ₹0.17
  • EPS (Diluted): ₹0.13

Comparatives (Quarter ended March 31, 2025):

  • Revenue from Operations: ₹2,863.34
  • Total Income: ₹2,976.76
  • EBITDA: ₹1,122.74
  • Net Profit: (₹252.66)
  • EPS (Basic): (₹0.13)
  • EPS (Diluted): (₹0.23)

Comparatives (Year ended March 31, 2025):

  • Revenue from Operations: ₹10,414.24
  • Total Income: ₹10,835.89
  • EBITDA: ₹4,187.58
  • Net Profit: (₹816.90)
  • EPS (Basic): (₹0.43)
  • EPS (Diluted): (₹0.43)

Segment-wise Performance:

The business activities fall within a single business segment in terms of Ind-AS 108 'Operating Segment' - designing, building and operating airports in India and overseas.

Corporate Actions:

  • Appointment of M/s. Narasimha Murthy & Co., Cost Accountants as the Cost Auditor of the Company for FY 2026-27
  • No dividend declared in this announcement

Other Significant Information:

Ongoing Litigations:

DIAL Matters:

  • MAF Dispute with AAI: Arbitral Award dated January 06, 2024 excused DIAL from MAF payment from March 19, 2020 to February 28, 2022. AAI appeal dismissed by Delhi High Court on March 07, 2025, with further appeal pending.
  • Tariff Matters: AERA tariff orders for CP3, CP4 with appeals pending before TDSAT and Supreme Court

GHIAL Matters:

  • Tariff disputes for FCP, SCP, TCP with appeals pending before TDSAT and Supreme Court

New Business Initiatives:

  • Delhi Duty Free Concession: Commenced operations from July 28, 2025
  • Hyderabad Duty Free Operations: Commenced from September 10, 2025 under Master Concession Agreement
  • Delhi Cargo Concession: Received Letter of Award from DIAL and entered into License Agreement on April 17, 2026 after Celebi's security clearance was revoked

Exceptional Items:

  • Standalone: ₹(13.29) crore loss for FY26 (mainly impact of new labor codes)
  • Consolidated: ₹(108.50) crore loss for FY26 (including impact of new labor codes and cancellation of Celebi contract)

Change in Accounting Estimate:

  • Useful life of Terminal & associated Buildings and other Buildings changed from 30 years to 50 years or till end of concession period, reducing depreciation charge by ₹150.97 crore for FY26

Financial Ratios (Standalone):

  • Networth: ₹59,563.54 crore
  • Debt Equity Ratio: 0.19 times
  • Debt Service Coverage Ratio: 2.36 times
  • Interest Service Coverage Ratio: 2.47 times
  • Current Ratio: 1.16 times
  • Net Profit Margin: 25.50% (Q4), 3.35% (FY)
  • Operating Margin: 44.05% (Q4), 33.46% (FY)

Financial Ratios (Consolidated):

  • Networth: (₹1,549.17) crore
  • Debt Equity Ratio: (27.94) times
  • Debt Service Coverage Ratio: 0.47 times
  • Interest Service Coverage Ratio: 1.63 times
  • Current Ratio: 0.77 times
  • Net Profit Margin: 10.17% (Q4), 3.19% (FY)
  • Operating Margin: 39.34% (Q4), 41.53% (FY)

Related Party Transactions:

Comprehensive disclosures provided for transactions with subsidiaries, associates, joint ventures and other related parties including DIAL, GHIAL, Celebi, and various GMR group entities.

Entities Included in Consolidation:

The consolidated financial results include 24 subsidiaries, 9 joint ventures, and 4 associates as listed in Annexure 1 of the report.