GMR Airports Ltd reported a 40% revenue increase to ₹15,200 crore for the fiscal year ended March 2026, surpassing Adani Airports Holdings Ltd, which posted 28% growth, according to livemint.com. The revised tariffs for international passengers at Delhi airport played a significant role in boosting GMR’s revenue, widening its lead among India’s private airport operators.
The revenue growth reflects GMR’s strategic focus on expanding and monetising its airport assets, including Delhi, Hyderabad, and Mopa airports. The company accelerated the opening of new terminals and implemented tariff revisions that enhanced income from international passengers. In contrast, Adani Airports followed a different expansion approach, resulting in comparatively slower revenue growth.
This performance gap highlights the contrasting strategies of India’s two largest private airport operators amid a growing aviation market. GMR’s tariff adjustments at Delhi airport, one of the country’s busiest hubs, have strengthened its competitive position. The revenue figures underscore the importance of tariff policies and infrastructure development in driving profitability in the airport sector.
Looking ahead, GMR is expected to continue leveraging its airport portfolio and tariff structures to sustain growth. The company’s plans to further develop airport infrastructure and optimise revenue streams will be closely watched by industry participants. The evolving dynamics between GMR and Adani Airports will remain a key focus in India’s private airport operations landscape.