GMR Airports Limited announced on Monday that its Board of Directors will meet on Thursday, August 21, 2025, to consider a proposal for raising up to ₹5,000 crore.
Fundraising Details
According to the stock exchange filing, the fundraising will be taken up through an enabling resolution, giving the company flexibility to raise capital in one or more tranches. Possible instruments under consideration include:
- Qualified Institutional Placement (QIP)
- Foreign Currency Convertible Bonds (FCCBs)
- Other permissible securities under regulatory guidelines
The proposal, once cleared by the board, will be recommended to shareholders for approval, subject to necessary statutory and regulatory permissions.
Strategic Purpose
GMR said the move is aligned with its broader financing strategy aimed at strengthening the balance sheet and supporting long-term growth plans across its airport and infrastructure businesses.
Q1 FY26 Performance Recap
GMR Airports Limited reported strong growth in the first quarter of FY26:
- Revenue from operations: ₹3,205 crore (up 33.4% YoY from ₹2,402 crore)
- EBITDA: ₹1,306 crore (up 45.4% YoY from ₹898 crore)
- EBITDA margin: 40.7% vs. 37.4% in Q1 FY25
The quarter also included exceptional items such as provisions and reversals on investments, gains from asset right relinquishments, interest waivers, and investment disposals, with net exceptional expenses of ₹42 crore.
Outlook
The fundraising decision comes as GMR continues to optimize its capital structure and explore opportunities to expand and strengthen its airport infrastructure portfolio, both in India and internationally.
