In the last December quarter, it recorded one-time expenses totaling Rs 183.12 crore, including Rs 113.47 crore related to the termination of the pact with Turkish entity Celebi and Rs 69.65 crore related to the impact of the new labor laws.A one-time gain was posted by the company in the December quarter of 2024.
GMR Airports’ total income rose to Rs 4,082.77 crore in the third quarter of the current fiscal from Rs 2,748.22 crore a year ago, according to a filing on Friday.
In the last quarter of December, the company’s total expenses rose to Rs 2,293.49 crore.
Meanwhile, in May 2025, the government revoked the security clearance of entities operating in India from the Celebi group. Subsequently, Delhi International Airport Ltd (DIAL) terminated the freight concession agreement with Celebi and Celebi Hava Servisi AS.
DIAL, which operates the Delhi airport, has derecognised the balances relating to rent equalization and the provision for annual compensation payable to AAI (Airports Authority of India) for the land lease agreement with Celebi, the filing said.
Also, DIAL had done a revaluation of the deposit refundable to Celebi, as per the requirements of Ind AS 109. “The net impact of the above items amounting to Rs 113.47 crore is disclosed as an ‘exceptional item’ in the consolidated financial results for the quarter and nine months ended December 31, 2025,” it added.
DIAL airports handled a record 31.9 million passengers in the December quarter, while Delhi airport handled 20.8 million passengers.
DIAL, the consortium led by GMR Group, posted a profit after tax of Rs 231 crore in the December 2025 quarter, ending in the black after a loss of Rs 243 crore in the year-ago period.
Profit after tax is the highest since the third quarter of the 2021-2022 financial year.
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