GMR Airports reports record air cargo volumes and new terminal, route deals

At Delhi (DIAL), H1FY27 cargo volumes reached 0.63 million tonnes, up 12% year on year; cargo revenue rose 15% to ₹2.8 billion and accounted for 14% of non-aeronautical revenue of ₹20.1 billion. Delhi Cargo reported total income of ₹2,368 million for Q2FY27, EBITDA of ₹676 million and PBT of ₹646 million; for H1FY27 it reported ₹4,707 million, EBITDA of ₹1,364 million and PBT of ₹1,319 million. GCLL signed a licence agreement with FedEx to operate a dedicated express cargo terminal at Cargo City; GAL received the Delhi cargo terminal concession from mid-May 2025 after the previous operator's security clearance was terminated.

At Hyderabad (GHIAL), cargo volumes were 52.0 thousand tonnes in Q2FY27 and about 102 thousand tonnes in H1FY27, described as record levels. The airport signed an MoU with Brussels Airport to strengthen air cargo connectivity with Europe. Its cargo subsidiary reported total income of ₹830 million, EBITDA of ₹321 million and PAT of ₹194 million for Q2FY27; for H1FY27 it reported ₹1,679 million, EBITDA of ₹708 million and PAT of ₹445 million. GHIAL also secured a TDSAT judgment to treat cargo, ground handling and fuel farm revenues as non-aeronautical.

Vizag (Bhogapuram) began commercial operations on 17 August 2026 with dedicated cargo capacity of 25,000 tonnes per year; in Q2FY27 its cargo income was ₹3 million, with an EBITDA loss of ₹9 million and a PBT loss of ₹11 million. Mopa (Goa) cargo income was ₹10 million in Q2FY27, with an EBITDA loss of ₹13 million and a PBT loss of ₹22 million; H1FY27 income was ₹23 million. Historical cargo CAGR was given as 4.1% at Hyderabad, 3.0% at Delhi and 2.8% at Nagpur.