INDIA. Commercial revenues prospered as GMR Airports Limited (GAL) turned in a strong first-quarter performance for its 25/26 financial year with total income surging +32% year-on-year to INR3,321 crores (US$379.9 million) and EBITDA increasing +26% to INR1,280 crores (US$146.4 million).
GAL operates numerous airports at home and abroad as well as related services, including duty-free and specialist retail, food & beverage, cargo, car parking and other services.
Non-aero income per passenger at the key airports of Indira Gandhi International, Delhi and Rajiv Gandhi International, Hyderabad rose +10% year-on-year and +4% quarter-on-quarter (see graphics above and below). Non-aero and adjacency businesses witnessed strong growth, the company said, driving healthy EBITDA and cash flow generation. ✈
