India's GMR Airports falls after March passenger traffic logs decline

GMR Airports (India)

16/04/2026 09:09

** Shares of India's GMR Airports GMRI.NS fall about 2.5% to 96.80 rupees

** Airports operator says March total passenger traffic fell 1.5% y/y to 10.41 million, total aircraft movements slipped 1.3% y/y to 36,760

** Co operates major airports in Delhi, Hyderabad and Goa, which together account for the bulk of its India passenger traffic

** Hyderabad passenger traffic declined 12% y/y, Delhi down 0.2% y/y, Goa rose 9.5% y/y

** Co says traffic hit by instability in the Middle East

** GMRI rated "strong buy" on average by 7 analysts, median PT at 120 rupees - data compiled by LSEG

** YTD, stock down about 5%

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))