GMR plans Rs 5,000 crore fundraise; board meet on August 21

GMR Airports Limited, formerly known as GMR Airports Infrastructure Limited, said the move is part of its broader financing strategy to strengthen its balance sheet and support growth plans.

GMR on Monday announced that its Board of Directors will meet on Thursday, August 21, 2025, to consider a proposal for raising up to Rs 5,000 crore.

In a stock exchange filing, the company said the fundraising plan would be taken up through an enabling resolution, allowing the company to raise capital in one or more tranches. The proposed modes include issuance of securities such as Qualified Institutional Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), or other permissible instruments.

The board will also recommend the proposal to shareholders for approval, subject to requisite statutory and regulatory clearances.

GMR Airports Limited, formerly known as GMR Airports Infrastructure Limited, said the move is part of its broader financing strategy to strengthen its balance sheet and support growth plans.

GMR Q1 results: A recap

GMR Airports Limited reported a strong performance in the first quarter, with revenue from operations rising 33.4% year-on-year to Rs 3,205 crore, compared to Rs 2,402 crore in the same period last year.

Operating profit also saw a sharp uptick, as EBITDA climbed 45.4% to Rs 1,306 crore, against Rs 898 crore in the year-ago quarter. The company’s EBITDA margin improved to 40.7% in Q1 FY26 from 37.4% a year earlier.

The quarter also saw several exceptional items, including provisions created and reversed on investments, gains from asset right relinquishments, interest waivers on borrowings, and investment disposals. Net exceptional expenses amounted to ₹42 crore during the period.