Q3 results impact: GMR Airports shares surge 7%, FirstCry down 11%

Q3 results impact: GMR Airports shares surge 7%, FirstCry down 11%

• GMR Airports shares surged 7 percent after strong Q3 results
• FirstCry shares plunged over 11 percent, hitting a 52-week low
• GMR Airports Q3 revenue rose 50.5 percent YoY to Rs 3,994 crore

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The shares of GMR Airports sharply surged on February 16 after the company's strong Q3 results boosted investor sentiment. The shares of FirstCry-parent Brainbees Solutions meanwhile tumbled.

GMR Airports shares rallied nearly 7 percent to end the session on Monday at Rs 100.60 apiece, the highest closing level seen by the stock in more than a month.

On the other hand, FirstCry shares plunged over 11 percent to close at Rs 239.45 apiece. Earlier during the day, the stock dropped more than 12 percent to hit a fresh 52-week low of Rs 236.80 apiece.

GMR Airports Q3 Results:

GMR Airports reported consolidated revenue from operations at Rs 3,994 crore for the October-December quarter of the ongoing financial year 2026. This marks a 50.5 percent year-on-year rise from the Rs 2,653 crore revenue from operations reported in the corresponding quarter of the previous financial year.

The firm's net profit meanwhile declined around 14 percent YoY to Rs 173.96 crore in Q3 FY26, from Rs 202.1 crore in Q3 FY25.

Jefferies maintained its 'Buy' rating on the stock, with a target price of Rs 125 apiece. This implies an upside potential of nearly 33 percent from the stock’s previous closing price. The international brokerage said that the company delivered another strong quarterly earnings despite soft passenger traffic trends.

Citi reiterated its ‘Buy’ call on the stock, with a target price of Rs 109 apiece. This implies an upside potential of nearly 16 percent from the stock’s previous closing price.

FirstCry Q3 Results:

FirstCry-parent Brainbees Solutions on February 13 reported a consolidated net loss of Rs 28.43 crore for the third quarter of FY26, as against a net loss of Rs 7.79 crore reported in the corresponding quarter of the previous financial year.

The company’s quarterly losses widened due to quick-commerce-led discounting, supply disruptions and lower margins. This however included a one-time exceptional cost arising out of the implementation of the new labour codes which took effect last year.

The company's revenue from operations meanwhile rose nearly 12 percent YoY to Rs 2,423.63 crore during the quarter under review, from Rs 2,172.31 crore in the year-ago period. Adjusted EBITDA grew more than 11 percent to Rs 153.8 crore, while adjusted EBITDA margin slightly declined to 6.3 percent.

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