GMR looks to make money from airports it doesn’t even own as passenger growth slows

Rival Adani Airport Holdings Ltd reported faster growth in business revenue. While total revenue increased by 28% ₹13,081 crore in FY26, non-aviation revenue up 32% ₹6,401 crore, accounting for almost half of the total revenue. The company, which operates airports in Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Thiruvananthapuram, Mangaluru, Guwahati and Jaipur, does not disclose financial statements on an airport basis.