NEW DELHI, May 28 -- GMR Airports Ltd outpaced rival Adani Airports Holdings Ltd in FY26 revenue growth, aided by revised tariffs for international passengers at Delhi airport, widening its lead among India's private airport operators.

GMR Airports reported 40% revenue growth in FY26, while Adani Airports Holdings Ltd posted 28% growth, as per company disclosures. The differing performance reflects the contrasting expansion and monetisation strategies of India's two largest private airport operators.

GMR, which operates Delhi, Hyderabad and Mopa airports, also brought forward the opening of its fourth airport at Bhogapuram in Andhra Pradesh to the July-September quarter from October-December. It is also planning to take over operations ...