Noida Toll Bridge Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
NOIDATOLL · price
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Noida Toll Bridge Company submitted its Q1 FY26 (quarter ended June 30, 2025) standalone and consolidated unaudited results. Revenue from operations stood at ₹1,052 lakhs versus ₹1,000 lakhs in Q1 FY25, while the company swung to a net profit of ₹417 lakhs compared to a loss of ₹539 lakhs a year ago, taking EPS to ₹0.22 versus (₹0.29). The year-on-year improvement is largely because Q1 FY25 carried an unusually high depreciation/charge of ₹938 lakhs, whereas Q1 FY26 depreciation was only ₹16 lakhs. The Board also approved the appointment of M/s Kumar Wadhwa & Company as secretarial auditor for five years (FY26–FY30) and the notice of the 29th AGM. Notes reiterate that toll collection on the DND Noida bridge has been suspended since October 2016 following a Supreme Court ruling, and the company impaired its intangible asset of ₹23,250 lakhs in FY25 as a result. A massive tax dispute continues – total income tax demands of around ₹2,31,266 lakhs (~₹2,313 crores) are disputed, with no provision made, though recent ITAT and CIT(A) orders have largely gone in the company's favour.
Q1 FY26 marks a return to profitability, but the small absolute profit (~₹417 lakhs) underlines the company's weakened earnings power since toll collection was halted in 2016. The huge contingent tax liability remains the single biggest risk for shareholders even though recent rulings have been favourable. Investors should view this as a modest operational update rather than a sign of structural recovery, as the core toll business continues to remain suspended.