1st Quarter Results

Noida Toll Bridge

29/07/2013 10:32

RNS Number : 3518K

Noida Toll Bridge Co. Ltd.

29 July 2013

 



 

Noida Toll Bridge Company Limited

 

("NTBCL" or the "Company")

 

Quarterly Results

 

The Board of Directors of Noida Toll Bridge Company Limited ("NTBCL") approved the Company's results for the quarter ended June 30, 2013 today.

 

NTBCL has reported a Profit Before Tax (PBT) of Rs. 192.80 million for the quarter ended June 2013 against Rs. 163.63 million in the corresponding quarter of the previous year (18% increase).  The increase in PBT is mainly due to increase in traffic and revision of toll rates with effect from April 1, 2013.

 

The Average Daily Traffic (ADT) for the quarter ended June 2013 was 1,10,667 vehicles as compared to 1,07,267 vehicles in the corresponding quarter of the previous financial year showing an increase of around 3.17%. 

 

The increase in Toll Revenue for this quarter as compared to the corresponding quarter of the previous year is more than 18%.

 

For further details please contact:

 

Noida Toll Bridge Company Limited
Harish Mathur
00 91 120 2516380
Libertas Capital Corporate Finance Limited
Sandy Jamieson
00 44 203 697 9499

 

 

 

NOIDA TOLL BRIDGE COMPANY LIMITED
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2013
Rs in lacs
Sl.No.
Particulars
Quarter ended
Quarter ended
Quarter ended
Year ended
30.06.2013
31.03.2013
30.06.2012
31.03.2013
(Unaudited)
(Unaudited)
(Unaudited)
(Audited)
(1)
(2)
(3)
(4)
(5)
(6)
1
Income from operations
2,857.90
2,832.94
2,423.94
10,606.43
Total Revenue
2,857.90
2,832.94
2,423.94
10,606.43
2
Total Expenditure
a)O & M Expenses
255.46
263.83
220.40
953.92
b) Employee Benefit Expenses
66.34
60.60
91.03
245.56
c)Legal and Professional Charges
74.80
134.39
47.31
305.50
d) Rates & Taxes
122.05
144.44
116.07
503.62
e) Depreciation/Amortisation
50.75
45.54
45.41
182.72
f) Overlay
228.52
162.23
172.09
906.38
g)Other expenditure
56.38
183.61
33.52
331.29
Total Expenditure
854.30
994.64
725.83
3,428.99
3
Profit (+) / Loss (-) from Operations before Other Income, Finance cost & Exceptional items (1-2)
2,003.60
1,838.30
1,698.11
7,177.44
4
Other Income
118.50
138.09
206.53
697.32
5
Profit (+) / Loss (-) from ordinary activities before Finance Cost & Exceptional items (3+4)
2,122.10
1,976.39
1,904.64
7,874.76
6
Finance Cost
194.14
217.80
268.31
1,283.60
7
Profit (+) / Loss (-) from ordinary activities after Finance Cost but before Exceptional items (5-6)
1,927.96
1,758.59
1,636.33
6,591.16
8
Exceptional items
-
-
-
9
Profit (+) / Loss (-) from Ordinary Activities before tax (7-8)
1,927.96
1,758.59
1,636.33
6,591.16
10
Tax Expenses
630.00
631.60
532.86
2,379.83
11
Net Profit(+)/Loss(-) from Ordinary Activities after tax (9-10)
1,297.96
1,126.99
1,103.47
4,211.33
12
Extraordinary items (Net of tax expense)
-
-
-
13
Net Profit (+) / Loss (-) for the period (11-12)
1,297.96
1,126.99
1,103.47
4,211.33
14
Paid-up equity share capital
(Face Value Rs 10)
18,619.50
18,619.50
18,619.50
18,619.50
15
Paid-up Debt Capital
6,604.37
N/A
10,186.89
7,679.55
16
Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year
31,542.66
N/A
29,315.28
30,244.69
17
Debenture Redemption Reserve
376.01
N/A
294.90
353.95
18
Earning Per Share (before extraordinary items)
a
Basic
0.70
0.61
0.59
2.26
b
Diluted
0.70
0.61
0.59
2.26
Earning Per Share (after extraordinary items)
a
Basic
0.70
0.61
0.59
2.26
b
Diluted
0.70
0.61
0.59
2.26
19
Debt Equity Ratio
0.13
N/A
0.21
0.16
20
Debt Service Coverage Ratio (DSCR)
1.62
N/A
1.96
3.16
21
Interest Service Coverage Ratio (ISCR)
10.93
N/A
7.10
6.13
A
Particulars of Shareholding
1
Public Shareholding
- Number of Shares
137,054,920
137,054,920
137,054,920
137,054,920
- Percentage of Shareholding
73.61%
73.61%
73.61%
73.61%
2
Promoters and promoter group Shareholding
a
Pledged/Encumbered
- Number of Shares
NIL
NIL
NIL
NIL
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group)
N/A
N/A
N/A
N/A
- Percentage of Shares (as a % of the total share capital of the company)
N/A
N/A
N/A
N/A
b
Non-encumbered
- Number of Shares
49095007
49095007
49095007
49095007
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group)
100.00%
100.00%
100.00%
100.00%
- Percentage of Shares (as a % of the total share capital of the company)
26.37%
26.37%
26.37%
26.37%
B
Investors Complaints
3 months ended 30-June-2013
Pending at the beginning of the quarter
-
Received during the quarter
17
Disposed of during the quarter
17
Remaining unresolved at the end of the quarter
-
Notes:
1
The above results have been taken on record by the Board of Directors at a meeting held on July 29, 2013.
2
The Company had only one business segment and therefore reporting of segment wise information under Clause 41 of the Listing Agreement is not applicable.
3
New Okhla Industrial Development Authority has initiated preliminary discussion with the Company to consider modification of some of the tems and conditions of the Concession Agreement. Pending final outcome of such discussions the accounts have been prepared based on the extant Concession Agreement and after considering technical and economic life of the Bridge.
4
Coverage Ratios have been Calculated as under ;
a)
Debt Equity Ratio = Total Debt/(Paid-up Equity Share Capital + Reserves excluding Revaluation Reserve)
b)
Debt Service Coverage Ratio= Profit before Interest, Exceptional Items & tax / (Interest + Principal Repayment)
c)
Interest Service Coverage Ratio= Profit before Interest, Exceptional Items & tax / Interest Expenses
5
Previous period figures have been regrouped / reclassified wherever necessary.
As per our separate report of even date attached
For Luthra & Luthra
For and on behalf of the Board of Directors
Chartered Accountants
(Reg No.002081N)
Amit Luthra
Partner
Harish Mathur
(M.No. 85847)
Executive Director & CEO
Place : Noida
Place : Noida
Date : July 29, 2013
Date : July 29, 2013


 

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