RNS Number : 4040R
Noida Toll Bridge Co. Ltd.
25 October 2013
Noida Toll Bridge Company Limited
Regd. Office : Toll Plaza, DND Flyway, Noida 201 301, Uttar Pradesh, India
The Board of Directors of Noida Toll Bridge Company Limited ("NTBCL") today approved the Company's results for the half year ended September 30, 2013.
NTBCL has reported a PBT of Rs. 352.60 million for the half year ended September 2013 as against Rs. 299.06 million in the corresponding half year of the previous year. The increase in PBT is mainly attributable to the increase in Toll Tariff with effect from April 1, 2013.
The profit after tax for the current half year has been Rs. 239.60 million compared to Rs. 182.97 million of the corresponding half year of the previous year.
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
AUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2013
(Rs. in Lacs)
(Rs. in Lacs)
Sl.No.
Particulars
Quarter ended
Quarter ended
Quarter ended
Half year ended
Half year ended
Year ended
30.09.2013
30.06.2013
30.09.2012
30.09.2013
30.09.2012
31.03.2013
(Audited)
(Unaudited)
(Audited)
(Audited)
(Audited)
(Audited)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
1
Income from operations
2,927.41
2,857.90
2,599.71
5,785.31
5,023.65
10,606.43
Total Revenue
2,927.41
2,857.90
2,599.71
5,785.31
5,023.65
10,606.43
2
Total Expenditure
a)O & M Expenses
248.54
255.46
234.99
504.00
455.39
953.92
b)Employee Benefit Expenses
71.18
66.34
32.51
137.52
123.54
245.56
c)Legal and Professional Charges
50.39
74.80
63.36
125.19
110.67
305.50
d) Rates & Taxes
296.37
122.05
116.94
418.42
233.01
503.62
e) Depreciation/Amortisation
50.24
50.75
45.97
100.99
91.38
182.72
f) Overlay
204.03
228.52
394.57
432.55
566.66
906.38
g)Other expenditure
71.13
56.38
59.22
127.51
92.74
331.29
Total Expenditure
991.88
854.30
947.56
1,846.18
1,673.39
3,428.99
3
Profit (+) / Loss (-) from Operations before Other Income, Finance cost & Exceptional items (1-2)
1,935.53
2,003.60
1,652.15
3,939.13
3,350.26
7,177.44
4
Other Income
120.86
118.50
259.52
239.36
466.05
697.32
5
Profit (+) / Loss (-) from ordinary activities before Finance Cost & Exceptional items (3+4)
2,056.39
2,122.10
1,911.67
4,178.49
3,816.31
7,874.76
6
Finance Cost
458.37
194.14
557.39
652.51
825.70
1,283.60
7
Profit (+) / Loss (-) from ordinary activities after Finance Cost but before Exceptional items (5-6)
1,598.02
1,927.96
1,354.28
3,525.98
2,990.61
6,591.16
8
Exceptional items
-
-
-
-
-
-
9
Profit (+) / Loss (-) from Ordinary Activities before tax (7-8)
1,598.02
1,927.96
1,354.28
3,525.98
2,990.61
6,591.16
10
Tax Expenses
500.00
630.00
628.04
1,130.00
1,160.90
2,379.83
11
Net Profit(+)/Loss(-) from Ordinary Activities after tax (9-10)
1,098.02
1,297.96
726.24
2,395.98
1,829.71
4,211.33
12
Extraordinary items (Net of tax expense)
-
-
-
-
-
-
13
Net Profit (+) / Loss (-) for the period (11-12)
1,098.02
1,297.96
726.24
2,395.98
1,829.71
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
18,619.50
18,619.50
15
Paid-up Debt Capital
N/A
N/A
N/A
5,365.74
9,518.03
7,679.55
16
Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year
N/A
N/A
N/A
N/A
N/A
30,244.69
17
Debenture Redemption Reserve
N/A
N/A
N/A
398.31
314.73
353.95
18
Earning Per Share (before extraordinary items)
a
Basic
0.59
0.70
0.39
1.29
0.98
2.26
b
Diluted
0.59
0.70
0.39
1.29
0.98
2.26
Earnings Per Share (after extraordinary items)
a
Basic
0.59
0.70
0.39
1.29
0.98
2.26
b
Diluted
0.59
0.70
0.39
1.29
0.98
2.26
19
Debt Equity Ratio
N/A
N/A
N/A
0.10
0.20
0.16
20
Debt Service Coverage Ratio (DSCR)
N/A
N/A
N/A
1.37
1.71
3.16
21
Interest Service Coverage Ratio (ISCR)
N/A
N/A
N/A
6.40
4.62
6.13
A
Particulars of Shareholding
1
Public Shareholding
- Number of Shares
137,054,920
137,054,920
137,054,920
137,054,920
137,054,920
137,054,920
- Percentage of Shareholding
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
2
Promoters and promoter group Shareholding
a
Pledged/Encumbered
- Number of Shares
NIL
NIL
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
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
N/A
N/A
b
Non-encumbered
- Number of Shares
49,095,007
49,095,007
49,095,007
49,095,007
49,095,007
49,095,007
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group)
100.00%
100.00%
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%
26.37%
26.37%
B
Investors Complaints
3 months ended 30-September-2013
Pending at the beginning of the quarter
-
Received during the quarter
16
Disposed of during the quarter
16
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 October 25, 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
The figures for the quarter ended September 30, 2013 are the balancing figures between audited figures in respect of the half year then ended and the published figures of the first quarter of current financial year.
5
Coverage Ratios has 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
6
Previous period figures have been regrouped / reclassified wherever necessary.
Statement of Assets and Liabilities (Audited)
(Rs in Lacs)
Particulars
As at
As at
30-Sep-13
31-Mar-13
A
EQUITY AND LIABILITIES
1
Shareholders' fund
(a) Share Capital
18,619.50
18,619.50
(b) Reserves & Surplus
32,640.68
30,244.69
Sub-total-Shareholders' funds
51,260.18
48,864.19
2
Non-current liabilities
(a) Long-term borrowings
2,392.17
2,314.83
(b) Deferred tax liabilities (net)
5,505.45
4,375.45
(c) Other long-term liabilities
323.08
302.25
(d) Long-term provisions
390.94
348.10
Sub-total-Non-current liabilities
8,611.64
7,340.63
3
Current liabilities
(a) Trade payables
15.51
52.00
(b) Other current liabilities
6,036.22
6,293.96
(c) Short-term provisions
2,682.71
4,398.46
Sub-total current liabilities
8,734.44
10,744.42
TOTAL- EQUITY AND LIABILITIES
68,606.26
66,949.24
B
ASSETS
1
Non-current assets
(a) Fixed assets
Tangible assets
538.18
560.99
Intangible assets
56,935.27
56,990.85
Capital Work in Progress
-
4.75
(b) Non-current investments
2.55
2.55
(c) Long-term loans and advances
4,052.32
3,298.24
Sub-total-Non-current assets
61,528.32
60,857.38
2
Current assets
(a) Current investments
4,472.57
5,197.30
(b) Inventories
8.00
26.21
(c) Trade receivables
169.90
135.93
(d) Cash and cash equivalents
1,977.37
397.67
(e) Short-term loans and advances
450.10
334.75
Sub-total-current assets
7,077.94
6,091.86
TOTAL- ASSETS
68,606.26
66,949.24
For and on behalf of the Board of Directors
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR LIFFTIALEFIV
