RNS Number : 8592B
Noida Toll Bridge Co. Ltd.
23 April 2012
Noida Toll Bridge Company Limited
23 April 2012
The Board of Directors of Noida Toll Bridge Company Limited (NTBCL) approved the Company's results for the year ended March 31, 2012, today.
NTBCL has reported a 25% increase in PBT : Rs. 534.84 million for the year as compared to Rs. 426.63 million in the previous year attributable to a 5% growth in traffic and 10% increase in toll rates effective November 2011
The profit after tax for the year, at Rs. 453.21 million is 21% higher than to the previous years': Rs. 374.93 million.
In addition to the interim dividend of 5% paid during FY 2011-12, the Board of Directors have recommended a further dividend of 5% (which is subject to shareholder approval at the forthcoming Annual General Meeting) making the total dividend for FY 2011-12 : 10%.
For further details please contact:
Noida Toll Bridge Company Limited
Harish Mathur
00 91 120 2516380
Canaccord Genuity Limited
Bruce Garrow
00 44 (0) 207 523 8350
Bruce Garrow
NOIDA TOLL BRIDGE COMPANY LIMITED
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2012
Sl. No.
Particulars
Three months ended
Three months ended
Three months ended
Year ended
Year ended
Consolidated Year Ended
Consolidated Year Ended
31.03.2012
31.12.2011
31.03.2011
31.03.2012
31.03.2011
31.03.2012
31.03.2011
(Unaudited)
(Unaudited)
(Unaudited)
(Audited)
(Audited)
(Audited)
(Audited)
(1)
(2)
(4)
(3)
(5)
(6)
(7)
(8)
(9)
1
Income from operations
2,476.25
2,482.84
2,123.45
9,295.19
8,431.18
9,496.07
8,584.81
Total Revenue
2,476.25
2,482.84
2,123.45
9,295.19
8,431.18
9,496.07
8,584.81
2
Total Expenditure
a)O & M Expenses
217.27
223.34
179.53
871.00
733.13
471.18
372.59
c) Employee Benefit Expenses
95.53
106.29
40.41
394.36
492.38
896.47
949.74
d)Legal and Professional Charges
72.55
72.39
60.07
271.47
222.02
306.85
234.90
e) Rates & Taxes
114.72
125.31
367.22
431.23
580.96
431.24
581.01
f) Depreciation/Amortisation
159.39
104.14
73.12
482.33
447.73
492.04
457.82
g) Overlay
92.99
179.55
20.35
371.97
82.55
371.97
82.55
h)Other expenditure
33.64
49.61
32.57
177.40
182.40
215.45
222.96
Total Expenditure
786.09
860.63
773.27
2,999.76
2,741.17
3,185.20
2,901.57
3
Profit (+) / Loss (-) from Operations before Other Income, Finance cost & Exceptional items (1-2)
1,690.16
1,622.21
1,350.18
6,295.43
5,690.01
6,310.87
5,683.24
4
Other Income
383.23
95.65
224.67
620.52
305.48
639.51
309.79
5
Profit (+) / Loss (-) from ordinary activities before Finance Cost & Exceptional items (3+4)
2,073.39
1,717.86
1,574.85
6,915.95
5,995.49
6,950.38
5,993.03
6
Finance Cost
295.14
314.59
350.01
1,567.52
1,729.17
1,570.53
1,729.93
7
Profit (+) / Loss (-) from ordinary activities after Finance Cost but before Exceptional items (5-6)
1,778.25
1,403.27
1,224.84
5,348.43
4,266.32
5,379.85
4,263.10
8
Exceptional items
-
-
-
-
-
-
-
9
Profit (+) / Loss (-) from Ordinary Activities before tax (7-8)
1,778.25
1,403.27
1,224.84
5,348.43
4,266.32
5,379.85
4,263.10
10
Tax Expenses
307.93
308.75
141.86
816.30
517.02
826.85
517.47
11
Net Profit(+)/Loss(-) from Ordinary Activities after tax (9-10)
1,470.32
1,094.52
1,082.98
4,532.13
3,749.30
4,553.00
3,745.63
12
Extraordinary items (Net of tax expense)
-
-
-
-
-
-
-
13
Net Profit (+) / Loss (-) for the period (11-12)
1,470.32
1,094.52
1,082.98
4,532.13
3,749.30
4,553.00
3,745.63
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
18,619.50
15
Paid-up Debt Capital
N/A
N/A
N/A
10,856.13
13,866.31
10,856.13
13,866.31
16
Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year
N/A
N/A
N/A
28,211.82
25,843.77
28,203.10
25,814.19
17
Debenture Redemption Reserve
N/A
N/A
N/A
275.29
206.47
275.29
206.47
18
Earning Per Share (before extraordinary items)
a
Basic
0.79
0.59
0.58
2.43
2.01
2.45
2.01
b
Diluted
0.79
0.59
0.58
2.43
2.01
2.45
2.01
Earning Per Share (after extraordinary items)
a
Basic
0.79
0.59
0.58
2.43
2.01
2.45
2.01
b
Diluted
0.79
0.59
0.58
2.43
2.01
2.45
2.01
19
Debt Equity Ratio
N/A
N/A
N/A
0.23
0.31
0.23
0.31
20
Debt Service Coverage Ratio (DSCR)
N/A
N/A
N/A
1.47
1.23
1.48
1.23
21
Interest Service Coverage Ratio (ISCR)
N/A
N/A
N/A
4.41
3.47
4.43
3.46
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
137,054,920
- Percentage of Shareholding
73.61%
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
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
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
N/A
b
Non-encumbered
- Number of Shares
49095007
49095007
49095007
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%
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%
26.37%
B
Investors Complaints
3 months ended 31-March-2012
Pending at the beginning of the quarter
-
Received during the quarter
38
Disposed of during the quarter
38
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 April 23, 2012.
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
During the year the company has paid interim dividend @ Rs.0.50 per equity share. The Board of Directors have recommended a further Dividend @ Rs.0.50 per equity share subject to the approval of members in AGM.
4
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.
5
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
6
Previous period figures have been regrouped / reclassified wherever necessary.
Statement of Assets and Liabilities (Audited)
(Rs in Lacs)
Standalone
Consolidated
As at
As at
Particulars
31-Mar-12
31-Mar-11
31-Mar-12
31-Mar-11
A
EQUITY AND LIABILITIES
1
Shareholders' fund
(a) Share Capital
18,619.50
18,619.50
18,619.50
18,619.50
(b) Reserves & Surplus
28,211.82
25,843.77
28,203.10
25,814.19
Sub-total-Shareholders' funds
46,831.32
44,463.27
46,822.60
44,433.69
2
Non-current liabilities
(a) Long-term borrowings
7,537.39
10,724.75
7,537.39
10,724.75
(b) Deferred tax liabilities (net)
1,995.62
1,187.70
1,995.62
1,187.70
(c) Other long-term liabilities
272.18
305.31
272.18
305.31
(d) Long-term provisions
312.98
313.36
345.52
342.11
Sub-total-Non-current liabilities
10,118.17
12,531.12
10,150.71
12,559.87
3
Current liabilities
(a) Trade payables
17.24
34.06
56.22
109.03
(b) Other current liabilities
3,857.69
3,647.66
3,998.26
3,695.38
(c) Short-term provisions
3,379.03
1,917.75
3,410.78
1,937.16
Sub-total current liabilities
7,253.96
5,599.47
7,465.26
5,741.57
TOTAL- EQUITY AND LIABILITIES
64,203.45
62,593.86
64,438.57
62,735.13
B
ASSETS
1
Non-current assets
(a) Fixed assets
Tangible assets
558.27
664.91
581.79
688.20
Intangible assets
57,082.61
57,451.43
57,082.61
57,451.43
(b) Non-current investments
2.55
2.55
-
-
(c) Long-term loans and advances
1,947.34
848.58
1,947.34
848.60
Sub-total-Non-current assets
59,590.77
58,967.47
59,611.74
58,988.23
2
Current assets
(a) Current investments
3,546.90
2,376.14
3,546.90
2,376.14
(b) Inventories
8.29
9.26
16.52
21.68
(c) Trade receivables
71.40
342.68
104.90
387.25
(d) Cash and cash equivalents
697.71
396.42
749.60
451.78
(e) Short-term loans and advances
288.38
501.89
408.91
510.05
Sub-total-current assets
4,612.68
3,626.39
4,826.83
3,746.90
TOTAL- ASSETS
64,203.45
62,593.86
64,438.57
62,735.13
For and on behalf of the Board of Directors
Harish Mathur
Executive Director & CEO
Noida
April 23, 2012
This information is provided by RNS
The company news service from the London Stock Exchange
END
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