RNS Number : 5384Q
Noida Toll Bridge Co. Ltd.
20 October 2011
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 half year ended September 30, 2011 today.
NTBCL has reported a PBT of Rs. 216.69 million for the half year ended September,2011 against Rs. 196.91 million in the corresponding half year of the previous year. The increase in PBT is due to reduction in interest cost and increase in income from operations.
The profit after tax for the current half year has been Rs. 196.73 million compared to Rs. 171.46 million of the corresponding half year of the previous year.
For further details, please contact:
Noida Toll Bridge Company Limited
Harish Mathur +91 (0) 120 2516380
Collins Stewart Europe Limited
Bruce Garrow +44 (0) 20 7523 8350
NOIDA TOLL BRIDGE COMPANY LIMITED
AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2011
(Rs. in Lacs)
Sl.No.
Particulars
Quarter ended
Quarter ended
Half year ended
Half year ended
Year ended
September, 2011
September, 2010
September, 2011
September, 2010
31.03.2011
(1)
(2)
(3)
(4)
(5)
(6)
(7)
1
Net Sales / Income from operations
2,214.14
2,117.77
4,336.10
4,223.56
8,431.18
Total Revenue
2,214.14
2,117.77
4,336.10
4,223.56
8,431.18
2
Total Expenditure
a)O & M Expenses
232.27
175.51
425.62
355.74
713.08
b)Consumption of Cards/On Board units
3.05
6.94
4.77
10.86
15.26
c)Staff cost
97.92
146.83
192.54
290.24
492.38
d)Legal and Professional Charges
71.06
59.64
126.53
103.95
222.02
e)Advertisement and Business promotion
5.75
3.45
10.00
6.89
16.58
f) Rates & Taxes
100.28
75.51
191.20
148.44
580.96
g)Other expenditure
56.67
64.50
84.15
100.59
165.82
h) Overlay
99.43
20.81
99.43
41.39
82.55
i) Depreciation/Amortisation
109.15
126.21
218.80
250.34
447.73
Total Expenditure
775.58
679.40
1,353.04
1,308.44
2,736.38
3
Profit (+) / Loss (-) from Operations before Other Income, Interest & Exceptional items Activities before tax (1-2)
1,438.56
1,438.37
2,983.06
2,915.12
5,694.80
4
Other Income
73.37
39.70
141.64
72.51
300.69
5
Profit (+) / Loss (-) from before Interest & Exceptional items Activities before tax (3+4)
1,511.93
1,478.07
3,124.70
2,987.63
5,995.49
6
Interest
619.06
654.95
957.79
1,018.53
1,729.17
7
Profit (+) / Loss (-) after Interest & before Exceptional items Activities before tax (5-6)
892.87
823.12
2,166.91
1,969.10
4,266.32
8
Exceptional items
-
-
-
-
9
Profit (+) / Loss (-) from Ordinary Activities before tax (7-8)
892.87
823.12
2,166.91
1,969.10
4,266.32
10
Tax Expenses
70.87
115.84
199.62
254.46
517.02
11
Net Profit(+)/Loss(-) from Ordinary Activities after tax (9-10)
822.00
707.28
1,967.29
1,714.64
3,749.30
12
Extraordinary items (Net of tax expense)
-
-
-
-
-
13
Net Profit (+) / Loss (-) for the period (11-12)
822.00
707.28
1,967.29
1,714.64
3,749.30
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
15
Paid-up Debt Capital
N/A
N/A
12,609.60
14,546.88
13,866.31
16
Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year
N/A
N/A
27,811.06
23,809.10
25,843.77
17
Debenture Redemption Reserve
N/A
N/A
240.97
177.05
206.47
18
Earning Per Share (EPS)
a
Basic and diluted EPS before extraordinary items for the period, for the year to date and for the previous year (not to be annualized)
0.44
0.38
1.06
0.92
2.01
b
Basic and diluted EPS after extraordinary items for the period, for the year to date and for the previous year (not to be annualized)
0.44
0.38
1.06
0.92
2.01
19
Debt Equity Ratio
N/A
N/A
0.27
0.34
0.31
20
Debt Service Coverage Ratio (DSCR)
N/A
N/A
1.37
0.87
1.23
21
Interest Service Coverage Ratio (ISCR)
N/A
N/A
3.26
2.93
3.47
22
Public Shareholding
- Number of Shares
137,054,920
136,769,920
137,054,920
136,769,920
137,054,920
- Percentage of Shareholding
73.61%
73.46%
73.61%
73.46%
73.61%
23
Promoters and promoter group Shareholding
a
Pledged/Encumbered
- Number of Shares
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
- Percentage of Shares (as a % of the total share capital of the company)
N/A
N/A
N/A
N/A
N/A
b
Non-encumbered
- Number of Shares
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%
- Percentage of Shares (as a % of the total share capital of the company)
26.37%
26.37%
26.37%
26.37%
26.37%
Notes:
1
The above results have been taken on record by the Board of Directors at a meeting held on October 20, 2011.
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
There was no complaint pending at the beginning of the quarter. The Company has received thirteen complaints during the quarter and there was no complaint pending at the end of the quarter.
4
New Okhla Industrial Development Authority has initiated preliminary discussion with the Company to consider modification of some of the terms 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 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)
As at
Particulars
30-Sep-11
30-Sep-10
31-Mar-11
Shareholders' fund
(a)
Share Capital
18,619.50
18,619.50
18,619.50
(b)
Reserves & Surplus
27,811.06
23,809.10
25,843.77
Loan funds
12,609.60
14,546.88
13,866.31
Deferred tax liability
1,378.94
976.11
1,187.70
Total
60,419.10
57,951.59
59,517.28
Fixed Assets
57,897.68
58,315.73
58,116.34
Investments
3,875.58
1,166.52
2,378.69
Current Assets, Loans and Advances
(a)
Inventories
10.68
15.86
9.26
(b)
Sundry Debtors
71.77
349.78
342.68
(c)
Cash and Bank balances
145.16
1,273.65
396.42
(d)
Loans and Advances
1,754.68
929.43
1,350.47
Less Current Liabilities and Provisions
(a)
Liabilities
(1,427.53)
(2,472.20)
(1,295.66)
(b)
Provisions
(1,908.92)
(1,627.18)
(1,780.92)
Net Current Assets
(1,354.16)
(1,530.66)
(977.75)
Total
60,419.10
57,951.59
59,517.28
This information is provided by RNS
The company news service from the London Stock Exchange
END
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