Quarterly Results

Noida Toll Bridge

30/01/2012 11:10

RNS Number : 3814W

Noida Toll Bridge Co. Ltd.

30 January 2012

 



Noida Toll Bridge Co. Ltd.
30 January 2012
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 unaudited results for the quarter and nine months ended December 31, 2011 today.
NTBCL has reported a PBT of Rs. 357.02 million for the nine months ended December 31, 2011 as against Rs. 304.15 million in the corresponding nine months of the previous year. The Company has implemented a 10% increase in toll we.f. November 2, 2011 which has contributed towards the increase in PBT. The profit after tax for the nine months ended December 2011 is been Rs. 306.18 million compared to Rs. 266.63 million for the corresponding period of the previous year.
For further details contact:
Noida Toll Bridge Company Limited
Harish Mathur Tel: 00 91 120 2516380
Collins Stewart Europe Limited
Bruce Garrow Tel: 020 7523 8350
(Rs. in Lacs)
Sl. no.
Particulars
Quarter ended
Quarter ended
Period ended
Period ended
Year ended
December,
2011
December,
2010
December,
2011
December,
2010
31.03.2011
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Audited)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
1
Net Sales / Income from operations
2,482.84
2,084.17
6,818.94
6,307.73
8,431.18
Total Revenue
2,482.84
2,084.17
6,818.94
6,307.73
8,431.18
2
Total Expenditure
a) O & M Expenses
205.21
182.43
630.83
538.17
713.08
b) Consumption of Cards/On Board units
18.13
4.57
22.90
15.43
15.26
c) Staff cost
106.29
161.73
298.83
451.97
492.38
d) Legal and Professional Charges
72.39
58.00
198.92
161.95
222.02
e) Advertisement and Business promotion
5.99
4.67
15.99
11.56
16.58
f) Rates & Taxes
125.31
65.30
316.51
213.74
580.96
g) Other expenditure
43.62
37.68
127.77
138.27
165.82
h) Overlay
179.55
20.81
278.98
62.20
82.55
i) Depreciation/Amortisation
104.14
124.27
322.94
374.61
447.73
Total Expenditure
860.63
659.46
2,213.67
1,967.90
2,736.38
3
Profit (+) / Loss (-) from Operations before Other Income, Interest & Exceptional items Activities before tax (1-2)
1,622.21
1,424.71
4,605.27
4,339.83
5,694.80
4
Other Income
95.65
8.30
237.29
80.81
300.69
5
Profit (+) / Loss (-) from before Interest & Exceptional items Activities before tax (3+4)
1,717.86
1,433.01
4,842.56
4,420.64
5,995.49
6
Interest
314.59
360.63
1,272.38
1,379.16
1,729.17
7
Profit (+) / Loss (-) after Interest & before Exceptional items Activities before tax (5-6)
1,403.27
1,072.38
3,570.18
3,041.48
4,266.32
8
Exceptional items
-
-
-
-
9
Profit (+) / Loss (-) from Ordinary Activities before tax (7-8)
1,403.27
1,072.38
3,570.18
3,041.48
4,266.32
10
Tax Expenses
308.75
120.70
508.37
375.16
517.02
11
Net Profit(+)/Loss(-) from Ordinary Activities after tax (9-10)
1,094.52
951.68
3,061.81
2,666.32
3,749.30
12
Extraordinary items (Net of tax expense)
-
-
-
-
-
13
Net Profit (+) / Loss (-) for the period (11-12)
1,094.52
951.68
3,061.81
2,666.32
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
11,983.01
14,455.95
13,866.31
16
Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year
N/A
N/A
27,823.50
24,805.22
25,843.77
17
Debenture Redemption Reserve
N/A
N/A
258.32
191.92
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)
0.59
0.51
1.64
1.43
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)
0.59
0.51
1.64
1.43
2.01
19
Debt Equity Ratio
N/A
N/A
0.26
0.33
0.31
20
Debt Service Coverage Ratio (DSCR)
N/A
N/A
1.49
1.13
1.23
21
Interest Service Coverage Ratio (ISCR)
N/A
N/A
3.81
3.21
3.47
22
Public Shareholding
- Number of Shares
137,054,920
137,019,920
137,054,920
137,019,920
137,054,920
- Percentage of Shareholding
73.61%
73.59%
73.61%
73.59%
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 January 30, 2012.
2
The Company has only one business segment and therefore reporting of segment wise information under Clause 41 of the Listing Agreement is not applicable.
3
There were no complaints pending at the beginning of the quarter. The Company has received and redressed thirty six complaints for non-receipt of dividend warrants during the quarter and there were no complaints pending at the end of the quarter.
4
Pending discussions with New Okhla Industrial Development Authority regarding modification of some of the terms and conditions of the Concession Agreement, accounts have been prepared based on the extant Concession Agreement.
5
Coverage Ratios have been Calculated as under ;
Debt Equity Ratio = Total Debt/(Paid-up Equity Share Capital+Reserves excluding Revaluation Reserve)
Debt Service Coverage Ratio= Profit before Interest,Exceptional Items & tax / (Interest+Principal Repayment)
Interest Service Coverage Ratio= Profit before Interest,Exceptional Items & tax / Interest Expenses
6
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)
Partner
Harish Mathur
(M.No. 89909)
Executive Director & CEO
Noida
Noida
January 30, 2012
January 30, 2012


 

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