REG - Noida Toll Bridge Co - 1st Quarter Results <Origin Href="QuoteRef">NOID.NS</Origin>
06/09/2014 22:25
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RNS Number : 4909N
Noida Toll Bridge Co. Ltd.
28 July 2014
Noida Toll Bridge Company Limited
(CIN No L45101UP1996PLC019759)
Regd. Office : Toll Plaza, DND Flyway, Noida 201 301, Uttar Pradesh, India
Quarterly Results to 30 June 2014
The Board of Directors of Noida Toll Bridge Company Limited (NTBCL) approved
the Company's results for the quarter ended June 30, 2014 today. The results
have been audited under Indian GAAP.
NTBCL has reported a 9.2 % increase in PBT at Rs. 210.56 million for the
quarter as compared to Rs.192.80 million in the corresponding quarter of the
previous year attributable to a 9 % increase in revenue from operations and
reduction in operational & financial expenses.
The profit after tax for the quarter, at Rs. 203.54 million is 57 % increase
than the corresponding quarter of the previous year Rs. 129.80 million.
For further details please contact:
Noida Toll Bridge Company Limited
Harish Mathur 00 91 120 2516380
Cairn Financial Advisers LLP
Sandy Jamieson 00 44 207 148 7900
NOIDA TOLL BRIDGE COMPANY LIMITED
AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2014
Rs in lacs
Sl.No. Particulars Quarter ended Quarter ended Quarter ended Year ended
30.06.2014 31.03.2014 30.06.2013 31.03.2014
(Audited) (Audited) (Unaudited) (Audited)
(1) (2) (3) (4) (5) (6)
1 Income from operations 2,963.64 3,045.83 2,857.90 11,937.27
Total Revenue 2,963.64 3,045.83 2,857.90 11,937.27
2 Total Expenditure
a) O & M Expenses 299.96 252.33 255.46 1,038.24
b) Employee Benefit Expenses 63.15 51.19 66.34 251.73
c) Legal and Professional Charges 56.50 55.34 74.80 245.04
d) Rates & Taxes 151.51 175.77 122.05 751.14
e) Depreciation/Amortisation 43.40 46.29 50.75 195.20
f) Overlay 100.32 113.78 228.52 582.73
g) Other expenditure 100.43 61.44 56.38 255.87
Total Expenditure 815.27 756.14 854.30 3,319.95
3 Profit from Operations before Other Income, Finance cost & Exceptional items (1-2) 2,148.37 2,289.69 2,003.60 8,617.32
4 Other Income 15.26 119.78 118.50 499.89
5 Profit from ordinary activities before Finance Cost & Exceptional items (3+4) 2,163.63 2,409.47 2,122.10 9,117.21
6 Finance Cost 58.02 98.16 194.14 894.36
7 Profit from ordinary activities after Finance Cost but before Exceptional items (5-6) 2,105.61 2,311.31 1,927.96 8,222.85
8 Exceptional items - - - -
9 Profit from Ordinary Activities before tax (7-8) 2,105.61 2,311.31 1,927.96 8,222.85
10 Tax Expenses 70.20 697.48 630.00 2,747.48
11 Net Profit from Ordinary Activities after tax (9-10) 2,035.41 1,613.83 1,297.96 5,475.37
12 Extraordinary items (Net of tax expense) - - - -
13 Net Profit for the period (11-12) 2,035.41 1,613.83 1,297.96 5,475.37
14 Paid-up equity share capital
(Face Value Rs 10) 18,619.50 18,619.50 18,619.50 18,619.50
15 Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year 32,309.44 N/A 31,542.66 30,274.03
16 Earning Per Share (before extraordinary items)
a Basic 1.09 0.87 0.70 2.94
b Diluted 1.09 0.87 0.70 2.94
Earning Per Share (after extraordinary items)
a Basic 1.09 0.87 0.70 2.94
b Diluted 1.09 0.87 0.70 2.94
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 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%
- 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-2014
Pending at the beginning of the quarter -
Received during the quarter 71
Disposed of during the quarter 71
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 28, 2014.
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 had 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 and after considering technical and economic life of the Bridge.
4 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 Harish Mathur
Partner
(M.No.85847) Executive Director & CEO
Noida Noida
July 28, 2014 July 28, 2014
This information is provided by RNS
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