REG - Noida Toll Bridge Co - Final Results <Origin Href="QuoteRef">NOID.NS</Origin>

Noida Toll BridgeAnnouncement

03/05/2016 11:40

RNS Number : 0598X
Noida Toll Bridge Co. Ltd.
03 May 2016
3 May 2016
Noida Toll Bridge Company Limited
("NTBCL or the "Company")
Audited Financial Results for the Quarter and Year Ended 31 March 2016
The Board of Directors of Noida Toll Bridge Company Limited approved the Company's results for the year ended March 31, 2016, today. The results have been audited under Indian GAAP.
Audited financial statements prepared under IFRS will be published in due course.
NTBCL has reported a PBT of Rs. 602.97 million for the year ended March 31, 2016, as compared to Rs.849.89 million in the corresponding year ended March 31, 2015. The reduction in the PBT is primarily on account of change in the useful life of the Intangible Asset "Right to collect toll" and Building, which has been revised to 30 years as a consequence of a recent development wherein the Board of Directors of the Company, on July 9, 2015, considered and approved a draft proposal (subject to approval by New Okhla Industrial Development Authority (NOIDA) & the Company's Shareholders) for modification to clauses in the Concession Agreement. The modification includes terminating the concession period on March 31, 2031. Consequent to a change in useful life, the depreciation expense in the Statement of Profit and Loss for the year ended March 31, 2016 is higher by Rs.281.5 million.
Owing to the reversal of Deferred Tax Liability the Profit After Tax for the year ended March 31, 2016 is Rs. 823.89 million i.e 2 % higher than the corresponding twelve months Profit After Tax i.e: Rs. 808.21 million.
For further details please contact: 
Noida Toll Bridge Company Limited
Harish Mathur
00 91 120 2516380
Cairn Financial Advisers LLP (Nominated Adviser)
Sandy Jamieson, Emma Earl
00 44 207 148 7900
Particulars
Standalone
Quarter ended
Quarter ended
Quarter ended
31.03.2016
31.12.2015
31.03.2015
Audited
Unaudited
Audited
Total income from operations (net)
 3,169.87 
 3,213.99 
 3,221.53 
Profit from Ordinary Activities before tax
1,510.42
1,344.84
2,429.33
Net Profit for the period after tax (after Extraordinary items)
1,813.57
2,016.74
2,230.07
Equity Share Capital (Face Value of Rs. 10 per share)
 18,619.50 
 18,619.50 
 18,619.50 
Reserves (excluding Revaluation Reserve as shown in the Balance Sheet of previous year)
N/A 
N/A 
N/A 
Earnings Per Share (before extraordinary items) (of Rs. 10/- each):
Basic:
0.97
1.08
1.20
Diluted:
0.97
1.08
1.20
Earnings Per Share (after extraordinary items) (of Rs. 10/- each):
Basic:
0.97
1.08
1.20
Diluted:
0.97
1.08
1.20
Particulars
Standalone
Year ended
Year ended
31.03.2016
31.03.2015
Audited
Audited
Total income from operations (net)
 12,895.62 
 12,299.24 
Profit from Ordinary Activities before tax 
6,029.72
8,498.85
Net Profit for the period after tax (after Extraordinary items)
8,238.87
8,082.09
Equity Share Capital (Face Value of Rs. 10 per share)
 18,619.50 
 18,619.50 
Reserves (excluding Revaluation Reserve as shown in the Balance Sheet of previous year)
 33,457.97 
 31,646.65 
Earnings Per Share (before extraordinary items) (of Rs. 10/- each): 
Basic:
4.42
4.34
Diluted:
4.42
4.34
Earnings Per Share (after extraordinary items) (of Rs. 10/- each):
Basic:
4.42
4.34
Diluted:
4.42
4.34
(Rs. in Lacs)
Consolidated
Year ended
Year ended
31.03.2016
31.03.2015
Audited
Audited
Total income from operations (net)
 13,047.32 
 12,333.03 
Profit from Ordinary Activities before tax 
6,035.19
8,392.46
Net Profit for the period after tax (after Extraordinary items)
8,244.34
7,975.70
Equity Share Capital (Face Value of Rs. 10 per share)
 18,619.50 
 18,619.50 
Reserves (excluding Revaluation Reserve as shown in the Balance Sheet of previous year)
 33,240.74 
 31,423.95 
Earnings Per Share (before extraordinary items) (of Rs. 10/- each): 
Basic:
4.43
4.28
Diluted:
4.43
4.28
Earnings Per Share (after extraordinary items) (of Rs. 10/- each):
Basic:
4.43
4.28
Diluted:
4.43
4.28
The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the websites of the Company, National Stock Exchange of India Limited and BSE Limited at www.ntbcl.com, www.nseindia.com and www.bseinida.com respectively

This information is provided by RNS
The company news service from the London Stock Exchange
  END
FR SSEFSDFMSEDI