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NTBCL revenues up 3%, net profit at Rs276 mln

Noida Toll Bridge Company Limited (NTBCL), the concessionaire for the Delhi Noida Toll Bridge, has reported earnings of Rs 408 million for the half year ended September 30, 2009, around 3% increase from the corresponding period in the previous year and a net profit from operations of around Rs 267 million (10% increase from the corresponding period in the previous year).
The net profit after tax of Rs 119.73 million for the period, however, as compared to Rs 147.75 million for the corresponding period of the previous year, has been impacted due to terminal interest payment amounting to Rs28 million and additional tax provision on account of MAT and Deferred Tax Liability amounting to Rs29 million.
The Average Daily Traffic (ADT), at 1,06,347 vehicles per day for this quarter, has increased by around 7.6% as compared to the previous quarter and by 3% as compared to the corresponding quarter of the previous financial year (102,792 vehicles per day).
 

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