Date: November 12, 2026

Financial Results (Standalone & Consolidated)

Q2 FY27 Performance

Consolidated Basis:

  • Revenue: ₹12.90 crore (vs. ₹11.75 crore in Q2FY26, +9.79% YoY)
  • Profit After Tax (PAT): ₹4.32 crore (vs. ₹3.77 crore in Q2FY26)

Standalone Basis:

  • Revenue: ₹12.89 crore (vs. ₹11.67 crore in Q2FY26, +10.45% YoY)
  • Profit After Tax (PAT): ₹4.35 crore (vs. ₹3.84 crore in Q2FY26)

Half Year FY27 Performance (HY FY27)

Consolidated Basis:

  • Revenue: ₹25.70 crore (vs. ₹22.84 crore in HY FY26, +12.52% YoY)
  • Profit After Tax (PAT): ₹9.65 crore (vs. ₹7.91 crore in HY FY26)

Standalone Basis:

  • Revenue: ₹25.70 crore (vs. ₹22.75 crore in HY FY26, +12.97% YoY)
  • Profit After Tax (PAT): ₹9.61 crore (vs. ₹8.01 crore in HY FY26)

Revenue Composition Notes

  • Advertising revenue continued as the primary income stream during the quarter
  • Revenue supports regular maintenance, security, and financial commitments including payments to NOIDA
  • During Q2FY27, the Company shared ₹0.85 crore with Noida Authority from its advertising revenue

Operational & Maintenance Update

  • Second phase of carriageway upgradation has been completed
  • Five-year preventive maintenance programme is under way
  • Independent technical assessment reported no major structural strengthening required for DND Flyway
  • Facility is being maintained as per best industry practices
  • Recommendations from independent assessment planned to be implemented in phased manner, starting Q3 FY27

Judicial Relief and Updates

  • Delhi High Court granted interim stay on NOIDA Authority's demand letter dated September 10, 2025
  • The demand sought to stop NTBCL's advertisement displays and recover over ₹100 crore in alleged advertisement license fees
  • Court order dated September 25, 2025 restrained NOIDA from taking any coercive action against NTBCL or disrupting its advertisement operations
  • This protection was extended until December 14, 2026 in the last hearing
  • Company maintains that advertisement revenue is lawful and essential for maintaining DND Flyway and meeting financial obligations

Corporate Background

  • Noida Toll Bridge Company Limited (NTBCL) is an IL&FS Group Company
  • Incorporated as a Special Purpose Vehicle (SPV) to develop, operate, and maintain the Delhi-Noida Direct (DND) Flyway
  • Operational since 2001 under a Concession Agreement with NOIDA
  • Serves as critical urban mobility corridor connecting Delhi and Noida
  • Serves over 2.5 lakh daily commuters
  • Company has over 60,000 retail shareholders who collectively hold nearly 70% of the company's equity