Noida Toll Bridge has reported results for first quarter ended June 30, 2012.
On standalone basis, the company has posted a fall of 3.67% in its net profit at Rs 11.03 crore for the quarter ended June 30, 2012 as compared to Rs 11.45 crore for the same quarter in the previous year. However, total income has increased by 14.24% to Rs 24.23 crore for quarter under review as compared to Rs 21.21 crore for the quarter ended June 30, 2011.
Noida Toll Bridge Company has been promoted by Infrastructure Leasing and Financial Services (IL&FS) as a special purpose vehicle (SPV). The company’s principal business is operating the bridge, the revenues being generated mainly through the levy of toll charges on users of the bridge.
