Noida Toll Bridge reports 11.68% fall in Q2 net profit

Noida Toll Bridge Company Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532481 | NSE: NOIDATOLL

29 Oct 2012 Evaluate

Noida Toll Bridge has reported results for second quarter ended September 30, 2012.

The company has posted a fall of 11.68% in its net profit at Rs 7.26 crore for the quarter ended September 30, 2012 as compared to Rs 8.22 crore for the same quarter in the previous year. However, total income has increased by 17.39% at Rs 25.99 crore for quarter under review as compared to Rs 22.14 crore for the quarter ended September 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.

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