NTBCL Q2 Profit Rises as DND Flyway Upkeep Continues

13 Nov 2025 CW Team

Financial Performance: Q2 FY26 On a consolidated basis, revenue rose 9.71 per cent year-on-year to Rs 117.5 million, compared with Rs 107.1 million in Q2 FY25. Profit Before Tax and Exceptional Items stood at Rs 37.8 million, against a loss of Rs 58.4 million last year. Profit After Tax was Rs 32.8 million, compared with a loss of Rs 58.4 million in Q2 FY25.

On a standalone basis, revenue increased 8.96 per cent to Rs 116.7 million, while Profit Before Tax and Exceptional Items stood at Rs 38.4 million, reversing a loss of Rs 58.2 million in the prior-year quarter. Profit After Tax was also Rs 38.4 million, compared with a loss of Rs 58.2 million in Q2 FY25.

H1 FY26 Performance Consolidated revenue for H1 FY26 reached Rs 228.4 million, up 6.88 per cent from Rs 213.7 million a year earlier. The company reported a Profit Before Tax and Exceptional Items of Rs 79.1 million, compared with a loss of Rs 111.5 million in H1 FY25. Profit After Tax also stood at Rs 79.1 million, reversing last year’s loss.

On a standalone basis, H1 FY26 revenue was Rs 227.5 million, with Profit Before Tax and Exceptional Items at Rs 80.1 million, and Profit After Tax at the same level.

Advertising revenue remained the company’s primary income source following toll suspension in 2016. During the half year, Rs 17 million was shared with the Noida Authority under the concession agreement.

Operations and Maintenance NTBCL continues to invest in essential upkeep of the DND Flyway. Ongoing works include bituminous concrete (BC), micro-surfacing, structural repairs, and electrical upgrades on key sections. These works are scheduled for completion by January 2026, and commuters may experience temporary restrictions in certain stretches.

The Board reiterated its appeal for Rs 1 billion in structural repair support from the Noida Authority and Delhi Administration under the State Support Agreement, noting that the 25-year-old flyway requires extensive refurbishment.

Judicial Update on Advertising Revenue The Board acknowledged the interim stay granted by the Delhi High Court against the Noida Authority’s 10 September 2025 demand to halt advertising displays and recover more than Rs 1 billion in alleged licence fees. The Court has restrained the Authority from any coercive action, allowing NTBCL to continue its advertising operations.

NTBCL emphasised that advertising revenue remains lawful and vital for maintaining the flyway and meeting financial obligations, especially in the absence of toll income.

The company reiterated its commitment to protecting the interests of its 60,000 retail shareholders, who collectively hold nearly 70 per cent of its equity, while maintaining full transparency and regulatory compliance.

The Board of Directors of Noida Toll Bridge Company Limited (NTBCL) has approved the audited financial results for Q2 FY26 and H1 FY26, reaffirming its commitment to the safe and uninterrupted upkeep of the DND Flyway, which carries more than 250,000 commuters daily between Delhi and Noida. Financial Performance: Q2 FY26 On a consolidated basis, revenue rose 9.71 per cent year-on-year to Rs 117.5 million, compared with Rs 107.1 million in Q2 FY25. Profit Before Tax and Exceptional Items stood at Rs 37.8 million, against a loss of Rs 58.4 million last year. Profit After Tax was Rs 32.8 million, compared with a loss of Rs 58.4 million in Q2 FY25. On a standalone basis, revenue increased 8.96 per cent to Rs 116.7 million, while Profit Before Tax and Exceptional Items stood at Rs 38.4 million, reversing a loss of Rs 58.2 million in the prior-year quarter. Profit After Tax was also Rs 38.4 million, compared with a loss of Rs 58.2 million in Q2 FY25. H1 FY26 Performance Consolidated revenue for H1 FY26 reached Rs 228.4 million, up 6.88 per cent from Rs 213.7 million a year earlier. The company reported a Profit Before Tax and Exceptional Items of Rs 79.1 million, compared with a loss of Rs 111.5 million in H1 FY25. Profit After Tax also stood at Rs 79.1 million, reversing last year’s loss. On a standalone basis, H1 FY26 revenue was Rs 227.5 million, with Profit Before Tax and Exceptional Items at Rs 80.1 million, and Profit After Tax at the same level. Advertising revenue remained the company’s primary income source following toll suspension in 2016. During the half year, Rs 17 million was shared with the Noida Authority under the concession agreement. Operations and Maintenance NTBCL continues to invest in essential upkeep of the DND Flyway. Ongoing works include bituminous concrete (BC), micro-surfacing, structural repairs, and electrical upgrades on key sections. These works are scheduled for completion by January 2026, and commuters may experience temporary restrictions in certain stretches. The Board reiterated its appeal for Rs 1 billion in structural repair support from the Noida Authority and Delhi Administration under the State Support Agreement, noting that the 25-year-old flyway requires extensive refurbishment. Judicial Update on Advertising Revenue The Board acknowledged the interim stay granted by the Delhi High Court against the Noida Authority’s 10 September 2025 demand to halt advertising displays and recover more than Rs 1 billion in alleged licence fees. The Court has restrained the Authority from any coercive action, allowing NTBCL to continue its advertising operations. NTBCL emphasised that advertising revenue remains lawful and vital for maintaining the flyway and meeting financial obligations, especially in the absence of toll income. The company reiterated its commitment to protecting the interests of its 60,000 retail shareholders, who collectively hold nearly 70 per cent of its equity, while maintaining full transparency and regulatory compliance.

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