BSECompany Update3 Aug 2026 · 3 Aug 2026, 05:20 pm
Please refer media release pertaining with Financial Results for the quarter ended June 30, 2026.
Noida Toll Bridge Company Ltd · 532481
✦ AI Summary▲ PositiveResults
Noida Toll Bridge Company Ltd announced Q1FY27 financial results, with revenue increasing 15.51% to ₹ 12.81 crore and profit after tax (PAT) rising 28.92% to ₹ 5.33 crore. The company completed the second phase of carriageway upgradation and initiated a 5-year preventive maintenance program.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Noida Toll Bridge Company Ltd - 532481 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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MEDIA RELEASE
AUGUST 3, 2026, Noida-Delhi
NOIDA TOLL BRIDGE COMPANY LIMITED ANNOUNCES
Q1FY27 FINANCIAL RESULTS
SECOND PHASE OF CARRIAGEWAY UPGRADATION COMPLETED; FIVE-YEAR
PREVENTIVE MAINTENANCE PROGRAMME UNDER WAY
INDEPENDENT TECHNICAL ASSESSMENT HAD REPORTED NO MAJOR STRUCTURAL
STRENGTHENING REQUIRED FOR DND FLYWAY WHILE RECOMMENDING FUNTIONAL
OVERLAY
The Board of Directors of Noida Toll Bridge Company Limited (NTBCL) met here today to take on
record the Unaudited Financial Results for the Quarter ended June 30, 2026 (Q1FY27).
Along with the results, the Board took on record updates on maintenance, litigation and operations,
and reaffirmed its commitment to ensuring the safe, efficient, uninterrupted upkeep & operation of
the DND Flyway, an essential lifeline for over 2.5 lakh daily commuters, connecting Delhi and Noida.
Financial Performance: Q1 FY27
On a Consolidated basis for Q1FY27, Revenue stood at ₹ 12.81 crore, as against ₹11.09 crore
recorded in the corresponding quarter of the previous year Q1FY26, an increase of 15.51 per cent.
On a Consolidated basis for Q1FY27, Profit After Tax (PAT) stood at ₹ 5.33 crore, as compared to
a PAT of ₹ 4.14 crore registered in Q1FY26.
On a Standalone basis for Q1FY27, the Company posted Revenue of ₹ 12.81 crore as against
₹ 11.08 crore recorded in Q1FY26, an increase of 15.61 per cent.
On a Standalone basis for Q1FY27, Profit After Tax was recorded at ₹5.26 crore as against PAT of
₹4.17 crore in Q1FY26.
Advertising revenue continued to be the primary income stream during the quarter, supporting
regular maintenance, security, and financial commitments, including payment to NOIDA/MCD.
Operational & Maintenance Update
As part of the second phase of planned upgradation programme, work was completed during the
Quarter.
The Company will now be initiating a plan to undertake 5-year preventive maintenance work in a
scheduled manner which forms part of the voluntary Independent Technical Assessment
undertaken by the Company previously.
Part of the identified activities has already been undertaken by the Company.
NTBCL, under the direction of the Board, had conducted an Independent Technical
Assessment of the DND Flyway to evaluate its long-term maintenance requirements to preserve
the infrastructure and maintain its world-class ride quality standards - keeping in mind the strategic
importance of DND Flyway as a critical urban mobility corridor connecting Delhi and Noida
The assessment was aimed at ensuring that the asset continues to meet the highest standards of
safety, infrastructure integrity, ride quality and operational reliability through a comprehensive
review of pavement quality, bridge structures and maintenance systems. The assessment was
conducted by CRISIL Intelligence (Routine Operations and Major Maintenance) and Almondz Global
Infra (Bridge Assessment).
Key findings of the assessment indicated that DND Flyway continues to remain
structurally sound and does not require any major structural strengthening or
rehabilitation in the immediate future. While certain preventive and functional
maintenance interventions have been identified, the studies broadly validated the
quality and durability of the underlying infrastructure developed over 25 years ago.
The assessment has recommended phased functional overlay and suggested few upkeep
requirements, preventive maintenance and routine asset preservation measures for maintaining
ride quality of the flyway over the next 5 years. The company has made adequate provisioning
towards undertaking these changes and upgradation work.
Judicial Relief and Updates
The Board also took note of the interim stay granted by the Hon’ble Delhi High Court on NOIDA
Authority’s demand letter dated September 10, 2025, which sought to stop NTBCL’s advertisement
displays and recover over ₹100 crore in alleged advertisement license fees.
The Hon’ble Court, by its order dated September 25, 2025, restrained NOIDA from taking any
coercive action against NTBCL or disrupting its advertisement operations. In the last hearing this
protection was extended till October 14, 2026.
The Company has consistently maintained that advertisement revenue - an important operating
income since the toll suspension in 2016 - is both lawful and essential for maintaining the DND
Flyway and meeting financial obligations.
NTBCL reiterated its commitment to act in the best interests of over 60,000 retail shareholders,
who collectively hold nearly 70 per cent of the Company’s equity, while maintaining transparency,
compliance, and accountability.
About NTBCL
Noida Toll Bridge Company Limited (NTBCL), an IL&FS Group Company, was incorporated as a
Special Purpose Vehicle (SPV) to develop, operate, and maintain the Delhi-Noida Direct (DND)
Flyway under a Concession Agreement with NOIDA. Operational since 2001, the DND Flyway serves
as a critical urban mobility corridor connecting Delhi and Noida.
Media Queries
comms@ntbcl.com
www.ntbcl