Noida Toll Bridge Company Limited reported a 26% year-on-year increase in standalone net profit to ₹525.87 lakhs for the quarter ended June 30, 2026, driven by higher other income and stable revenue growth. The Board of Directors approved the unaudited financial results on August 3, 2026, alongside the appointment of Balvinder Singh as an Independent Director.

The company’s consolidated net profit attributable to shareholders stood at ₹529.37 lakhs for the quarter, compared to ₹415.25 lakhs in Q1FY25. Revenue from operations rose to ₹1,138.45 lakhs in the current quarter, up from ₹1,052.02 lakhs in the corresponding period last year. Total income increased to ₹1,280.87 lakhs, supported by a significant jump in other income to ₹142.42 lakhs from ₹55.99 lakhs previously.

Financial Performance Highlights

The improvement in profitability was aided by controlled operating expenses and lower finance costs. Operating expenses decreased slightly to ₹579.19 lakhs from ₹581.03 lakhs in Q1FY25. Finance costs were minimal at ₹0.06 lakhs. The company recorded no tax expense for the quarter on a standalone basis.

On a consolidated basis, total income reached ₹1,281.30 lakhs against total expenses of ₹746.18 lakhs. The subsidiary, ITNL Toll Management Services Limited, contributed ₹74.98 lakhs in revenue and ₹6.86 lakhs in profit for the quarter.

Corporate Governance Updates

Based on the recommendation of the Nomination & Remuneration Committee, the Board appointed Mr. Balvinder Singh (DIN 03372237) as an Independent Director with immediate effect. His term is set for five years, subject to shareholder approval. Mr. Singh, a retired Member (Technical) of NCLAT and former Deputy Comptroller and Auditor General, brings 43 years of experience in audit and law.

The Board also approved the rectification of the Statutory Auditor’s fee, pending shareholder ratification. M/s Kumar Wadhwa & Company was appointed as the Scrutinizer for the upcoming 30th Annual General Meeting.

Key Disclosures and Legal Matters

The financial statements include several material disclosures regarding ongoing legal and regulatory matters:

• IL&FS Moratorium: Pursuant to an NCLAT order dated March 12, 2020, the company has not provided for interest on loans from ICICI Bank Limited and IL&FS Transportation Networks Limited (ITNL). The unprovided interest aggregated ₹300.14 lakhs for the quarter and ₹8,527.92 lakhs cumulatively up to June 30, 2026.
• User Fee Dispute: The Supreme Court dismissed the company’s Special Leave Petition regarding the collection of user fees on December 20, 2024. Consequently, the company impaired its intangible asset (concession rights) by ₹23,249.70 lakhs in FY25. A review petition filed in January 2025 was dismissed in May 2025.
• Tax Appeals: The company received favorable orders from the CIT(A) for Assessment Years 2016-17 and 2017-18, resolving demands of ₹357 crore and ₹383.48 crore respectively. However, additions related to lease rental income taxability remain under appeal at the ITAT. New penalty orders totaling ₹359.62 lakhs under sections 271D and 271E have been appealed.
• NOIDA Demand: A demand of approximately ₹100 crore for outdoor advertising arrears raised by NOIDA in September 2025 is currently restrained by the Delhi High Court, with the next hearing scheduled for October 14, 2026.

What the Numbers Show

The surge in net profit is primarily driven by non-operational factors rather than core toll collection growth. While revenue from operations grew modestly by 8.2%, other income more than doubled, contributing significantly to the top-line expansion. This divergence suggests that operational efficiency alone did not drive the bottom-line improvement; instead, the absence of interest accruals due to the IL&FS moratorium and fluctuations in other income played a decisive role. Investors should note that the core concession asset remains impaired, and future earnings visibility depends on the resolution of long-pending legal disputes regarding user fee collection.

IL&FS Transportation Networks Limited disclosed a 26.37% shareholding in Noida Toll Bridge Company Ltd as of March 31, 2026. The filing confirms the promoter holds 4,90,95,007 equity shares of ₹10 each. The declaration further states that none of these shares were under encumbrance during the financial year ended March 31, 2026.

The disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The document was signed by Krishna Ghag, Vice President and Company Secretary of IL&FS Transportation Networks Limited.

Shareholding Details

The following table outlines the entity's position in Noida Toll Bridge Company Ltd:

The filing confirms that the total holding represents 26.37% of the paid-up equity share capital of the company. The disclosure was addressed to the General Manager of the Listing Department at BSE Limited and the Vice President of the Listing Department at National Stock Exchange of India Limited.