Noida Toll Bridge Company Limited reported a consolidated net profit after tax (PAT) of ₹5.33 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 28.7% year-on-year increase from ₹4.14 crore in Q1FY26. This profitability surge was driven by a 15.51% rise in revenue from operations to ₹12.81 crore, compared to ₹11.09 crore in the corresponding period of the previous year. The financial performance is underpinned by continued stability in advertising revenue, which remains the primary income source following the suspension of tolls in 2016, and is further secured by a critical legal victory where the Delhi High Court extended an interim stay on the NOIDA Authority’s demand for over ₹100 crore in alleged advertisement license fees until October 14, 2026.

The Board of Directors took on record the unaudited financial results during a meeting held in Noida-Delhi on August 3, 2026. On a standalone basis, revenue stood at ₹12.81 crore, up 15.61% from ₹11.08 crore in Q1FY26, while standalone PAT increased to ₹5.26 crore from ₹4.17 crore. The company highlighted that advertising revenue continues to fund regular maintenance, security, and financial commitments, including payments to the New Okhla Industrial Development Authority (NOIDA) and the Municipal Corporation of Delhi (MCD).

Financial Performance Snapshot

Infrastructure and Maintenance Updates

Operationally, NTBCL completed the second phase of its planned carriageway upgradation programme during the quarter. The company is now initiating a five-year preventive maintenance programme, aligned with recommendations from an independent technical assessment conducted previously. This assessment, carried out by CRISIL Intelligence for routine operations and major maintenance, and Almondz Global Infra for bridge assessment, confirmed that the Delhi-Noida Direct (DND) Flyway remains structurally sound. The report indicated no need for major structural strengthening or rehabilitation in the immediate future, validating the durability of the infrastructure developed over 25 years ago. Instead, the assessment recommended phased functional overlays and specific upkeep measures to maintain ride quality.

Legal Developments

A material development for shareholders was the judicial relief granted by the Delhi High Court. In an order dated September 25, 2025, the court restrained the NOIDA Authority from taking coercive action against NTBCL or disrupting its advertisement operations. This interim stay was granted against NOIDA’s demand letter dated September 10, 2025, which sought to stop advertisement displays and recover over ₹100 crore in alleged license fees. The protection was recently extended until October 14, 2026. NTBCL maintains that advertising revenue is lawful and essential for maintaining the DND Flyway, which serves as a critical urban mobility corridor for over 2.5 lakh daily commuters connecting Delhi and Noida.

What the Numbers Show

The divergence between revenue growth (15.5%) and profit growth (28.7%) suggests improved operating leverage or cost control during the quarter. With advertising remaining the sole major revenue stream post-toll suspension, the preservation of this income source through the High Court’s stay is pivotal. The structural soundness of the flyway, as confirmed by independent assessors, reduces the risk of immediate capital-intensive repairs, allowing the company to focus on phased functional maintenance funded by current cash flows.

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.