Noida Toll Bridge Company Limited (NTBCL) has reported a significant turnaround in its financial performance for the second quarter of fiscal year 2026 (Q2FY26), marking a return to profitability after previous year losses. The company, which operates the Delhi-Noida Direct (DND) Flyway, has also reaffirmed its commitment to maintaining the critical infrastructure despite ongoing financial constraints.

Financial Highlights

NTBCL's financial results for Q2FY26 and H1FY26 show a marked improvement over the previous year:

The company's standalone performance also showed improvement, with Q2FY26 revenue at ₹11.67 crore, up 8.96% from the previous year, and a profit after tax of ₹3.84 crore compared to a loss in Q2FY25.

Operational Updates

Despite financial challenges, NTBCL continues to prioritize the maintenance and safety of the DND Flyway, which serves over 2.5 lakh daily commuters. The company has initiated road repair work, including BC, SDMC, micro-surfacing, and electrical repairs on critical sections of the carriageway. This maintenance work is expected to be completed by January 2026.

Revenue Streams and Commitments

Advertising revenue remains the primary income source for NTBCL, supporting regular maintenance, security, and financial commitments. In H1FY26, the company shared ₹1.70 crore of revenue with Noida Authority from its advertising as part of the concession agreement.

Legal Developments

The company received interim relief from the Delhi High Court regarding its advertising operations. The court has restrained NOIDA Authority from taking coercive action against NTBCL or disrupting its advertisement displays, which the company maintains are lawful and essential for maintaining the DND Flyway and meeting financial obligations.

Board Decisions and Future Outlook

The Board of Directors has approved an increase in remuneration for Executive Director CEO Dheeraj Kumar, effective December 5, 2025, subject to shareholder approval through postal ballot. Additionally, the Board has reiterated the company's appeal for ₹100 crore in structural repair support from the Noida Authority and Delhi Administration, citing the 25-year-old flyway's need for significant refurbishment to maintain safety and service quality.

NTBCL remains committed to acting in the best interests of its over 60,000 retail shareholders, who collectively hold nearly 70% of the company's equity, while maintaining transparency, compliance, and accountability.

As NTBCL navigates its financial recovery, the company's focus on essential infrastructure maintenance and its ability to leverage advertising revenue appears to be contributing to its improved financial performance. The ongoing legal and regulatory challenges, however, underscore the complex operating environment in which the company continues to operate the crucial DND Flyway connecting Delhi and Noida.

In a recent development, the Delhi High Court has provided interim relief to Noida Toll Bridge Company Limited (NTBCL), granting temporary protection to the toll bridge operator. While specific details about the nature of the legal proceedings or the scope of protection were not disclosed, this decision marks a significant event for the company.

Legal Proceedings

The Delhi High Court's decision to offer temporary protection to NTBCL could have implications for the company's operations and financial standing. However, the exact nature of the protection and its potential impact on the company's business remains unclear at this time.

Company Update

In a separate development, NTBCL has announced the closure of its trading window for insiders. According to a recent corporate filing:

• The trading window for NTBCL shares will be closed from October 1, 2025, until 48 hours after the declaration of Audited Standalone and Consolidated Financial Results for the quarter and six months ending September 30, 2025.
• This closure applies to Designated Persons and their immediate relatives, who are prohibited from trading in the company's securities during this period.
• The company will announce the date of its Board Meeting for considering and declaring the financial results in due course.

Regulatory Compliance

NTBCL is adhering to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and its own Code of Conduct to Regulate, Monitor and Report Trading by Insiders. In compliance with a recent SEBI circular:

• The PAN (Permanent Account Number) of designated persons of the company will be frozen by the National Securities Depository Limited during the trading window closure period.
• This measure aims to prevent insider trading and ensure fair market practices.

These developments highlight the ongoing regulatory compliance efforts of Noida Toll Bridge Company Limited amidst the recent court decision. Investors and stakeholders will likely be watching closely for further updates on both the legal proceedings and the upcoming financial results.