Noida Toll Bridge Company Limited — Results, 21-05-2025: Integrated Filing- Financial

Noida Toll Bridge Company Limited has announced a board meeting on May 21, 2025, approving the consolidated financial results for Q4FY25 and FY25.

1) Revenue Performance: Consolidated revenue surged 78% YoY to Rs 42.61 Cr in FY25, mainly boosted by advertising rights since toll collection stopped in 2016. Q4FY25 revenue was Rs 10.94 Cr, up 3% YoY.

2) Profitability and EPS: The group posted a consolidated net loss of Rs 244.19 Cr after tax and exceptional items for FY25, though Q4FY25 saw a profit before tax and exceptionals of Rs 4.05 Cr, up 175% YoY. EPS was not disclosed.

3) Operational Costs: License fees of Rs 3.40 Cr were paid to Noida Authority against Rs 11.17 Cr revenue from the Noida side. An interim payment of Rs 23.80 Cr was made to secured creditors (ICICI Bank). Other expense details or margin trends were not specified.

4) Balance Sheet / Cash Flow Health: Liquidity remains tight. The Board approved Rs 5 Cr for flyway maintenance amid urgent requests for Rs 100 Cr from Noida and Delhi authorities for structural repairs, with no response yet. Interest provisioning on some loans continues to be deferred due to legal issues.

5) Management Commentary / Strategic Outlook: The Board emphasized safeguarding retail investors’ interests (~60,000 investors holding ~70% stake) and maintaining flyway operations despite ongoing legal and financial challenges. Stakeholder engagement continues under the Supreme Court’s oversight, focusing on transparency and compliance.

Final Takeaway: Strong revenue growth driven by advertising is a positive, but heavy net losses and cash constraints persist due to legacy legal and tax problems. Securing government funding for critical repairs will be key. Retail investors should closely monitor legal developments and government support for long-term stability.