New Delhi: Noida Toll Bridge Company Limited (NTBCL) reported a sharp turnaround in its financial performance for the third quarter of FY26, posting a consolidated profit after tax of ₹15.48 crore, aided by higher advertising income and a one-time exceptional gain.
The IL&FS Group company’s consolidated revenue for Q3FY26 stood at ₹23.28 crore, compared with ₹10.30 crore in the same quarter last year, marking a 126% year-on-year growth. Excluding a one-time exceptional income of ₹11.44 crore, revenue growth stood at 14.95%, the company said following its board meeting on Thursday.
In the year-ago quarter, NTBCL had reported a loss of ₹238.36 crore, largely due to an impairment charge of ₹232 crore on intangible assets.
Standalone Performance
On a standalone basis, NTBCL reported profit after tax of ₹15.23 crore in Q3FY26, compared with a loss of ₹4.68 crore in the corresponding quarter last year. Standalone revenue also rose 126% year-on-year to ₹23.28 crore, supported primarily by advertising income.
Advertising continued to be the company’s key revenue stream, funding routine operations, safety measures, maintenance work, and statutory payments to the NOIDA Authority. During the nine months ended December 2025, NTBCL shared ₹2.55 crore with the NOIDA Authority from advertising revenue, in line with the concession agreement.
Operations and Maintenance
The company reiterated its commitment to maintaining the DND Flyway, which caters to over 2.5 lakh commuters daily. During the period, NTBCL undertook multiple repair works including bituminous concrete, SDBC works, micro-surfacing, and other carriageway repairs.
As part of the second phase of its upgradation programme, NTBCL awarded contracts and commenced preparatory activities in October 2025. However, GRAP-IV restrictions led to a delay of nearly five weeks, pushing execution timelines into December.
Subject to the lifting of restrictions, the company expects the upgradation work to be completed within approximately five weeks, extending the timeline to March 2026.
The Board was also informed about the appointment of an external consultant to conduct a comprehensive assessment of long-term operating and maintenance requirements of the Flyway.
Legal Update on Advertising Revenue
The Board took note of the continuation of interim relief granted by the Delhi High Court, which has restrained the NOIDA Authority from taking coercive action against NTBCL in connection with its demand to halt advertisement displays and recover over ₹100 crore in alleged licence fees.
The matter, last heard on January 16, 2026, is now listed for hearing on April 27, 2026. NTBCL reiterated that advertising revenue remains lawful and essential following the suspension of toll collection in 2016.
The company reaffirmed its commitment to protecting the interests of over 60,000 retail shareholders, who together hold nearly 70% of its equity, while maintaining transparency and regulatory compliance.
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