HomeNewsIndiaNoida Toll Bridge Co posts Q4 net loss at Rs 13 cr

Noida Toll Bridge Co posts Q4 net loss at Rs 13 cr

Noida Toll Bridge Co today reported marginal narrowing of its standalone loss to Rs 13.09 crore for the quarter ended March 2018. The company had posted standalone loss after tax of Rs 14.58 crore in the year-ago period, it said in a BSE filing.

May 25, 2018 / 21:24 IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
     
     
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    Noida Toll Bridge Co today reported marginal narrowing of its standalone loss to Rs 13.09 crore for the quarter ended March 2018. The company had posted standalone loss after tax of Rs 14.58 crore in the year-ago period, it said in a BSE filing.

    However, the company's standalone income increased to Rs 5.88 crore, over Rs 3.23 crore in the year-ago period.

    Total expenditure on a standalone basis increased to Rs 18.86 crore over Rs 17.62 crore in the corresponding quarter of 2016-17.

    The company has been promoted by Infrastructure Leasing and Financial Services Ltd as a special purpose vehicle to develop, construct, operate and maintain the DND Flyway on a build-own-operate-transfer basis, according to the company's website.

    PTI
    first published: May 25, 2018 08:59 pm

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