BRNL Result Second Quarter 2018

Published On: November 14th 2018 at 9:33 PM

BRNLStandalone revenue of 4065.23 lakhs during the half year ended September 30, 2018 as compared to Rs 1840.25 lakhs during the corresponding period of previous year, registering a growth of 121%. Total revenue for the quarter ended September 30, 2018 increased by 47% to 2145.40 lakhs as against Rs 1460.95 lakhs recorded during the quarter
ended September 30, 2017.

The company’s standalone profit after tax during the half year ending September 30, 2018 was Rs 1167.54 lakhs as compared to Rs 836.54 lakhs in the corresponding period of previous year, a growth of 40%.

The company witnessed a healthy growth in traffic and revenue across all its operating projects. During the half year ending September 30, 2018, the average daily traffic (ADT) in passenger car unit (“PCU”) terms grew by 4.9% Year-on-Year. The total toll revenue across the portfolio for the half year ended September 30, 2018 increased by 7.07% to Rs 30,760 lakhs as against Rs 28,730 lakhs recorded for the half year ended September 30, 2017. Toll revenue during the quarter ended September 30, 2018 was Rs 14,760 lakhs against 14,110 lakhs during the corresponding quarter last year.

About BRNL:

Bharat Road Network Limited (BRNL) is a road BOT company in India, focused on development, implementation, operation and maintenance of roads and highways projects. BRNL is involved in the development, operation and maintenance of national and state highways in several states in India with projects in states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha.

BRNL has a project portfolio consisting of six BOT projects, of which five projects are operational and one project is under final phase of completion. As on September 2018 the company is managing road assets of Rs. 6,806 crore, covering 2,095 lane kilometres across six states in India.