Press Release

Nagarjuna Construction Company Limited [NCCL] achieved a turnover of Rs.972 Crores (standalone) for the 1st quarter of the current year 2008-09 as against Rs.763 Crores in the corresponding quarter of the previous year, registering a growth of 27% over the previous period. The Company has reported an EBITDA of Rs.91.57 Crores and a Net Profit of Rs.37.09 Crs as against Rs.79.35 crores and Rs.36.03 crores reported respectively in the corresponding quarter of previous year.

The Company has posted an EPS of Rs.1.62 (not annualized) as against Rs.1.73 in the corresponding quarter of the previous year. In the current year, the company so far secured orders aggregating Rs.1802 crores and the Order Book stood at Rs.12,155 crores as at the end of the quarter.

 
For Nagarjuna Construction Company Limited
Place:Hyderabad
Date:31-07-2008 
sd/-
A.RANGA RAJU
MANAGING DIRECTOR
   
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED
30th JUNE, 2008
(Rs.in Lakhs)
Sl.No.
Particulars
Quarter Ended
 Year Ended (Audited)
30-06-'08 30-06-'07 31-03-'08
1 Net Sales / Income from Operations 97093.90 76220.80 347293.80
2 Other Income 85.30 37.20 555.60
3 Total Income 97179.20 76258.00 347849.40
         
4. Expenditure      
  a) (Inc.) / Dec. in Stock-in-Trade and work in progress (7011.60) 3812.20 (7738.00)
  b) Consumption of Raw materials 36078.30 21779.40 117366.60
  c) Sub-contractors work bills 32057.60 24039.70 113392.80
  d) Other Construction Expenses 9909.30 7384.20 34222.50
  e) Labour 9608.80 6621.40 32280.60
  f) Employee Cost 5007.20 3032.10 14017.20
  g) Depreciation 1419.00 1043.70 4820.60
  h) Other Expenditure 2287.30 1616.40 7773.30
  Total 89355.90 69329.10 316135.60
         
5. Profit before Interest &Taxes 7823.30 6928.90 31713.80
6. Interest 2385.30 1451.60 7194.40
7. Profit from Ordinary Activities before tax 5438.00 5477.30 24519.40
8. a)Tax Expense 1729.90 1874.20 8108.60
  b) Prior Year's tax     216.10
9. Net Profit from Ordinary Activities after tax 3708.10 3603.10 16194.70
10. Paidup Equity Share Capital (Face value Rs.2 per share) 4576.80 4170.20 4576.80
11. Reserves excluding Revaluation Reserves (As per Balance Sheet)     152091.80
12. Earnings Per Share (EPS)      
  i) Basic 1.62 1.73 7.41
  ii) Diluted 1.62 1.73 7.40
13. Aggregate of Public Share holding      
  a) Number of Shares 173810992 152748018 173450992
  b) Percentage of shareholding 75.95% 73.26% 75.80%


Notes:

  1. The above results have been reviewed by the Audit Committee and approved at the meeting of the Board of Directors held on 31st July, 2008.

  2. The Company's operations consist of Construction / Project activities and there are no other reportable segments under Accounting Standard 17.

  3. The Statutory Auditors have carried out limited review of the Un-audited financial results for the quarter ended 30th June 2008.

  4. There were no investors' complaints pending at the beginning and at the close of the Quarter. The company has received and resolved 16 investor's complaints during the quarter ended 30th June, 2008.

  5. Figures have been regrouped to facilitate comparison wherever necessary.
By Order of the Board
for NAGARJUNA CONSTRUCTION COMPANY LIMITED
 


                              Sd/-
Place : Hyderabad
                         A. RANGA RAJU
Date : 31.07.2008
                     MANAGING DIRECTOR