Press Release

NCCL STANDALONE:

Nagarjuna Construction Company Limited has achieved a Turnover of Rs.1258 crores in the 4th quarter as against Rs.895 crores of previous year registering an impressive growth of 41% over corresponding quarter of the previous year. The operations of the company have resulted in an EBIDTA of Rs.109 crores and a net profit of Rs. 52.6 Crores as against Rs.73 crores and Rs. 49.9 crores respectively in the corresponding quarter of the previous year.

The Company has reported a turnover of Rs.3478 crores for the year as against Rs.2900 crores and an EBIDTA of Rs.360 crores as against Rs.270 crores of the previous year.The company has also reported a net profit of Rs.164 crores as against Rs. 152 crores of the previous year.

The company has recorded a basic EPS of Rs.7.51 for the year 2007-08 as against Rs.5.59 of previous year.

CONSOLIDATED RESULTS:

Nagarjuna Construction Company Limited, on a consolidated basis has achieved a turnover of Rs.3659 Crores (Consolidated) for the year ended 31st March 2008 as against turnover of Rs.2952 crores in the Previous Year, registering a growth of 24% over the Previous Year. The Company posted an EBIDTA of Rs.398 Crores (Consolidated) and net profit after tax of Rs.167 crores for the year as against Rs.293 Crores and Rs.96.4 crores respectively in the Previous Year.

The order book of the Company stood at Rs.11380 crores as on 31.03.2008.

The Board of Directors at their meeting held on 30.05.2008 have recommended an equity dividend of 65% (60% during Previous Year) subject to the approval of Shareholders at the Annual General Meeting.

As per the Business Plan for the Financial Year 2008-09 approved by the Board at its meeting held today, the Company has targeted to achieve a turnover of Rs.4500 Crores on stand alone basis and Rs.5000 crores on consolidated basis for the year 2008-09.

 
For Nagarjuna Construction Company Limited
Place:Hyderabad
Date:30-05-2008 
sd/-
A.RANGA RAJU
MANAGING DIRECTOR
   
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH, 2008
(Rs. in Crore)
Sl.No.
Particulars
Quarter ended Year Ended Consoli-dated
for the year ended
31-03-08 31-03-07 31-03-08 31-03-07 31-03-08 31-03-07
1. Net Sales / Income from Operations 1254.07 867.88 3472.94 2871.05 3635.39 2948.55
2. Other Income 3.72 26.96 5.55 29.18 23.58 3.46
3. Total Income 1257.79 894.84 3478.49 2900.23 3658.97 2952.01
               
4. Expenditure            
  a) (Inc.) / Dec in Stock-in-trade and work in progress (26.85) (2.49) (77.38) (59.60) (209.94) (107.12)
  b) Consumption of raw materials 456.35 245.91 1171.82 1014.02 1239.92 1053.08
  c)Sub-contractors work bills 418.07 333.63 1133.93 951.23 1249.45 995.02
  d) Other Construction Expenses 120.94 95.85 344.06 261.67 365.93 269.43
  e) Labour 113.99 82.46 322.81 289.91 331.59 290.63
  f) Employee Cost 38.65 25.89 140.17 84.37 164.32 91.04
  g) Depreciation 13.78 9.60 48.21 29.90 60.66 38.08
  h) Other Expenditure 23.53 13.89 77.73 59.70 96.46 63.67
  Total 1158.46 804.74 3161.35 2631.20 3298.39 2693.83
               
5. Profit before Interest, Taxes 99.33 90.10 317.14 269.03 360.58 258.18
6. Interest 17.40 16.59 71.94 50.39 106.29 57.89
7. Profit from Ordinary Activities before tax 81.93 73.51 245.20 218.64 254.29 200.29
8. a)Tax Expense 27.14 23.58 81.09 66.73 83.27 67.60
  b) Prior Year's tax 2.16 36.25 2.16 36.25 2.16 36.25
9. Net Profit from Ordinary Activities after tax 52.63 13.68 161.95 115.66 168.86 96.44
10. Minority interest         (0.26) 0.00
11. Share of Profit from Associate Companies (Net ofTax)         (1.13) 0.03
12. Net Profit 52.63 13.68 161.95 115.66 167.47 96.47
13. Paid up Equity Share Capital
(Face value of Rs.2 per Share)		 45.77 41.70 45.77 41.70 45.77 41.70
14. Reserves excluding revaluation Reserves (As per Balance Sheet)     1520.99 991.43 1582.66 968.90
15. Earnings Per Share (EPS)            
  i) Basic 2.39 0.66 7.51 5.59 7.77 4.67
  ii) Diluted 2.39 0.66 7.50 5.55 7.68 4.63
16. Public Shareholding            
  a) Number of Shares 173450992 152508018 173450992 152508018 173450992 152508018
  b) Percentage of shareholding 75.80% 73.14% 75.80% 73.14% 75.80% 73.14%


Notes:

  1. The Board of Directors have recommended 65% Equity Dividend for the Year 2007-08.

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

  3. Figures have been regrouped to facilitate comparison wherever necessary.

  4. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on: 30th May, 2008

  5. The Consolidated Financial Results include results of all the Subsidiaries and Associates of Nagarjuna Construction Company Limited and are prepared in accordance with AS-21, AS-23 & AS-27. 

  6. There were no investor complaints pending at the beginning and at the end of the quarter; 15 complaints were received and resolved duing the quarter ended 31.03.08. 
By Order of the Board
for NAGARJUNA CONSTRUCTION COMPANY LIMITED
 


                              Sd/-
Place : Hyderabad
                         A. RANGA RAJU
Date : 30.05.2008
                     MANAGING DIRECTOR