Nagarjuna Construction Company Limited [NCCL] achieved turnover of Rs.1002.41 crores (standalone) for the 1st quarter of the current year 2009-10 as against Rs.972 crores in the corresponding quarter of the previous year. The Company has reported earnings before interest, taxes, depreciation and amortization of Rs.103.79 crores and net profit of Rs.38.22 crores as against Rs.91.57 crores and Rs.37.09 crores respectively reported in the corresponding quarter of the previous year.

The Company has posted earning per share of Rs.1.67 (not annualized) as against Rs.1.62 in the corresponding quarter of the previous year. In the current year, the Company has so far secured orders aggregating Rs.2874 crores and the order book stood at Rs.13902 crores as at the end of the quarter.

The board of directors of NCCL has also accorded approval for the sale of a 9.5% equity stake in Gautami Power to the GVK group for a total consideration of Rs.112.63 crores subject to satisfaction of the terms and conditions of the transaction. The company anticipates that the sale will result in a capital gain of approximately Rs.50 crores for Nagarjuna Construction Co Ltd.