Quarterly Results

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED
30th JUNE, 2007

(Rs.in Crores)

Sl.No.	Particulars	Quarter ended 30-06-'07	Quarter ended 30-06-'06	Year ended 31-03-'07 (Audited)
1	Income from Operations	762.21	651.74	2871.05
2	Other Income	0.37	0.76	29.18
3	Total Income	762.58	652.50	2900.23

4.	Total Expenditure	682.85	596.75	2601.30
	a) (Increase)/Decrease in Stock-in-Trade	38.12	(54.39)	(59.60)
	b) Consumption of raw materials	217.68	293.87	1014.02
	c) Other construction expenses	314.36	261.81	1212.90
	d) Labour	66.21	65.55	289.91
	e) Staff Cost	30.32	16.20	84.37
	f) Other Expenditure	16.16	13.71	59.70

5.	Profit before Interest, Depreciation and Taxes	79.73	55.75	298.93
6.	Interest	14.52	5.67	50.39
7.	Depreciation	10.44	5.79	29.90
8.	Profit before tax (5-6-7)	54.77	44.29	218.64
9.	Provision for Taxation	18.74	12.91	66.73
10	Profit after tax	36.03	31.38	151.91
11.	Less: Prior year's tax			36.25
12.	Net Profit after prior year's tax	36.03	31.38	115.66
13.	Paidup Equity Share Capital (Face value Rs.2 each)	41.70	20.67	41.70
14.	Reserves excluding revaluation reserves (As per Balance Sheet)			991.43
15.	Basic EPS... Before prior year's Tax	1.73	1.52	7.35
16.	Diluted EPS... Before prior year's Tax	1.73	1.51	7.29
17.	Aggregate of Public Shareholding
	a) No. of Shares (of face value Rs.2/ each)	152748018	69916071	152508018
	b) Percentage of share holding	73.26%	67.64%	73.14%

Notes:

The above results have been reviewed by the Audit Committee and taken on record at the meeting of the Board of Directors held on 30.07.2007.

The Company's operations consist of Construction / Project activities and there are no other reportable segments under Accounting Standard 17.
Consequent to the insertion of an explanation in Section 80 IA of the Income Tax, 1961, by the finance Act 2007 with retrospective effect from A.Y 2000-01, the Company has reviewed its claim for benefit U/Section 80 IA in the fourth quarter 2006-07. Out of total additional tax of Rs. 20.67 crores for the year 2006-07, Rs.7.02 crores pertaining to 1st quarter is adjusted to the provision for taxation for the quarter ended 30th June 2006. Accordingly EPS has also been restated.
Persuant to issue of Bonus shares in the ratio of 1:1 on 23.09.06, the earning per share (EPS) for the quarter ended 30th June 2006 has been restated in accordance with the Accounting Standard (AS)-20.
The Statutory Auditors have carried out limited review of the Un-audited financial results for the quarter ended 30th June 2007.
The status of Investor complaints for the quarter ended 30.06.2007 is : Complaints pending at the beginning of the quarter - Nil, Complaints received and disposed off during the quarter - 34, Complaints pending as on 30.06.2007 - Nil.

By Order of the Board

for NAGARJUNA CONSTRUCTION COMPANY LIMITED

Sd/-

Place : Hyderabad

A. RANGA RAJU

Date : 30.07.2007

MANAGING DIRECTOR