Quarterly Results

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED
31st MARCH, 2010

(Rs. in Lakhs)

Sl.No.	Particulars	Quarter Ended		Year Ended		Consolidated for the Year Ended
Sl.No.	Particulars	31-03-10	31-03-09	31-03-10	31-03-09	31-03-10	31-03-09
1.	Net Income from Operations	152181.09	109585.24	477530.21	411993.73	576767.49	472412.00
	OtherOperating Income	90.21	219.76	251.99	3147.07	12963.61	6233.90
	Total Income	152271.30	109805.00	477782.20	415140.80	589731.10	478645.90

2.	Expenditure
	a) (Inc.) / Dec. in Stock-in-trade and work in progress	5417.10	2166.40	4075.00	(13782.50)	(2832.30)	(22337.10)
	b) Consumption of Raw materials	58862.60	30744.20	176621.70	144203.60	213537.00	162390.20
	c) Sub-contractors work bills	38409.80	43195.60	127136.80	140276.90	159927.30	158464.00
	d) Other Construction Expenses	14270.20	8832.40	48486.70	39793.80	59848.90	47571.80
	e) Labour	12584.10	10799.80	45010.90	39227.50	49879.70	42085.20
	f) Employee Cost	4717.40	4085.00	18412.90	18859.40	27495.30	25905.30
	g) Depreciation	1364.50	1226.50	5254.50	5330.20	9656.50	8228.90
	h) Other Expenditure	2737.00	1605.10	9693.60	9195.00	16047.60	14125.59
	Total	138362.70	102655.00	434692.10	383103.90	533560.00	436433.89

3.	Profit from operations before Other Income, Interest & Exceptional Items (1-2)	13908.60	7150.00	43090.10	32036.90	56171.10	42212.01
4.	Other Income	124.00	147.90	481.70	416.30	1706.30	1584.10
5.	Profit before Interest & Exceptional Items (3+4)	14032.60	7297.90	43571.80	32453.20	57877.40	43796.11
6.	Interest & Finance Cost (Net)	3481.40	2128.40	13224.20	9635.90	22113.80	17367.00
7.	Profit after Interest but before Exceptional Items (5-6)	10551.20	5169.50	30347.60	22817.30	35763.60	26429.11
8.	Exceptional Items	4956.00	-	4956.00	-	4956.00	-
9.	Profit from Ordinary Activities before tax (7+8)	15507.20	5169.50	35303.60	22817.30	40719.60	26429.11
10.	Tax Expense	5245.40	1348.60	12042.10	7431.40	12112.80	7926.54
11.	Net Profit from Ordinary Activities after tax (9-10)	10261.80	3820.90	23261.50	15385.90	28606.80	18502.57
12.	Extraordinary Items (Net of tax expense Rs.___ )	-	-	-	-	-	-
13	Minority interest					270.30	(115.70)
14.	Share of Profit from Associate Companies (Net ofTax)					(602.80)	(252.80)
15.	Net Profit for the Period	10261.80	3820.90	23261.50	15385.90	28274.30	18134.07
16.	a) Paid up Equity Share Capital (Face value of Rs.2 per Share)	5131.70	4577.02	5131.70	4577.02	5131.70	4577.02
	b) Paid up Debt Capital			20000.00	10000.00
17.	a) Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year			219433.90	163978.10	225607.20	168016.87
	b) Debenture Redemption Reserve			3500.00	2500.00
18.	Earnings Per Share (EPS) (Rs.)
	Basic and Diluted	4.00	1.67	9.50	6.72	11.55	7.93
19.	a) Debt Equity Ratio			0.68	0.74
	b) Debt Service Coverage Ratio*			2.93	1.87
	c) Interest Coverage Ratio**			4.23	4.58
20.	Public Shareholding
	a) Number of Shares	204734573	172918783	204734573	172918783	204734573	172918783
	b) Percentage of shareholding	79.79%	75.56%	79.79%	75.56%	79.79%	75.56%
21.	Promoters and Promoter group Shareholding
	a) Pledged / Encombered - No. of Shares	4470000	24900000	4470000	24900000	4470000	24900000
	Percentage of shares (as a % of the total share holding of promotor and promotor group)	8.63%	44.63%	8.63%	44.63%	8.36%	44.63%
	Percentage of shareholding (as a % of the total share capital of the company)	1.74%	10.88%	1.74%	10.88%	1.74%	10.88%
	b) Non / Encombered - No. of Shares	47336687	30888227	47336687	30888227	47336687	30888227
	Percentage of shares (as a % of the total share holding of promotor and promotor group)	91.37%	55.37%	91.37%	55.37%	91.37%	55.37%
	Percentage of shares (as a % of the total share capital of the company)	18.45%	13.50%	18.45%	13.50%	18.45%	13.50%

*DSCR [Profit before interest, depreciation and exceptional items / (Interest + Principal repayments of long-term debt during the year)]

**ICR [Profit before interest, depreciation and exceptional items / Interest expense during the year]

Notes:

The Board of Directors have recommended a Dividend of Rs. 1.30 per Equity share (65%) for the Year 2009-10.

The Company's operations consist of Construction / Project activities and there are no other reportable segments under Accounting Standards 17.
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: 25th May, 2010.
The Consolidated Financial Results include results of all the Subsidiaries, Associates and Joint Ventures of Nagarjuna Construction Company Limited and are prepared in accordance with AS-21, AS-23 & AS-27.
Exceptional item for the quarter ended 31st March, 2010 represent gain arising on sale of investment in Gautami Power Limited.
There were no investor complaints pending at the beginning and at the end of the quarter. 18 complaints were received and resolved duing the quarter ended 31st March, 2010.
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 : 25.05.2010

MANAGING DIRECTOR