Quarterly Results

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED
31st DECEMBER, 2005

(Rs.in Million)

Sl.No.	Particulars	Quarter ended 31.12.05	Quarter ended 31.12.04	Nine Months ended 31.12.05	Nine Months ended 31.12.04	Audited Figures Year ended 31.03.05
1.	Income from Operations	4724.38	2642.45	11969.79	7384.97	11884.98
2.	Other Income	16.50	11.77	43.73	26.26	48.80
3.	Total Income	4740.88	2654.22	12013.52	7411.23	11933.78

4.	Total Expenditure	4267.32	2423.66	10860.64	6799.66	10977.93
	a) (Increase)/Decrease in Stock-in-Trade	(333.64)	(203.84)	(859.96)	(199.39)	(164.69)
	b) Consumption of raw materials	2058.40	1263.32	5067.27	3069.66	5381.61
	c) Other construction expenses	1949.10	891.45	4928.34	2787.45	4083.23
	d) Labour	376.28	324.54	1060.58	749.94	1106.77
	e) Staff Cost	116.18	77.80	342.43	209.29	309.48
	f) Other Expenditure	101.00	70.39	321.98	182.71	261.53

5.	Profit before Interest, Depreciation and Taxes	473.56	230.56	1152.88	611.57	955.85
6.	Interest	96.67	37.80	228.12	98.58	146.95
7.	Depreciation	53.12	30.82	127.93	80.57	108.88
8.	Profit before tax (5-6-7)	323.77	161.94	796.83	432.42	700.02
9.	Provision for Taxation	56.00	41.10	133.24	95.96	127.32
10.	Net Profit (8-9)	267.77	120.84	663.59	336.46	572.70
11.	Paid-up Equity Share Capital (Face value Rs. 2 per Share)	200.11	144.00	200.11	144.00	159.00
12.	Reserves excluding revaluation reserves (as per Balance Sheet)					3087.39
13.	Basic EPS for Rs.2/- share (Rs.)	3.25	1.94	8.25	5.71	9.17
14.	Diluted EPS for Rs.2/- share (Rs.)	3.21	1.82	8.13	5.42	8.58
17.	Aggregate of Public Shareholding
	a) Number of shares	73370370	9779224	73370370	9779224	10475098
	b) Percentage of share holding	73.33%	67.91%	73.33%	67.91%	65.88%

Notes:

The increase in the paid-up Equity Share Capital is on account of allotment of 20547940 Equity Shares of Rs.2/- each underlying the 20547940 Global Depository Receipts of US $ 5.11 each issued by the company in the second half of December 2005.
Provision for Taxation is inclusive of Income Tax, Fringe Benefit Tax and Deferred Tax.
Figures for the previous periods have been regrouped / recast wherever necessary.
As the Gross Income and Profit from other Segments are insignificant and below the norms prescribed under AS-17, separate disclosure is not made.
The Status of Investors complaints for the quarter ended 31.12.2005 is : Complaints pending at the beginning of quarter Nil; Complaints received during the quarter-8 Complaints disposed off during the qtr. 8 Complaints pending as on 31.12.2005 Nil.
The above results have been reviewed by the Audit committee and taken on record at the meeting of Board of Directors held on 28.01.2006.

By Order of the Board

for NAGARJUNA CONSTRUCTION COMPANY LIMITED

Sd/-

Place : Hyderabad

A. RANGA RAJU

Date : 28.01.2006

MANAGING DIRECTOR