Quarterly Results

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED
31st DECEMBER 2006

(Rs.in Million)

Sl.No.	Particulars	Quarter ended 31.12.06	Quarter ended 31.12.05	Nine Months ended 31.12.06	Nine Months ended 31.12.05	Audited Figures Year ended 31.03.06
1.	Income from Operations	6997.70	4754.51	20031.70	11999.92	18404.40
2.	Other Income	4.78	0.78	22.20	14.83	20.25
3.	Total Income	7002.48	4755.29	20053.90	12014.75	18424.65

4.	Total Expenditure	6195.43	4297.45	18061.69	10890.77	16763.75
	a) (Increase)/Decrease in Stock-in-Trade	20.82	(333.64)	(571.06)	(859.96)	(1203.75)
	b) Consumption of raw materials	2075.61	2058.40	7681.14	5067.27	7584.55
	c) Other construction expenses	3044.48	1979.23	7834.24	4958.47	7644.67
	d) Labour	658.85	376.28	2074.53	1060.58	1777.90
	e) Staff Cost	224.77	116.18	584.75	342.43	473.39
	f) Other Expenditure	170.90	101.00	458.09	321.98	486.99

5.	Profit before Interest, Depreciation and Taxes	807.05	457.84	1992.21	1123.98	1660.90
6.	Interest	185.15	54.90	338.04	173.17	216.95
7.	Depreciation	75.96	53.12	203.01	127.93	181.57
8.	Profit before tax (5-6-7)	545.94	349.82	1451.16	822.88	1262.38
9.	Provision for taxation(Including Deferred Tax & FBT)	96.94	56.00	224.77	133.24	223.34
10.	Net Profit (8-9)	449.00	293.82	1226.39	689.64	1039.04
11.	Paid-up Equity Share Capital (Face value Rs. 2 each)	413.47	200.11	413.47	200.11	206.62
12.	Reserves excluding Revaluation Reserve					9212.31
13.	Basic earnings per share of face Value Rs.2 each (Rs.)	2.17	1.79	5.93	4.28	6.04
14.	Diluted earnings per share of face value Rs.2 each (Rs.)	2.15	1.76	5.88	4.22	5.96
15.	Aggregate of Public Shareholding
	a) No. of Shares (of face value Rs.2/- each)	155204703	73370370	73370370	73370370	63274353
	b) Percentage of share holding	75.07%	73.33%	75.07%	73.33%	61.24%

Notes:

The above results have been reviewed by the Audit Committee and taken on record at the meeting of Board of directors held on 31.01.07.

The Company's operations consist of Construction / Project activities and there are no reportable segments under Accounting Standard 17.
Pursuant to issue of Bonus Shares in the ratio of 1:1 on 23.09.06 the paid-up Capital of the Company stands increased to Rs.413.47 Million. Accordingly, the Earning Per Share (EPS) for the previous periods has been recomputed in accordance with the Accounting Standards AS-20.
Effective 1st April 2006, the Company has adopted the revised Accounting Standard-15 (AS-15), Employee benefits issued by Institute of Chartered Accountants of India. Pursuant to this, the net additional Opening liability as on 1st April 2006, aggregating to Rs.28.67 Million (net of tax expense) in respect of various employee benefits has been adjusted against the opening balance of General Reserve.
The status of Investor complaints for the quarter ended 31.12.06 is: Complaints pending at the beginning of the quarter - Nil, Complaints received and disposed off during the quarter -22, Complaints pending as on 31.12.06 - Nil.
Figures for the previous periods have been regrouped and reclassified to conform to the classification of the current period, where ever necessary.

By Order of the Board

for NAGARJUNA CONSTRUCTION COMPANY LIMITED

Sd/-

Place : Hyderabad

A. RANGA RAJU

Date : 31.01.2007

MANAGING DIRECTOR