Quarterly Results

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE
MONTHS ENDED 31st DECEMBER 2009

(Rs. in Lakhs)

Sl.No.	Particulars	Quarter Ended		Nine Months Ended		Year Ended (Audited)
Sl.No.	Particulars	31-12-'09	31-12-'08	31-12-'09	31-12-'08	31-03-'09
1.	Net Income from Operations	118654.12	102206.29	325349.12	302408.49	411993.73
	Other Operating Income	50.18	453.61	161.78	2927.31	3147.07
	Total Income	118704.30	102659.90	325510.90	305335.80	415140.80
2.	Expenditure
	a) (Inc.) / Dec. in stock-in-trade and work in progress	(3350.10)	(5396.10)	(1342.10)	(15948.90)	(13782.50)
	b) Consumption of Raw Materials	51661.90	40020.30	117759.10	113459.40	144203.60
	c) Sub-contractor Work Bills	27960.60	31786.90	88727.00	97081.30	140276.90
	d) Other Construction Expenses	11840.50	10555.00	34216.50	30961.40	39793.80
	e) Labour	11756.60	9457.80	32426.80	28427.70	39227.50
	f) Employee cost	4622.50	4581.70	13695.50	14774.40	18859.40
	g) Depreciation	1330.20	1190.50	3890.00	4103.70	5330.20
	h) Other Expenditure	2405.70	2668.60	6956.60	7589.90	9195.00
	Total	108227.90	94864.70	296329.40	280448.90	383103.90
3.	Profit from Operations before other Income, Interest & Exceptional Items (1-2)	10476.40	7795.20	29181.50	24886.90	32036.90
4.	Other Income	136.60	83.60	357.70	268.40	416.30
5.	Profit before Interest & Exceptional Items (3+4)	10613.00	7878.80	29539.20	25155.30	32453.20
6.	Interest & Finance Cost (Net)	3056.90	2376.20	9742.80	7507.50	9635.90
7.	Profit after Interest but before Exceptional Items (5-6)	7556.10	5502.60	19796.40	17647.80	22817.30
8.	Exceptional Items	-	-	-	-	-
9.	Profit from ordinary activities before Tax (7+8)	7556.10	5502.60	19796.40	17647.80	22817.30
10.	Tax Expenses	2770.40	1875.90	6796.70	6082.80	7431.40
11.	Net Profit from ordinary activities after Tax (9-10)	4785.70	3626.70	12999.70	11565.00	15385.90
12.	Extraordinary Items (Net of tax expense)	-	-	-	-	-
13.	Net Profit for the period	4785.70	3626.70	12999.70	11565.00	15385.90
14.	Paid up Equity Share Capital (Face Value Rs.2/- per Share)	5131.68	4576.93	5131.68	4576.93	4577.02
15.	Reserves excluding Revaluation Reserves as per Balance Sheet of previous accounting year					163978.10
16.	Earnings per Share (EPS )(Rs.)
	Basic and Diluted	1.86	1.58	5.40	5.05	6.72
17.	a) Debt Service Coverage Ratio					2.49
	b) Interest Coverage Ratio					3.15
18.	Public Shareholding
	a) Number of Shares	204634573	172902873	204634573	17290873	172918783
	b) Percentage of shareholding	79.75%	75.55%	79.75%	75.55%	75.56%
19.	Promoters and Promoter group Shareholding
	a) Pledged / Encumbered - No. of Shares	3645000		3645000		24900000
	Percentage of shares (as a % of the total share holding of promoter and promoter group)	7.02%		7.02%		44.63%
	Percentage of shareholding (as a % of the total share capital of the company)	1.42%		1.42%		10.88%
20.	b) Non / encumbered - No. of Shares	48261687		48261687		30888227
	Percentage of shares (as a % of the total share holding of promoter and promoter group)	92.98%		92.98%		55.37%
	Percentage of shares (as a % of the total share capital of the company)	18.81%		18.81%		13.50%

Notes:

The above results have been reviewed by the Audit Committee and approved at the meeting of the Board of Directors held on 27th January, 2010.
The Company's operations consist of Construction / Project activities and there are no other reportable segments under Accounting Standard 17.
The Statutory Auditors have carried out limited review of theUn-audited financial results for the quarter and Nine months ended 31 st December 2009.
There were no investors' complaints pending at the beginning and at the close of the Quarter. The company has received and resolved 33 investors' complaints during the quarter ended 31st December, 2009.
The Company has entered into an agreement for sale of shares held by it in Gautami Power Limited for a consideration of Rs. 11,263.50 Lakhs Since transaction has not consummated before 31-12-2009, profit on sale of Investment of Rs. 5,006 Lakhs is not recognised in the above results .
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 : 27.01.2010

MANAGING DIRECTOR