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Our Bureau

Hyderabad, Aug. 1

Nagarjuna Construction Company Ltd (NCC) has registered a growth of 81 per cent in turnover and 100 per cent in net profit for the first quarter of the current fiscal ended June 30, 2006. As per the unaudited financial results taken on record by the NCC board on Monday, the company has achieved a turnover of Rs 652.5 crore as against Rs 359.86 crore in the corresponding quarter of the previous fiscal, gross profit of Rs 55.75 crore (Rs 28.31 crore) and a net profit of Rs 38.4 crore (Rs 19.17 crore). This has resulted in an EPS of Rs 3.72 (Rs 2.41). In a press release here, the NCC Managing Director, Mr A. Ranga Raju, said the company has secured orders of Rs 1,490 crore including an international order of Rs 720 crore, taking the order-book position to Rs 6,270 crore.

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