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 Corporate - Financial Performance
Corporate Results - Real Estate & Construction
Nagarjuna Const net up marginally

Hyderabad, Nov. 4

Nagarjuna Construction Company Ltd registered marginal increase in sales income at Rs 1,066.55 crore and net profit of Rs 43.92 crore for the quarter ended September 30 against sales income of Rs 1,045.93 crore and profit of Rs 42.30 crore for the corresponding quarter last year.

In a statement to the BSE, the company informed that during the second quarter, it had raised Rs 367 crore by issuing shares to QIBs. During the quarter, the company entered into agreement of sale of shares held in Gautami Power Ltd for a sale consideration of Rs 112.63 crore. According to the terms of agreement, the transfer of shares will take place in December. Accordingly, the profit on sale of investment of Rs 50 crore has not been recognised in the second quarter numbers. - Our Bureau

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