Ngc

November 09, 2016

The Secretary
National Stock Exchange of lndia Ltd
5m Floor, Exchange Plaza,
Bandra - Kurla Complex,

The Secretary
Bombay Stock Exchange Ltd,
1s Floor, Nau Trading Ring
Rotunda Building, P J Towers
Dalal Street, Fort

Fax No: O22 - 2659 8237 I 38

MUirtBAl-400001.

Bandna (E),

Fax: 022-22722037139

Dear Sir(s),

Sub: Un-Audited Financial Resuits for the Second QuarEr and Half year ended
30{9- 2016
Ref

: Scrip Code- 8SE600294 & NSE- NCC

ln compliance with Regulation 33 &

30

of the SEBI (Listing Obligations and Disclosure

Requirements), Regulations, 2015, we are encbsing herewtth the Un-Audited Financial Results
for the Second Quarter and Half year ended 3dh September,2016 (standalone) which have
been revienred by the Audit Committee at its meeting held on 8s November,2016 and
November, 2016 and also the
approved by the Board at its meeting held today i.e.,
Limited Review Report fumished by the Joint Stratutory Auditors of the Company. We are also
forwarding herewlth the press release being issued in this connec{ion .The rneeting of the Board
of Directors of the Company commen@d at 10.30 a.m and concluded at 2.00.p.m.

th

We uouH rcquest you to please trake on record the above and post the same on your website
for d'ssemination to the public.
Kindly acknowledge the rereipt.
Thanking you ,
Yours faithfully

For NCC LIMITED.

-ll - z*Ell&

M V Srinivasa Murthy

Company Secretary & EVP (L)

Encl : As above

NCC

Limited

(Formerly Nagarjuna Construction Company Limited)

CIN : 172200AP1990P1C011145

NCC House, Madhapur, Hyderabad 500

081 T+91 40 2326 8888

F +91 40

2312

5555 ncclimited.com

NCC
NCC Limited
CIN

: L72200AP1990PLC011145

Fax: 040-23125555

Statement ef Standalone Assets and Liabitities as at 30th September,

31.03.16

30.09.16

30.u,.16

J0.0!,.15

31.03.16

30.09.15

30.09.15

Sl no

lRefer Note l(a)l

[Refer Notc l(a)l

[Refer Note

l(b)l

[Refcr Note

l(r)l

[Refcr Note l(b)l

Other operating incomc

from operations

8263.4t

1947.5:

1889.99

2066.5:

3837.52

37(t4.4'

0.3:

11.15

n.91

rL4f

54.5'

1947.81

lml-t4

2096.&

3849 0a

3818.96

8325.1(

1080.92

L56,..n

2t )28.81

3861.94

(r

(8s.30)

(6.4s)

1.74

229.2-,

182.50

451.0{

573.71

(r6(r.3(

5Ar.l6

t2n.u

1023.14

23.15.11

84.5:

76.91

76.58

16L5{

145.7(

301.r)5

Dcprcciation and amortisation cxPcnscs

28.24

27.7t

27.98

Othcr expcnscs

43.21

49.7',

57.91

Sub- Contractor rvork bills

l')mployee bcncfits cxPcnse

Expenses
from operations beforc other income, finance costs and excePtional items (l-2)

from ordinary activities befort finance costs end exceptional itcms (3+4)

5
6

ftom ordinary

activitie

after finance costs but bcfort exccptional items

(5{)

cornprehensirc income (aftcr ta-x)

comprehensive incomc (11+12)
up tlquity Sharc Oapital Sace Valuc { 2/- pcr Sharcl

l(19.9(

55.09

2W.81

288.0!

a) Short tcrm

6n.42

c)

borrorvinp

()thcr (lurrcnt liabilitics

28.62

52.24

59.71

1()4.98

196.49

d) Short -term prot'isions

334.53

823.91

Sub-totel -Current liab ilities

192.59

393.03
257.94

507.6(

TOTAL -EQUITY AND LIABILITIES

111.94

t15.09

316.31

135.09

Qn32,
293.v

98.6t

93.98

2(B.0t
131 .3r

59.30

72.64

77.71

4.71
77.7t

72.64

(5.08]

lJ.3{
52.v

s5.4!

il.1,

22.21

146,.71

13.li
103.5

b) Non-currcnt

s6-97

2?2.8!

c) Dcferrcd tax assct (nct)

115.0'

222.81

ll1.l!

1lr.l9

't

Sub- total - Non-

11.11

40

curent

essetlr

and half year ended lLTrtcmbcr 30, N1(t and quartcr cndcd June 30, 201(r arc as pcr the notifrcd Ind ,,\S.
Ind AS to thc cxtent applicablc t() the ()ompany
Sc?tcmbcr 30, 2015 hn'c bcen rccast
the StiBI circular (.IR/(IFD/ I I irC / 62 / Z.t_16 datcd J uly 05, N76, the published figurcs frrr the quartcr and half vcar cndcd
'Ihesc rcsults havc not bccn subicct to limitcd rc\.tcw audit. I k>rr'cvcr thc mrnagcmcnt has excrciscd r-lcccssary duc
havc bcen prcprrcd in rccordance rvith the Oomp:rnics (lndian Accounting Standards) Rtrlcs, 201 5.

Current Assets
a) (,urrent invcstmcrrts

truc ond fair vicrv of thc comPnny affairs.

rcT)ortcd cadicr and thc Ind AS rccast profrts for thc quartcr and half ycar cndcd Scptcmbcr

cnsurc that thc Frnancial rcsults provide

rcconciliation bctwecn thc profits

as

3(1, 2015 is

Shrrrt -tcrm loans arrd adr':rnccs

{)thcr currcnt asscts

lsub- total-Current assets

lf)

l".r"nr--^..t

$ven bclorv.

627.3<.
I (131.0{

36.s',;

2().8(

159.7\

105.5:

105.5(

*o.fi1

0.23

(rtt(r.()1

1656.7i
1324.49

89.22

215.tts

3 t 88.77

2'i 41.9i

967.42

1(,0,1.():

7464-21

7542.34
9444..51

s394-55

l,css than r

Quarter ended

Half Year ended

(Pg!1i.-l'-.-d)--issucd at fair value

14.3
0.27

tn

oI intcrcst
tax on

rcportcd carlier.
(18, 2()16 and approvcd by thc Ronrd
abovc results have bcen rcvicrvcd by thc Audit Committee at its mccting hcld on Novcmbcr
have carricd out a limitcd rcvtcv oF results f<rr the quartcr and half vcar endcd Scptcmbcr 3(), 2016

as

of I)ircctom of

the ()ompany at its mccting hcld

'lhc Stnttrtory
N<>r'cmbcr 09, 2Ol(t.

-)

()rdcr of the R<nrd

for NCC Limited
Ry

23.00 crorcs.

opcmtions primarily consists of Construction

4
5

a possibiliry

I)roiect activitics and thcrc

108 "( )pcrating Segmcnts".

financial stetcments as of and firr thc vcar cnding I\[arch 31, 2017 duc to chrrrges tn 6nancial
financial rcsults may rcquirc adiustmcnt bcforc constiruting thc final Ind
lnd
or rcviscd standards or intcrprctation issucd by r\{CA/r(;AI or changcs tn thc usc ofonc or m()rc optional cscmPti()ns fr<lm full rctr()spcctlve applicltion of ccrtain

qs{E

thtt thcse quartcrly

AS 101.
(t

othcr rcportablc segmcnts undcr Ind

havc bcen rcgtoupcd to frcilitatc comParison rvhcrcvcr nccessary.

, .... .'..I

-L

,n
F"Af
i. I
-.'-

I.Iydernbad

17.3(

1902.18

1532.85

tl) (.ash
le)

629.33
999.0,(

1930.2!

b) Invcntorics
c) 'l radc rcctitlbles

49.1:

5861.lt
9U4.51

invcs tmcnts-

73.

18.()!

Oa

asgets

38.11

1.7 a

t9'72.54

a) l;ixcd Assets

105.9(

1.85

1701.79

ASSETS

Non - current

66.63

(|.99

t116.51

)1)"'

9.4

11 1.19

Basic

1912.61

216s.52

5789

d) Iong-term loans and advanccs

e) ()ther non-currcflt asscts

2.41

22.8(

t74

85.3:

b) 'Iradc pavablcs

9(

49.i.

25.&

Inng -tcrm prorisions

Sub- total -Non -curent liabilities
Current Liabilities

166.62

Per Share (<tf t 2/ - each) (not annualised)

15

76

l0l

8.51

50.9:

c)

211.12

l{4.21
3530.91

-Shareholdcet funds

a) Iong- tcrm borrowinp

b) Other long-term liabilitics

167.91

51.18

1t

14

1s6.&

55.9{
93.0:

ti68-1t

l.r!

7T)7.62

839.60

369.911

1l

111.1!

3408.6i

25.09

22.89

10

L3

1939.

It8.fi

142.8t

74.01

from ordinary activities before tax p+8)

176

1805.0r

1.71

Itcnr.s (nct)

$hereholders' Funds
r) Share (.apital
b) Resen'cs and Surplus

38.96

(19(r.{t5)

87.0,{

22t.81

Changcs in invcntorics of rvork in progrcss

(lonstruction cxPenses

12

798.41

766..N

Cost of mnterials consumed

1.75

[Refcr Note l(d)l

EQUITY AND LIABILITTES

Sub- total

l(a)l

[Refer Notc

[Rcfet Note l(d)l

A
Nct Income from <Pcration-s

Particulars

Sl.no

Audited

Perticulars

2016

c.

tC

A.A.v. RANGA RAJU

Managing Director

Nsc
PRESS RFTEAEE

Slqndqlone:
Second Quorlef

NCC Limited [NCC] ochieved o turnover of t1972.9 Crore (including olher

income) for the 2no quorter of the cunenl yeor os ogoinst t2148.6 Crore in the
coresponding quorter of the previous yeor. The Compony hos reported eornings
before inlerest, toxes ond depreciotion of t171.0 Crore ond o Nel Profft of (5L.1
Crore os ogoinst t184.4 Crore ond t55.4 Crore reported respectively in the
coresponding quorter of the previous yeor. The compony hos posted qn EPS of
t0.92 for 2na quorter os ogoinsl t0.99 in the conesponding quorter of the previous
yeor.
Slx monlhr perlod
The compony hos reported o lurnover of t3902.7 Crore for the six months period
of the cunenl yeor os ogoinst t3923.9 Crore in the coresponding six months
pedod of the previous yeor, EBIDTA of t336.8 Crore ond Net Prolll of il03.5
Crore for the six months pedod ended 30th Seplember,20l6 os ogoinst ?343.1

Crore ond (96.9 Crore reported respectively in the coresponding period of the
previous yeor. The compony hos posted on EPS of T1.86 for the six months period
os ogoinst <1.74 in the conesponding six months of the previous yeor.

ln the first six months period of lhe cunent yeor, the compony hos secured orders
oggregoting t5356 Crore. With lhis, lhe Order Book of NCCL slood ot t18595
Crore os of 30.09.2A16. Besides these orders, the Joinl Venture Compony formed
between NCCL & BGR Mining & lnfro Pvt Ltd., secured o Moior Order reloting lo
the Mine Development cum Operqlion volued oround T34,500 Crore with o
concession pedod of 29 yeors from The Wesl Bengol Power Developmenl Corpn
Ltd. ln lhe oforesoid JV Compony, NCCL is hoving 5l% shore ond os such the
NCCL shore of work is estimoted to be t17,600 Crore. Further, lhe Compony
received new orden oggregoting to <2387 Crore from vorious clienls in October,
2016. With lhis, the totol volue of the orders secured in the first 7 months of the
cunent yeor omounted tol.7713 Crore reloling to vorious divisions ond tI7,600
Crore long term project reloling to the Mining Division.
For NCC Llmlted

AsZr=- c \

Ploce: Hyderobod
Dote : 09.1 1.2016

NCC
(

Limited

Formerly Naga

Cl N

A.RANGA RAJU
MANAGING DIRECTOR

L7

rj

una Construction Company Limited)

2200 AP1990PLCOl

145

NCC House, Madhapur, Hyderabad 500

081

T +91 40 2325

8888

+9L 40 2312

5555 ncclimited.com

M. Bhaskara Rao & Co.

Deloitte Haskins & Sells

Chartered Accountants
5D, Fifth floor
6-3-652, Somajiguda
Hyderabad - 500 082

Chartered Accountants
1-8-384 & 385, 3'd Floor
GowraGrand,SPRoad,
Secunderabad - 500 003

INDEPENDENT AUDITORY REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

TOTHE BOARD OF DIRECTORS OF
NCC LIMITED

1.

We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of

NCC IIMITED ("the Company"), which includes 26 Joint Operations consolidated on a
proportionate basis, for the quarter and six months ended September 30, ZOLG and Standalone
Unaudited Balance Sheet as at September 30, 2016 ("the Statement"), being submitted by the
Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations,2Ot5, as modified by Circular No. CIR/CFD/FAC(62(2OL6
dated July 5, 20!6. We have not performed a review or audit, as stated in Note 1(b), of the
figures relating to the corresponding quarter and six months ended September 30, 2015,
including reconciliation of net profit for the quarter and half year ended September 30, 2015
between the previous GAAP and lndian Accounting Standards ("lND AS"), as reported in this
statement.
This Statement which is the responsibility of the Company's Management and approved by the

Board of Directors, has been prepared in accordance with the recognition and measurement
principles laid down in the lndian Accounting Standard 34 "lnterim Financial Reporting" ("lnd AS
34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued
thereunder and other accounting principles generally accepted in lndia. Our responsibility is to
issue a report on the Statement based on our review.

2.

We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 Review of lnterim Financial lnformation Performed by the lndependent
Auditor of the Entity', issued by the lnstitute of Chartered Accountants of lndia. This Standard
requires that we plan and perform the review to obtain moderate assurance as to whether the
Statement is free of material misstatement. A review is limited primarily to inquiries of Company
personnel and analytical procedures applied to financial data and thus provides less assurance
than an audit. We have not performed an audit and, accordingly, we do not express an audit

opinion.

3.

Based on our review conducted as stated above and the limited review reports received from the

Branch Auditors for the Oman, Nepal and Sri Lanka Branches, nothing has come to our attention
that causes us to believe that the accompanying Statement, prepared in accordance with the
aforesaid lndian Accounting Standards and other accounting principles generally accepted in
lndia, has not disclosed the information required to be disclosed in terms of Regulation 33 of the

Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular

No. CtR/CFD/FAC|62|2OL6 dated July 5, 2OL6, including the manner in which it is to be disclosed,
or that it contains any material misstatement.

SEBI (Listing

FoT DELOITTE HASKINS

For M.BHASKARA RAO & CO

Chartered Accountants
(Firm's Registration No.0004595)

&

SELLS

Chartered Accountants
(Firrn's
ta,

nM. Bhaskara

t 1a f,":')d
Rao

Accr:,

Partner
Membership No. 5L76
Hyderabad, November 9, 20L6

;; , i,,l

ii

nts

lakrish nan

*
tt-1
t _. .

Partner
p No. 201L93
Hyderabad, November 9, 2016