Nagarjuna Construction Company has declared that its fourth quarter net profit has gone up to three-folds. It has announced its financial results for the fiscal year 2009-10 and it has managed to post an impressive rise in net profit figure.

The company has posted a consolidated net profit of Rs 102.61 crore for the quarter that ended in 31st March, 2010. This net profit figure has grown up by three times in this quarter as compared to the same quarter in the last fiscal. This has been informed by the firm in a filing at the Bombay Stock Exchange.

The total income of the firm has grown up to Rs 1,522.71 crore during the January-March period of fiscal year 2009-10. It was Rs 1,098 crore for the same quarter last year.

The annual consolidated net profit of the company was reported to be Rs 286 crore for the year under review with a hike of 54.59 %.

The board has decided to recommend a dividend of Rs 1.30 per share to the shareholders for the financial year 2009-10.