ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
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Unaudited Financial Results for the quarter ended 30th June, 2008 |
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(Rs. in Lacs) |
Sl. No. |
Particulars |
Quarter Ended |
Year Ended |
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|
30.06.08 |
30.06.07
|
31.03.08 (Audited) |
1 |
Gross Sales/Income from Operations |
36962.74 |
34223.52 |
150006.01 |
|
Less : Excise duty |
4786.67 |
4916.21 |
20428.23 |
|
Net Sales/Income from Operations |
32176.07 |
29307.31 |
129577.78 |
2 |
Other Income |
180.55 |
203.32 |
1747.14 |
3 |
Total Income (1+2) |
32356.62 |
29510.63 |
131324.92 |
4 |
Total Expenditure |
25304.15 |
22174.93 |
98222.66 |
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(a) Increase (-) / decrease (+) in Stock in trade and work-in-progress |
-1100.99 |
-512.79 |
63.56 |
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(b) Purchases of Trading Goods |
1309.65 |
289.26 |
2375.05 |
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(c) Consumption of raw materials |
8890.79 |
8259.72 |
34325.74 |
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(d) Consumption of Stores , Chemicals & Spares |
1228.04 |
1524.81 |
6642.73 |
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(e) Power & Fuel |
4532.73 |
3950.79 |
17104.60 |
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(f) Employees Cost |
2073.26 |
1871.54 |
7533.55 |
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(g) Packing, Freight & Forwarding Charges (Net) |
4433.24 |
3509.17 |
15541.91 |
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(h) Deferred Revenue Expenditure written off |
77.59 * |
127.73 |
729.53 |
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(I) Depreciation |
772.62 |
641.46 |
2707.36 |
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(j) Other Expenditure |
3087.22 |
2513.24 |
11198.63 |
5 |
Profit before interest & tax (3-4) |
7052.47 |
7335.70 |
33102.26 |
6 |
Interest |
387.40 |
556.64 |
1751.87 |
7 |
Profit before tax ( 5-6) |
6665.07 |
6779.06 |
31350.39 |
8 |
Tax Expenses |
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Current Tax |
2713.00 |
2,425.00 |
10120.90 |
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MAT Credit Entitlement (Net) |
- |
- |
(121.68) |
|
Deferred Tax |
(686.75)** |
(128.84) |
(778.15) |
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Fringe Benefit Tax |
28.05 |
22.50 |
125.00 |
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Excess provision for taxation written-back |
- |
- |
(0.12) |
9 |
Net Profit (7-8) |
4610.77 |
4460.40 |
20448.14 |
10 |
Paid-up Equity Share Capital (Face Value per share : Re.1/-) |
1927.38 |
1,483.75 |
1927.15 |
11 |
Reserves excluding Revaluation Reserve |
- |
- |
45775.74 |
12 |
Basic and Diluted earning per share (EPS) (Rupees) # |
2.38 |
2.96 |
11.90 |
13 |
Aggregate of Public Shareholding |
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- Number of shares |
123559430 |
101500330 |
124974930 |
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- Percentage of shareholding |
64.06 |
68.41 |
64.79 |
* |
Includes compensation under voluntary retirement scheme Rs.77.59 lacs ( Rs.101.54 lacs ) |
** |
Includes credit of Rs.213.91 lacs partaining to earlier years. |
# |
After considering proportionate dividend on Cumulative Preference Shares in terms of Accounting Standard 20 |
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Notes:- |
1 |
Limited Review of the above quarterly results has been carried out by the statutory auditors of the Company. |
2 |
Results for the quarter have been affected due to loss of production at Amlai paper unit for 46 days during the quarter due to unprecedented shortage of water.The plant has been fully operational from 6th June, 2008. |
3. |
There were no investor complaints at the begining and the close of the quarter. The company had received five complaints during the quarter, which were resolved during the quarter. |
4. |
There were no exceptional / extraordinary items during the quarter ended 30th June, 2008. |
5. |
The Board of Directors of the Company has decided to amalgamate its wholly owned Subsidiaries, namely Air Conditioning Corporation Ltd and OPI Exports Ltd with the Company with effect from 1st April'2008 subject to necessary approvals. Pending approvals of the aforesaid amalgamation, the operational results pertaineing to the said subsidiaries for the period from 1st April,2008 to 30th June,2008 have not been incorporated in the above results. |
6. |
Previous period figures have been regrouped / rearranged wherever necessary. |
7. |
The above results were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on 29th July, 2008. |
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Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
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Sl. No. |
Particulars |
Quarter Ended
|
Year Ended
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|
30.06.08
|
30.06.07
|
31.03.08
(Audited) |
1 |
Segment Revenue: |
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a) Cement |
21158.67 |
17063.02 |
73319.50 |
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b) Paper & Board |
3,416.80 |
6207.39 |
27420.51 |
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c) Electrical Consumer Durables |
7600.60 |
5914.13 |
28505.69 |
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d) Others |
- |
122.77 |
332.08 |
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Total |
32176.07 |
29307.31 |
129577.78 |
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Less : Inter Segment Revenue |
- |
- |
- |
|
Net Sales/Income from Operations |
32176.07 |
29307.31 |
129577.78 |
2 |
Segment Results : (Profit (+)/Loss(-) before interest & Tax from each segment) : |
8411.04
|
7362.20
|
31197.68
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a) Cement |
(396.57) |
576.68 |
3598.20 |
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b) Paper & Board - Amlai |
(198.39) |
(237.43) |
(924.63) |
|
- Brajrajnagar * |
(594.96) |
339.25 |
2673.57 |
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c) Electrical Consumer Durables |
456.67 |
210.05 |
2186.10 |
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d) Others |
- |
-14.54 |
144.17 |
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Total |
8272.75 |
7896.96 |
36201.52 |
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Less: |
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(i) Interest |
387.40 |
556.64 |
1751.87 |
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(ii) Other un-allocable expenditure net of un-allocable income |
1220.28 |
561.26 |
3099.26 |
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Total Profit before Tax |
6665.07 |
6779.06 |
31350.39 |
3 |
Capital Employed: |
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a) Paper & Board |
20225.36 |
13604.22 |
15358.77 |
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b) Cement |
45458.37 |
26255.80 |
38825.17 |
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c) Electrical Consumer Durables |
7558.31 |
5679.37 |
8560.30 |
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d) Others |
1657.29 |
2038.91 |
2209.72 |
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Total |
74899.33 |
47578.30 |
64953.96 |
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* |
Shown separately since the unit is non - operational. |