Orient Paper & Industries Limited
 
 
 
 
 
 
 
 
 
 
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ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]

  
Unaudited Financial Results for the quarter ended 30th June, 2009
        (Rs. in Lacs)
Sl. No. Particulars Quarter Ended Year Ended
    30.06.09
(Unaudited)

30.06.08
(Unaudited)

31.03.09 (Audited)
1 Gross Sales/Income from Operations 37627.01 36962.74 169063.36
  Less : Excise duty 3100.88  4776.57 18745.60
  (a) Net Sales/Income from Operations 34526.13  32186.17  150317.76
  (b) Other Operating Income 168.16   88.30 1636.03
  Total Income 34694.29  32274.47  151953.79
2 Expenditure 29070.67   24307.94 114652.28
  (a) Increase(-)/decrease(+) in Stock in trade and work-in-progress -1072.61   -1100.99 201.66
  (b) Purchases of Trading Goods 2156.64 1306.54 6037.22
  (c) Consumption of raw materials 10895.30  8813.95  36498.30
  (d) Consumption of Stores , Chemicals & Spares 1082.45  1222.22  7251.26
  (e) Power & Fuel 4398.98  4532.73  21461.25
  (f) Employees Cost 2441.36   2073.26 8686.15
  (g) Packing, Freight & Forwarding Charges 4188.17  4432.27  18830.97
  (h) Deferred Revenue Expenditure written off * 58.01  77.59  311.94
  (I) Depreciation 892.65  772.62  3471.39
  (j) Other Expenditure 4029.72   2177.75 11902.14
3 Profit from Operations before Other Income, Interest, Exceptional Items & tax (1-2) 5623.62   7966.53 37301.51
4 Other Income 85.30  112.71  645.16
5 Profit before Interest, Exceptional Items & tax (3+4) 5708.92  8079.24  37946.67
6 Interest 607.08  407.86  2067.92
7 Profit after Interest but before Exceptional Items & tax (5-6) 5101.84  7671.38  35878.75
8 Exceptional items - 1,006.31  4865.88
9 Profit from Ordinary Activities before tax (7-8) 5101.84   6665.07 31012.87
10 Tax Expenses      
  Current Tax 1,848.00 2,713.00 10445.75
  MAT Credit Entitlement (Net) - - (75.98)
  Deferred Tax (119.38)  (686.75)  471.70
  Fringe Benefit Tax 28.00 28.05 162.00
11 Net Profit from Ordinary Activities after tax (9-10) 3345.22   4610.77 20009.40
12 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1928.46  1927.38  1927.67
13 Reserves excluding Revaluation Reserve - - 62318.24
14 Basic and Diluted earning per share (EPS) (Rupees) # 1.73  2.38  10.36
15 Aggregate of Public Shareholding      
  - Number of shares 122090943  123559430  121889205
  - Percentage of shareholding 63.30  64.06 63.19
16 Promoters and Promoter Group Share Holding      
  (a) Pledged / Encumbered      
  Number of shares Nil   Nil
  Percentage of shares (as % of the total shareholding of promoter and promoter group) Nil   Nil
  Percentage of shares (as % of the total share capital of the company) Nil   Nil
  (b) Non- Encumbered      
  Number of shares 70793827   70995565
  Percentage of shares (as % of the total shareholding of promoter and promoter group) 100%   100%
  Percentage of shares (as % of the total share capital of the company) 36.70   36.81
 * Represents compensation under voluntary retirement scheme.
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 were adversely impacted due to (i) prolonged shut down of the paper plant for up gradation of the pulp mill (ii) lower clinker production because of stoppage of Kiln No. 1 for up gradation and Kiln No. 2 for relining, which was partially made up by purchase of clinker at higher cost. All Plants have since become operational.
3. There were no investor complaints at the beginning and the close of the quarter. The company had received three complaints during the quarter, which were resolved during the quarter.
4. There were no extraordinary items during the quarter ended 30th June '2009.
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'2009 subject to necessary approvals. Pending approvals of the aforesaid amalgamation, the operational results pertaining to the said subsidiaries for the period from 1st April,2009 to 30th June,2009 have not been incorporated in the above results.
6. Provision against demand for Water Tax, which has been referred to by the auditors in their report on accounts for the year ended 31st March, 2009, has been continued on the same basis since the demand is currently stayed and under reconsideration by the Government of Madhya Pradesh.
7. In terms of Finance Bill 2009, Fringe Benefit Tax (FBT) is proposed to be withdrawn effective from 1st April, 2009. However, pending passing of the budget, provision for FBT for the quarter has been made.
8. The above financial results for the quarter ended 30th June, 2009 include results relating to chemical unit for the quarter, which had been transferred to the Company as per a scheme of arrangement with effect from 1st October, 2008, wheras the corresponding quarter in the previous year does not include the results of the above unit.
9. Previous period figures have been regrouped / rearranged wherever necessary.
10. 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 27th July, 2009.

Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement

Sl. No.  Particulars

Quarter Ended

Year Ended

 

 

30.06.09
(Unaudited)

30.06.08
(Unaudited)

31.03.09
(Audited)
1 Segment Revenue:
  a) Cement  21549.39  21158.67  87174.67
  b) Paper & Board 2793.42   3416.80 29000.47
  c) Electrical Consumer Durables 10183.32  7610.70  34142.62
  d) Others - - -
  Total 34526.13   32186.17 150317.76
    Less : Inter Segment Revenue - - -
  Net Sales/Income from Operations 34526.13   32186.17 150317.76
2 Segment Results : (Profit (+)/Loss(-) before interest & Tax from each segment) : 6811.93  8411.04  34261.60
  a) Cement (2,108.78)   (396.57) 1115.56
  b) Paper & Board - Amlai (175.52)   (198.39) (755.40)
  - Brajrajnagar * (2,284.30)   (594.96) 360.16
  c) Electrical Consumer Durables 1510.57  456.67  3388.54
  d) Others - - -
  Total 6038.20  8272.75  38010.30
  Less:      
  (i)  Interest 607.08  407.86  2067.92
  (ii) Other un-allocable expenditure net of un-allocable income 329.28  1199.82  4929.51
  Profit Before Tax 5101.84  6665.07  31012.87
3 Capital Employed:
  a) Cement 79781.28  45458.37 75939.61
  b) Paper & Board 27616.45  20225.36  27889.60
  c) Electrical Consumer Durables 8192.30  7558.31  11300.03
  d) Others - 1657.29 -
  Total 115590.03   74899.33 115129.24
* Shown separately since the unit is non - operational.
 

NEWS

17/04/2017
Board of Directors of the Company at its meeting held today inter-alia recommended payment of Interim Dividend @ Re.0.50 (50%) on 21,21,85,502 equity shares of Re.1/- each for the year 2016-17. In this connection 27th April, 2017 has been fixed as record date for the purpose of payment of Interim Dividend
02/01/2017
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday , the 20th January,2017 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 31st December, 2016, subject to ‘Limited Review’ by the Auditors of the Company
27/10/2016
In terms of Regulation 30 of SEBI (Listing Obligations Disclosure Requirements) 2015, we wish to inform you that the credit rating for Term loans / Bank facilities and Commercial paper of the company has been placed on credit watch by Credit Analysis & Research Ltd. (CARE) in view of the proposed demerger of the Company's Consumer Electric Business into its Wholly Owned Subsidiary Company, Orient Electric Ltd.
19/07/2016
Notice is hereby given that Register of Members and Share Transfer Books will be closed from 16th August 2016 to 22nd August, 2016 (both days inclusive) for the purpose of payment of dividend @ Re. 0.25 (25%) per share on 204868760 Equity shares of Re.1/- each as recommended by the Board of Directors of the Company at its meeting held on 6th May,2016. The dividend will be paid subject to the approval of the Shareholders
12/07/2016
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Thursday , the 4th August , 2016 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 30th June, 2016, subject to 'Limited Review' by the Auditors of the Company.
11/04/2016
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday, the 6th May, 2016 inter alia to consider draft Annual Report &amp; Accounts of the Company for the year ended 31st March, 2016 and declaration of Dividend if any.
11/01/2016
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday, the 29th January, 2016 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 31st December, 2015 subject to 'Limited Review' by the Auditors of the Company.
05/10/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Friday , the 30th October , 2015 inter alia to consider Unaudited Financial Results of the Company for the quarter / half year ended 30th September, 2015 subject to ‘Limited Review’ by the Auditors of the Company.
14/07/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Wednesday , the 5th August,2015 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 30th June, 2015 subject to ‘Limited Review’ by the Auditors of the Company.
22/06/2015
Notice is hereby given that Register of Members and Share Transfer Books will be closed from 14th August 2015 to 20th August, 2015 (both days inclusive) for the purpose of payment of dividend @ Re. 0.10 (10%) per share on 204868760 Equity shares of Re.1/- each as recommended by the Board of Directors of the Company at its meeting held on 11th May,2015. The dividend will be paid subject to the approval of the Shareholders
13/05/2015
Notice is hereby given that MCS Share Transfer Agent Limited will function as Registrar and Share Transfer Agent (RTA) of Orient Paper & Industries Ltd, effective from 30th April,2015 in place of MCS Limited. The address (Registered Office) of MCS Share Transfer Agent Limited is 12/1/5, Manohar Pukur Road, Kolkata-700 026, Phone No.(033) 4072-4051, Fax (033)4072-4050, Email ID mcssta@rediffmail.com
23/04/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Monday , the 11th May, 2015 inter alia to consider draft Annual Report & Accounts of the Company for the year ended 31st March, 2015 and declaration of Dividend if any.
15/01/2015
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Tuesday , the 3rd February, 2015 inter alia to consider Unaudited Financial Results of the Company for thequarter ended 31st December, 2014 subject to ‘Limited Review’ by theAuditors of the Company
21/10/2014
Meeting of the Board of Directors of the Company has been convened to be held on Wednesday , the 5th November, 2014 inter alia to consider Unaudited Financial Results of the Company for the quarter / half year ended 30th September, 2014 subject to ‘Limited Review’ by the Auditors of the Company.
23/05/2014
Notice is hereby given that Register of Members and Share Transfer Books will be closed from 2nd August 2014 to 8th August, 2014 (both days inclusive) for the purpose of payment of dividend @ Re. 0.10 (10%) per share on 204868760 Equity shares of Re.1/- each as recommended by the Board of Directors of the Company at its meeting held on 8th May,2014. The dividend will be paid subject to the approval of the Shareholders.
17/04/2014
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Thursday, the 8th May,2014 inter alia to consider draft Annual Report & Accounts of the Company for the year ended 31st March,2014 and declaration of Dividend if any.
09/01/2014
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Thursday, the 30th January, 2014 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 31st December, 2013 subject to 'Limited Review' by the Auditors of the Company.
 
Key Financial Highlights (Quarter ended 31-12-2016)
Net Turnover Rs. 37233 lacs as against Rs. 38045 lacs last year.

 

PBITD Rs. 2553 lacs as against Rs. 1940 lacs last year.
Profit before tax Rs. 423 lacs as against loss of Rs. 481 lacs last year.
Profit after tax Rs. 288 lacs as against Rs. 643 lacs last year.
Copyright © 2007-2008 ORIENT PAPER & INDUSTRIES LTD.