Orient Paper & Industries Limited
 
 
 
 
 
 
 
 
 
 
ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
           
Unaudited Financial Results for the Quarter ended 30th June,2012
          (Rs. In lacs )
Sl. P a r t i c u l a r s Quarter Ended Year Ended
No.   30.06.2012 31-03-2012 30.06.2011 31.03.2012
    ( Unaudited ) ( Unaudited ) ( Unaudited ) (Audited)
PART - I   (Refer Note 2)    
1 Income from Operations        
  Gross Sales/Income from Operations 73,747.71 93,659.14 58,361.72 2,70,651.26
  Less : Excise duty 8,058.94 9,419.59 5,986.95 27,314.40
  (a) Net Sales/Income from Operations 65,688.77 84,239.55 52,374.77 2,43,336.86
  (b)Other Operating Income 1,155.69 1,887.06 2,159.10 5,726.88
  Total Income from Operations (Net) 66,844.46 86,126.61 54,533.87 2,49,063.74
2 Expenditure 59,091.62 72,035.33 45,138.59 2,15,225.52
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (4,406.21) 6,963.32 (3,997.92) (1,398.72)
  (b) Purchases of Traded Goods 3,857.70 5,492.90 2,846.11 12,500.41
  (c) Consumption of raw materials 21,138.10 22,683.71 17,779.15 73,946.68
  (d) Consumption of Stores , Chemicals & Spares 2,066.57 2,033.50 1,377.83 7,430.23
  (e) Power & Fuel 12,391.11 11,294.73 8,499.94 40,693.15
  (f) Employees benefits expenses 4,130.57 3,867.96 3,516.22 14,676.30
  (g) Packing, Freight & Forwarding Charges 9,373.46 9,861.98 7,294.26 32,190.99
  (h) Depreciation 2,170.84 2,330.01 2,131.82 8,840.04
  (i) Other Expenditure 8,369.48 7,507.22 5,691.18 26,346.44
3 Profit from Operations before Other Income, Finance costs & tax (1-2) 7,752.84 14,091.28 9,395.28 33,838.22
4 Other Income 371.00 786.88 313.79 2,229.49
5 Profit before Finance costs & tax (3+4) 8,123.84 14,878.16 9,709.07 36,067.71
6 Finance costs 953.43 1,427.60 971.97 4,233.22
7 Profit from Ordinary Activities before tax (5-6) 7,170.41 13,450.56 8,737.10 31,834.49
8 Tax Expenses        
  Current Tax 2,253.00 4,291.18 2,649.00 9,555.39
  MAT Credit Entitlement - (62.05) - (36.46)
  Deferred Tax 29.41 577.43 150.44 1,087.98
9 Net Profit from Ordinary Activities after tax (7-8) 4,888.00 8,644.00 5,937.66 21,227.58
10 Paid-up Equity Share Capital (Face Value per share : Re.1/-each) 2,048.79 2,048.79 1,928.77 2,048.79
11 Reserves excluding Revaluation Reserve       1,09,023.88
12 Earning per share (EPS) (Face value of Re.1/- each))        
  Basic 2.39 4.45 3.08 10.94
  Diluted 2.39 4.45 3.03 10.94
PART - II        
A Particulars of Shareholding        
1 Aggregate of Public Shareholding        
  - Number of shares 12,80,38,838 12,80,38,838 12,80,54,848 12,80,38,838
  - Percentage of shareholding 62.50% 62.50% 66.39% 62.50%
2 Promoters and Promoter Group Share Holding        
  a) Pledged / Encumbered        
  Number of shares 70,00,000 95,00,000 Nil 95,00,000
  Percentage of shares (as % of the total shareholding of promoter and promoter group) 9.11% 12.36% Nil 12.36%
  Percentage of shares (as % of the total share capital of the company) 3.42% 4.64% Nil 4.64%
  b) Non- Encumbered        
  Number of shares 6,98,29,922 6,73,29,922 6,48,29,922 6,73,29,922
  Percentage of shares (as % of the total shareholding of        
  promoter and promoter group) 90.89% 87.64% 100.00% 87.64%
  Percentage of shares (as % of the total share capital of the company) 34.08% 32.86% 33.61% 32.86%
B Investor Complaints 3 months ended 30-06-2012    
  Pending at the beginning of the quarter Nil    
  Received during the quarter 2    
  Disposed of during the quarter 2    
  Remaining unresolved at the end of the quarter Nil    
           
Notes :-        
   
1 Limited Review of the above quarterly results has been carried out by the statutory auditors of the Company.
2 The figures for the quarter ended 31st March, 2012 are the balancing figures between audited figures in respect of the full financial year ended 31st March, 2012 and the unaudited published year-to-date figures upto 31st December, 2011, being the end of the third quarter of the previous financial year, which were subjected to a limited review.
3 Provision against demand for Water Tax, which had been referred to by the auditors in their report on accounts for the year ended 31st March, 2012, has been paid / provided to the extent of liability admitted by the Company for the period upto April, 2009 i.e. the period prior to new agreement effective from May, 2009 entered into with the Water Resources Department. No provision against the balance demand of Rs. 23,277.47 lacs has been made since the Company's application for waiver thereof is under consideration by the Government of Madhya Pradesh.
4 The Board of Directors of the Company had decided to demerge the Cement undertaking of the Company by transferring the same on a going concern basis to a newly formed wholly owned subsidiary namely Orient Cement Limited through a scheme of arrangement w.e.f. 1st April, 2012, which has since been approved by the Hon'ble Orissa High Court vide its Order dated 27th July, 2012. Pending receipt of Certified Copy of the above Order and its filing with the Registrar of Companies, upon which the demerger will become effective, no accounting adjustment thereof has been made in the above results.
5 The above results include profit from discontinuing operation I.e. cement undertaking of the Company which is to be demerged w.e.f. 1st April, 2012 as stated in Note No. 4 above, the details whereof are as under :
          (Rs. In lacs )
    Quarter Ended Year Ended
    30-06-2012 31-03-2012 30-06-2011 31-03-2012
  1) Income from Operations        
  Gross Sales/Income from Operations 44,533.88 47,513.71 35,875.57 1,55,420.62
  Less : Excise duty 5,569.55 5,505.09 4,220.27 18,126.78
  (a) Net Sales/Income from operations 38,964.33 42,008.62 31,655.30 1,37,293.84
  (b)Other Operating Income 165.52 746.72 1,141.22 2,033.99
  Total Income from operations ( Net ) 39,129.85 42,755.34 32,796.52 1,39,327.83
  2) Expenditure 30,024.66 29,919.07 21,891.83 1,01,807.06
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (1,189.14) 1,185.40 (642.88) 108.11
  (b) Purchases of Traded Goods - - - -
  (c) Consumption of raw materials 5,853.49 5,941.95 4,595.28 20,452.34
  (d) Consumption of Stores , Chemicals & Spares 744.68 645.54 527.97 2,484.41
  (e) Power & Fuel 9,106.82 7,990.29 6,464.57 29,661.67
  (f) Employees benefits expense 1,209.51 994.89 915.65 3,687.43
  (g) Packing, Freight & Forwarding Charges 7,753.81 7,999.85 6,002.84 26,598.40
  (h) Depreciation 1,378.82 1,559.45 1,394.47 5,806.06
  (i) Other Expenditure 5,166.67 3,601.70 2,633.93 13,008.64
  3) Profit from Operations before Other Income, Finance costs & tax (1-2) 9,105.19 12,836.27 10,904.69 37,520.77
  4) Other Income 35.15 49.32 46.96 305.21
  5) Profit before Finance costs & tax (3+4) 9,140.34 12,885.59 10,951.65 37,825.98
  6) Finance Costs 610.29 482.15 471.68 1,885.08
  7) Profit from Ordinary Activities before tax (5-6) 8,530.05 12,403.44 10,479.97 35,940.90
  8) Tax Expenses (including deferred tax) 2,767.57 4,024.30 3,400.23 12,159.96
  9) Net Profit from Ordinary Activities after tax (7-8) 5,762.48 8,379.15 7,079.75 23,780.94
           
6 There were no exceptional and extraordinary items during the quarter ended 30th June '2012.
7 Previous period figures have been regrouped / rearranged wherever necessary.
8 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 1st August, 2012.
           
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
           
          (Rs. In lacs )
Sl. P a r t i c u l a r s Quarter Ended Year Ended
No. 30.06.2012 31-03-2012 30.06.2011 31.03.2012
    ( Unaudited ) ( Unaudited ) ( Unaudited ) (Audited)
1 Segment Revenue :        
  a) Cement 38,964.33 42,008.62 31,655.30 1,37,293.84
  b) Paper & Board 8,162.49 10,924.18 5,001.23 32,861.83
  c) Electrical Consumer Durables 18,400.42 31,093.12 15,553.98 72,391.09
  d) Others 161.53 213.63 164.26 790.10
  Total 65,688.77 84,239.55 52,374.77 2,43,336.86
  Less : Inter Segment Revenue - - - -
  Net Sales/Income from Operations 65,688.77 84,239.55 52,374.77 2,43,336.86
2 Segment Results : (Profit (+)/Loss(-) before interest        
  & Tax from each segment) :        
  a) Cement 9,132.42 12,872.85 10,939.60 37,778.39
  b) Paper & Board - Amlai (1,473.24) (1,079.98) (2,160.33) (6,110.51)
  - Brajrajnagar * (115.54) 49.27 (119.97) (316.78)
    (1,588.78) (1,030.71) (2,280.30) (6,427.29)
  c) Electrical Consumer Durables 672.78 3,378.14 1,217.28 5,298.32
  d) Others 8.01 10.50 10.40 48.96
  Total 8,224.43 15,230.78 9,886.98 36,698.38
  Less :        
  (i) Finance Cost 953.43 1,427.60 971.97 4,233.22
  (ii) Other un-allocable expenditure        
  net of un-allocable income 100.59 352.62 177.91 630.67
  Profit Before Tax 7,170.41 13,450.56 8,737.10 31,834.49
3 Capital Employed :        
  a) Cement 1,02,959.89 1,00,772.49 99,500.17 1,00,772.49
  b) Paper & Board 43,593.80 44,315.39 33,700.53 44,315.39
  c) Electrical Consumer Durables 22,589.23 25,681.54 19,450.65 25,681.54
  d) Others 116.14 138.44 108.07 138.44
  Total 1,69,259.06 1,70,907.86 1,52,759.42 1,70,907.86
  * Shown separately since the unit is non - operational.        
           
  NEW DELHI     By Order of the Board
  August 1st,2012 for ORIENT PAPER & INDUSTRIES LTD.
           
           
    0.00   M.L.PACHISIA
        (Managing Director)
           
 

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 & 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.