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,2012 |
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(Rs. In lacs ) |
Sl. |
P a r t i c u l a r s |
Quarter Ended |
Year Ended |
No. |
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30.06.2012 |
31-03-2012 |
30.06.2011 |
31.03.2012 |
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( Unaudited ) |
( Unaudited ) |
( Unaudited ) |
(Audited) |
PART - I |
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(Refer Note 2) |
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1 |
Income from Operations |
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Gross Sales/Income from Operations |
73,747.71 |
93,659.14 |
58,361.72 |
2,70,651.26 |
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Less : Excise duty |
8,058.94 |
9,419.59 |
5,986.95 |
27,314.40 |
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(a) Net Sales/Income from Operations |
65,688.77 |
84,239.55 |
52,374.77 |
2,43,336.86 |
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(b)Other Operating Income |
1,155.69 |
1,887.06 |
2,159.10 |
5,726.88 |
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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 |
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(a) Increase (-) / decrease (+) in Stock in trade and work-in-progress |
(4,406.21) |
6,963.32 |
(3,997.92) |
(1,398.72) |
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(b) Purchases of Traded Goods |
3,857.70 |
5,492.90 |
2,846.11 |
12,500.41 |
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(c) Consumption of raw materials |
21,138.10 |
22,683.71 |
17,779.15 |
73,946.68 |
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(d) Consumption of Stores , Chemicals & Spares |
2,066.57 |
2,033.50 |
1,377.83 |
7,430.23 |
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(e) Power & Fuel |
12,391.11 |
11,294.73 |
8,499.94 |
40,693.15 |
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(f) Employees benefits expenses |
4,130.57 |
3,867.96 |
3,516.22 |
14,676.30 |
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(g) Packing, Freight & Forwarding Charges |
9,373.46 |
9,861.98 |
7,294.26 |
32,190.99 |
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(h) Depreciation |
2,170.84 |
2,330.01 |
2,131.82 |
8,840.04 |
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(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 |
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Current Tax |
2,253.00 |
4,291.18 |
2,649.00 |
9,555.39 |
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MAT Credit Entitlement |
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(62.05) |
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(36.46) |
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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 |
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1,09,023.88 |
12 |
Earning per share (EPS) (Face value of Re.1/- each)) |
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Basic |
2.39 |
4.45 |
3.08 |
10.94 |
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Diluted |
2.39 |
4.45 |
3.03 |
10.94 |
PART - II |
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A |
Particulars of Shareholding |
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1 |
Aggregate of Public Shareholding |
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- Number of shares |
12,80,38,838 |
12,80,38,838 |
12,80,54,848 |
12,80,38,838 |
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- Percentage of shareholding |
62.50% |
62.50% |
66.39% |
62.50% |
2 |
Promoters and Promoter Group Share Holding |
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a) Pledged / Encumbered |
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Number of shares |
70,00,000 |
95,00,000 |
Nil |
95,00,000 |
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Percentage of shares (as % of the total shareholding of promoter and promoter group) |
9.11% |
12.36% |
Nil |
12.36% |
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Percentage of shares (as % of the total share capital of the company) |
3.42% |
4.64% |
Nil |
4.64% |
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b) Non- Encumbered |
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Number of shares |
6,98,29,922 |
6,73,29,922 |
6,48,29,922 |
6,73,29,922 |
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Percentage of shares (as % of the total shareholding of |
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promoter and promoter group) |
90.89% |
87.64% |
100.00% |
87.64% |
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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 |
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Pending at the beginning of the quarter |
Nil |
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Received during the quarter |
2 |
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Disposed of during the quarter |
2 |
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Remaining unresolved at the end of the quarter |
Nil |
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Notes :- |
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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 : |
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(Rs. In lacs ) |
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Quarter Ended |
Year Ended |
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30-06-2012 |
31-03-2012 |
30-06-2011 |
31-03-2012 |
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1) Income from Operations |
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Gross Sales/Income from Operations |
44,533.88 |
47,513.71 |
35,875.57 |
1,55,420.62 |
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Less : Excise duty |
5,569.55 |
5,505.09 |
4,220.27 |
18,126.78 |
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(a) Net Sales/Income from operations |
38,964.33 |
42,008.62 |
31,655.30 |
1,37,293.84 |
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(b)Other Operating Income |
165.52 |
746.72 |
1,141.22 |
2,033.99 |
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Total Income from operations ( Net ) |
39,129.85 |
42,755.34 |
32,796.52 |
1,39,327.83 |
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2) Expenditure |
30,024.66 |
29,919.07 |
21,891.83 |
1,01,807.06 |
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(a) Increase (-) / decrease (+) in Stock in trade and work-in-progress |
(1,189.14) |
1,185.40 |
(642.88) |
108.11 |
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(b) Purchases of Traded Goods |
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(c) Consumption of raw materials |
5,853.49 |
5,941.95 |
4,595.28 |
20,452.34 |
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(d) Consumption of Stores , Chemicals & Spares |
744.68 |
645.54 |
527.97 |
2,484.41 |
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(e) Power & Fuel |
9,106.82 |
7,990.29 |
6,464.57 |
29,661.67 |
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(f) Employees benefits expense |
1,209.51 |
994.89 |
915.65 |
3,687.43 |
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(g) Packing, Freight & Forwarding Charges |
7,753.81 |
7,999.85 |
6,002.84 |
26,598.40 |
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(h) Depreciation |
1,378.82 |
1,559.45 |
1,394.47 |
5,806.06 |
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(i) Other Expenditure |
5,166.67 |
3,601.70 |
2,633.93 |
13,008.64 |
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3) Profit from Operations before Other Income, Finance costs & tax (1-2) |
9,105.19 |
12,836.27 |
10,904.69 |
37,520.77 |
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4) Other Income |
35.15 |
49.32 |
46.96 |
305.21 |
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5) Profit before Finance costs & tax (3+4) |
9,140.34 |
12,885.59 |
10,951.65 |
37,825.98 |
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6) Finance Costs |
610.29 |
482.15 |
471.68 |
1,885.08 |
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7) Profit from Ordinary Activities before tax (5-6) |
8,530.05 |
12,403.44 |
10,479.97 |
35,940.90 |
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8) Tax Expenses (including deferred tax) |
2,767.57 |
4,024.30 |
3,400.23 |
12,159.96 |
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9) Net Profit from Ordinary Activities after tax (7-8) |
5,762.48 |
8,379.15 |
7,079.75 |
23,780.94 |
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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. |
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Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement |
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(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 |
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( Unaudited ) |
( Unaudited ) |
( Unaudited ) |
(Audited) |
1 |
Segment Revenue : |
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a) Cement |
38,964.33 |
42,008.62 |
31,655.30 |
1,37,293.84 |
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b) Paper & Board |
8,162.49 |
10,924.18 |
5,001.23 |
32,861.83 |
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c) Electrical Consumer Durables |
18,400.42 |
31,093.12 |
15,553.98 |
72,391.09 |
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d) Others |
161.53 |
213.63 |
164.26 |
790.10 |
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Total |
65,688.77 |
84,239.55 |
52,374.77 |
2,43,336.86 |
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Less : Inter Segment Revenue |
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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 |
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& Tax from each segment) : |
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a) Cement |
9,132.42 |
12,872.85 |
10,939.60 |
37,778.39 |
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b) Paper & Board - Amlai |
(1,473.24) |
(1,079.98) |
(2,160.33) |
(6,110.51) |
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- Brajrajnagar * |
(115.54) |
49.27 |
(119.97) |
(316.78) |
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(1,588.78) |
(1,030.71) |
(2,280.30) |
(6,427.29) |
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c) Electrical Consumer Durables |
672.78 |
3,378.14 |
1,217.28 |
5,298.32 |
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d) Others |
8.01 |
10.50 |
10.40 |
48.96 |
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Total |
8,224.43 |
15,230.78 |
9,886.98 |
36,698.38 |
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Less : |
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(i) Finance Cost |
953.43 |
1,427.60 |
971.97 |
4,233.22 |
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(ii) Other un-allocable expenditure |
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net of un-allocable income |
100.59 |
352.62 |
177.91 |
630.67 |
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Profit Before Tax |
7,170.41 |
13,450.56 |
8,737.10 |
31,834.49 |
3 |
Capital Employed : |
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a) Cement |
1,02,959.89 |
1,00,772.49 |
99,500.17 |
1,00,772.49 |
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b) Paper & Board |
43,593.80 |
44,315.39 |
33,700.53 |
44,315.39 |
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c) Electrical Consumer Durables |
22,589.23 |
25,681.54 |
19,450.65 |
25,681.54 |
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d) Others |
116.14 |
138.44 |
108.07 |
138.44 |
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Total |
1,69,259.06 |
1,70,907.86 |
1,52,759.42 |
1,70,907.86 |
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* Shown separately since the unit is non - operational. |
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NEW DELHI |
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By Order of the Board |
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August 1st,2012 |
for ORIENT PAPER & INDUSTRIES LTD. |
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0.00 |
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M.L.PACHISIA |
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(Managing Director) |
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