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,2013 |
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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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30.06.2013 |
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31-03-2013 |
30.06.2012 |
31.03.2013 |
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( Unaudited ) |
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(Audited) |
( Unaudited ) |
(Audited) |
PART - I |
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(Refer Note 7) |
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1 |
Income from Operations |
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Gross Sales/Income from Operations |
33,225.88 |
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51,832.88 |
29,213.83 |
1,34,681.50 |
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Less : Excise duty |
2,546.11 |
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4,765.59 |
2,489.39 |
11,653.45 |
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(a) Net Sales/Income from Operations |
30,679.77 |
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47,067.29 |
26,724.44 |
1,23,028.05 |
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(b)Other Operating Income |
1,714.17 |
* |
1,201.74 |
990.17 |
3,923.76 |
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Total Income from Operations (Net) |
32,393.94 |
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48,269.03 |
27,714.61 |
1,26,951.81 |
2 |
Expenditure |
32,835.91 |
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46,080.82 |
29,066.96 |
1,31,331.68 |
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(a) Increase (-) / decrease (+) in Stock in trade and work-in-progress |
(2,938.79) |
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5,133.89 |
(3,179.39) |
(914.10) |
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(b) Purchases of Traded Goods |
4,968.01 |
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6,941.32 |
3,857.70 |
19,599.53 |
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(c) Consumption of raw materials |
16,053.97 |
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19,071.78 |
15,284.61 |
59,132.95 |
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(d) Consumption of Stores , Chemicals & Spares |
1,478.54 |
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1,448.24 |
1,321.89 |
5,210.42 |
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(e) Power & Fuel |
2,706.51 |
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2,513.02 |
3,284.29 |
11,824.39 |
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(f) Employees benefits expenses |
3,540.78 |
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3,309.65 |
2,921.06 |
12,287.65 |
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(g) Packing, Freight & Forwarding Charges |
1,823.79 |
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2,211.36 |
1,605.86 |
6,650.58 |
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(h) Depreciation |
1,124.82 |
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1,173.61 |
792.02 |
3,671.04 |
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(i) Other Expenditure |
4,078.28 |
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4,277.95 |
3,178.92 |
13,869.22 |
3 |
Profit / (Loss) from Operations before Other Income, Finance costs & tax (1-2) |
(441.97) |
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2,188.21 |
(1,352.35) |
(4,379.87) |
4 |
Other Income |
1,357.24 |
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646.75 |
335.85 |
1,766.91 |
5 |
Profit / (Loss) before Finance costs & tax (3+4) |
915.27 |
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2,834.96 |
(1,016.50) |
(2,612.96) |
6 |
Finance costs |
901.62 |
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848.30 |
343.14 |
1,918.91 |
7 |
Profit / (Loss) from Ordinary Activities before tax (5-6) |
13.65 |
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1,986.66 |
(1,359.64) |
(4,531.87) |
8 |
Tax Expense / (Credit) |
(5.39) |
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929.44 |
(485.16) |
(1,308.38) |
9 |
Net Profit / (Loss) from Ordinary Activities after tax (7-8) |
19.04 |
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1,057.22 |
(874.48) |
(3,223.49) |
10 |
Paid-up Equity Share Capital (Face Value per share : Re.1/-each) |
2,048.79 |
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2,048.79 |
2,048.79 |
2,048.79 |
11 |
Reserves excluding Revaluation Reserve |
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41,156.91 |
12 |
Earning per share (EPS) (Face value of Re.1/- each)) |
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Basic |
0.01 |
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0.52 |
(0.43) |
(1.57) |
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Diluted |
0.01 |
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0.52 |
(0.43) |
(1.57) |
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 |
12,72,34,536 |
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12,80,38,838 |
12,80,38,838 |
12,80,38,838 |
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- Percentage of shareholding |
62.11% |
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62.50% |
62.50% |
62.50% |
2 |
Promoters and Promoter Group Share Holding |
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a) Pledged / Encumbered |
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Number of shares |
14,22,000 |
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14,22,000 |
70,00,000 |
14,22,000 |
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Percentage of shares (as % of the total shareholding of promoter and promoter group) |
1.83% |
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1.85% |
9.11% |
1.85% |
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Percentage of shares (as % of the total share capital of the company) |
0.69% |
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0.69% |
3.42% |
0.69% |
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b) Non- Encumbered |
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Number of shares |
7,62,12,224 |
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7,54,07,922 |
6,98,29,922 |
7,54,07,922 |
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Percentage of shares (as % of the total shareholding of |
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promoter and promoter group) |
98.17% |
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98.15% |
90.89% |
98.15% |
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Percentage of shares (as % of the total share capital of the company) |
37.20% |
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36.81% |
34.08% |
36.81% |
B |
Investor Complaints |
3 months ended 30-06-2013 |
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Pending at the beginning of the quarter |
Nil |
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Received during the quarter |
1 |
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Disposed of during the quarter |
1 |
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Remaining unresolved at the end of the quarter |
Nil |
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* |
Includes Rs. 277.34 lacs being export incentive in respect of earlier years. |
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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 |
Figures for the quarter ended 30th June, 2012 have been recasted to give effect of the Scheme of arrangment approved by Hon'ble High Court of Orissa for demerger of Cement undertaking of the Company w.e.f., 01.04.2012 |
3 |
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, 2013 has been paid / provided to the extent of liablity 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. 29,820.99 lacs (including compunded interest & penalty) has been made since the Company's application for waiver thereof is under consideration by the Government of Madhya Pradesh. |
4 |
Tax expenses include deferred tax and MAT Credit Entitlement / Reversal. |
5 |
There were no exceptional and extraordinary items during the quarter ended 30th June '2013. |
6 |
Previous period figures have been regrouped / rearranged wherever necessary. |
7 |
The figures for the quarter ended 31st March, 2013 are the balancing figures between audited figures in respect of the full financial year ended 31st March, 2013 and the unaudited published year-to-date figures upto 31st December, 2012, being the end of the third quarter of the previous financial year, which were subjected to a limited review. |
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 13th August, 2013. |
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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. |
30.06.2013 |
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31-03-2013 |
30.06.2012 |
31.03.2013 |
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( Unaudited ) |
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( Unaudited ) |
( Unaudited ) |
(Audited) |
1 |
Segment Revenue : |
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a) Paper & Board |
9,788.47 |
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9,653.34 |
8,162.49 |
34,217.79 |
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b) Electrical Consumer Durables |
20,685.06 |
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37,164.36 |
18,400.42 |
87,966.05 |
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c) Others |
206.24 |
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249.59 |
161.53 |
844.21 |
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Total |
30,679.77 |
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47,067.29 |
26,724.44 |
1,23,028.05 |
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Less : Inter Segment Revenue |
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Net Sales/Income from Operations |
30,679.77 |
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47,067.29 |
26,724.44 |
1,23,028.05 |
2 |
Segment Results : (Profit (+)/Loss(-) before Finance costs |
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& Tax from each segment) : |
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a) Paper & Board - Amlai |
409.12 |
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(1,252.96) |
(1,473.24) |
(7,360.06) |
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- Brajrajnagar * |
(101.78) |
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(101.40) |
(115.54) |
(438.94) |
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307.34 |
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(1,354.36) |
(1,588.78) |
(7,799.00) |
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b) Electrical Consumer Durables |
1,060.40 |
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4,522.83 |
672.78 |
5,905.48 |
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c) Others |
8.18 |
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29.27 |
8.01 |
59.26 |
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Total |
1,375.92 |
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3,197.74 |
(907.99) |
(1,834.26) |
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Less : |
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(i) Finance Costs |
901.62 |
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848.30 |
343.14 |
1,918.91 |
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(ii) Other un-allocable expenditure |
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net of un-allocable income |
460.65 |
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362.78 |
108.51 |
778.70 |
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Profit Before Tax |
13.65 |
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1,986.66 |
(1,359.64) |
(4,531.87) |
3 |
Capital Employed : |
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a) Paper & Board |
45,302.60 |
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45,371.07 |
43,593.80 |
45,371.07 |
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b) Electrical Consumer Durables |
30,760.18 |
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31,215.70 |
22,589.23 |
31,215.70 |
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c) Others |
146.12 |
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158.25 |
116.14 |
158.25 |
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Total |
76,208.90 |
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76,745.02 |
66,299.17 |
76,745.02 |
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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 13th,2013 |
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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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