Orient Paper & Industries Limited
 
 
 
 
 
 
 
 
 
 
ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
Tel:(0674)2396030 /2392947,FaxL0674) 2396364,E-mail:paper@opilbbsr.com
CIN: L21011OR1936PLC000117
           
Unaudited Financial Results for the Quarter ended 30th June,2014
          (Rs. In lacs )
Sl. P a r t i c u l a r s Quarter Ended Year Ended
No.   30.06.2014 31.03.2014 30.06.2013 31.03.2014
    ( Unaudited ) (Audited) ( Unaudited ) (Audited)
PART - I   (Refer Note 7)    
1 Income from Operations        
  Gross Sales/Income from Operations 40,906.91 62,015.22 33,225.88 1,64,198.71
  Less : Excise duty 2,782.33 4,683.48 2,546.11 11,487.17
  (a) Net Sales/Income from Operations 38,124.58 57,331.74 30,679.77 1,52,711.54
  (b)Other Operating Income 1,184.64 1,471.52 1,714.17 4,951.88
  Total Income from Operations (Net) 39,309.22 58,803.26 32,393.94 1,57,663.42
2 Expenditure 41,770.42 55,422.10 32,835.91 1,57,756.24
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (2,048.72) 5,406.45 (2,938.79) (1,774.48)
  (b) Purchases of Traded Goods 6,729.42 13,340.21 4,968.01 35,864.60
  (c) Consumption of raw materials 18,390.94 20,729.51 16,053.97 64,299.22
  (d) Consumption of Stores , Chemicals & Spares 1,693.03 1,455.69 1,478.54 5,816.70
  (e) Power & Fuel 2,902.11 2,442.69 2,706.51 9,993.52
  (f) Employees benefits expenses 4,011.76 3,845.61 3,540.78 14,553.71
  (g) Packing, Freight & Forwarding Charges 2,242.01 2,565.61 1,823.79 7,965.54
  (h) Depreciation 1,058.13 1,187.72 1,124.82 4,681.25
  (i) Other Expenditure 6,791.74 4,448.61 4,078.28 16,356.18
3 Profit / (Loss) from Operations before Other Income, Finance costs & tax (1-2) (2,461.20) 3,381.16 (441.97) (92.82)
4 Other Income 163.94 552.08 1,357.24 3,951.12
5 Profit / (Loss) before Finance costs & tax (3+4) (2,297.26) 3,933.24 915.27 3,858.30
6 Finance costs 1,061.65 1,011.11 901.62 3,712.35
7 Profit / (Loss) from Ordinary Activities before tax (5-6) (3,358.91) 2,922.13 13.65 145.95
8 Tax Expense / (Credit) (1,129.48) 1,021.72 (5.39) (277.69)
9 Net Profit / (Loss) from Ordinary Activities after tax (7-8) (2,229.43) 1,900.41 19.04 423.64
10 Paid-up Equity Share Capital (Face Value per share : Re.1/-each) 2,048.79 2,048.79 2,048.79 2,048.79
11 Reserves excluding Revaluation Reserve       40,645.81
12 Earning per share (EPS) (Face value of Re.1/- each))        
  Basic & Diluted (1.09) 0.93 0.01 0.21
PART - II        
A Particulars of Shareholding        
1 Aggregate of Public Shareholding        
  - Number of shares 12,65,38,838 12,65,38,838 12,72,34,536 12,65,38,838
  - Percentage of shareholding 61.77% 61.77% 62.11% 61.77%
2 Promoters and Promoter Group Share Holding        
  a) Pledged / Encumbered        
  Number of shares - 9,48,000 14,22,000 9,48,000
  Percentage of shares (as % of the total shareholding of promoter and promoter group) - 1.21% 1.83% 1.21%
  Percentage of shares (as % of the total share capital of the company) - 0.46% 0.69% 0.46%
  b) Non- Encumbered        
  Number of shares 7,83,29,922 7,73,81,922 7,62,12,224 7,73,81,922
  Percentage of shares (as % of the total shareholding of        
  promoter and promoter group) 100.00% 98.79% 98.17% 98.79%
  Percentage of shares (as % of the total share capital of the company) 38.23% 37.77% 37.20% 37.77%
B Investor Complaints 3 months ended 30-06-2014    
  Pending at the beginning of the quarter Nil    
  Received during the quarter 1    
  Disposed of during the quarter 1    
  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 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, 2014 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. 31079.10 lacs (including compounded interest & penalty),based on latest bill received from the department, has been made since the Company's application for waiver thereof is under consideration by the Government of Madhya Pradesh.
3 Other expenditure for the quarter ended 30th June 2014 includes Rs.2446.22 lacs incurred towards promotion of new brand namely Orient Electric at the Company's Electrical Consumer Durables division.
4 Effective from April 1, 2014, the Company has charged depreciation based on the revised remaining useful life of the assets as per the requirement of Schedule II of the Companies Act 2013. Due to above, depreciation charge for the quarter ended 30th June 2014 is lower by Rs. 98.87 lacs. Further, based on transitional provision provided in Note 7(b) of Schedule II, an amount of Rs. 253.17 lacs (net of deferred Tax) has been adjusted with retained earnings.
5 Tax expenses / credit include deferred tax, MAT Credit (Entitlement) / Reversal and Income Tax refund in respect of earlier years.
6 There were no exceptional and extraordinary items during the quarter ended 30th June '2014.
7 Previous period figures have been regrouped / rearranged wherever necessary.
8 The figures for the quarter ended 31st March, 2014 are the balancing figures between audited figures in respect of the full financial year ended 31st March, 2014 and the unaudited published year-to-date figures upto 31st December, 2013, being the end of the third quarter of the previous financial year, which were subjected to a limited review.
9 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 22nd July, 2014.
           
           
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. 30.06.2014 31.03.2014 30.06.2013 31.03.2014
    ( Unaudited ) (Audited) ( Unaudited ) (Audited)
1 Segment Revenue :        
  a) Paper & Board 10,920.67 9,918.51 9,788.47 41,578.22
  b) Electrical Consumer Durables 27,067.87 47,273.28 20,685.06 1,10,334.22
  c) Others 136.04 139.95 206.24 799.10
  Total 38,124.58 57,331.74 30,679.77 1,52,711.54
  Less : Inter Segment Revenue - - - -
  Net Sales/Income from Operations 38,124.58 57,331.74 30,679.77 1,52,711.54
           
2 Segment Results : (Profit (+)/Loss(-) before Finance costs        
  & Tax from each segment) :        
  a) Paper & Board - Amlai (402.24) (765.48) 394.28 (1,146.36)
  - Brajrajnagar * (98.69) (99.62) (101.78) (334.73)
    (500.93) (865.10) 292.50 (1,481.09)
  b) Electrical Consumer Durables (1,492.94) 4,899.00 1,011.83 6,386.36
  c) Others 0.70 2.62 8.18 40.66
  Total (1,993.17) 4,036.52 1,312.51 4,945.93
  Less :        
  (i) Finance Costs 1,061.65 1,011.11 901.62 3,712.35
  (ii) Other un-allocable expenditure        
  net of un-allocable income 304.09 103.28 397.24 1,087.63
  Profit Before Tax (3,358.91) 2,922.13 13.65 145.95
3 Capital Employed :        
  a) Paper & Board 42,099.58 42,646.81 45,302.60 42,646.81
  b) Electrical Consumer Durables 29,760.75 36,181.65 30,760.18 36,181.65
  c) Others 150.84 140.90 146.12 140.90
  Total 72,011.17 78,969.36 76,208.90 78,969.36
  * Shown separately since the unit is non - operational.        
           
           
           
  NEW DELHI     By Order of the Board
  July 22nd,2014 for ORIENT PAPER & INDUSTRIES LTD.
           
           
    0.00   M.L.PACHISIA
        (Managing Director)
           
 

NEWS

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.
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