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 |
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Unaudited Financial Results for the Quarter ended 30th June,2014 |
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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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30.06.2014 |
31.03.2014 |
30.06.2013 |
31.03.2014 |
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( Unaudited ) |
(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 |
40,906.91 |
62,015.22 |
33,225.88 |
1,64,198.71 |
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Less : Excise duty |
2,782.33 |
4,683.48 |
2,546.11 |
11,487.17 |
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(a) Net Sales/Income from Operations |
38,124.58 |
57,331.74 |
30,679.77 |
1,52,711.54 |
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(b)Other Operating Income |
1,184.64 |
1,471.52 |
1,714.17 |
4,951.88 |
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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 |
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(a) Increase (-) / decrease (+) in Stock in trade and work-in-progress |
(2,048.72) |
5,406.45 |
(2,938.79) |
(1,774.48) |
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(b) Purchases of Traded Goods |
6,729.42 |
13,340.21 |
4,968.01 |
35,864.60 |
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(c) Consumption of raw materials |
18,390.94 |
20,729.51 |
16,053.97 |
64,299.22 |
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(d) Consumption of Stores , Chemicals & Spares |
1,693.03 |
1,455.69 |
1,478.54 |
5,816.70 |
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(e) Power & Fuel |
2,902.11 |
2,442.69 |
2,706.51 |
9,993.52 |
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(f) Employees benefits expenses |
4,011.76 |
3,845.61 |
3,540.78 |
14,553.71 |
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(g) Packing, Freight & Forwarding Charges |
2,242.01 |
2,565.61 |
1,823.79 |
7,965.54 |
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(h) Depreciation |
1,058.13 |
1,187.72 |
1,124.82 |
4,681.25 |
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(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 |
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40,645.81 |
12 |
Earning per share (EPS) (Face value of Re.1/- each)) |
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Basic & Diluted |
(1.09) |
0.93 |
0.01 |
0.21 |
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 |
12,65,38,838 |
12,65,38,838 |
12,72,34,536 |
12,65,38,838 |
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- Percentage of shareholding |
61.77% |
61.77% |
62.11% |
61.77% |
2 |
Promoters and Promoter Group Share Holding |
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a) Pledged / Encumbered |
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Number of shares |
- |
9,48,000 |
14,22,000 |
9,48,000 |
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Percentage of shares (as % of the total shareholding of promoter and promoter group) |
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1.21% |
1.83% |
1.21% |
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Percentage of shares (as % of the total share capital of the company) |
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0.46% |
0.69% |
0.46% |
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b) Non- Encumbered |
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Number of shares |
7,83,29,922 |
7,73,81,922 |
7,62,12,224 |
7,73,81,922 |
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Percentage of shares (as % of the total shareholding of |
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promoter and promoter group) |
100.00% |
98.79% |
98.17% |
98.79% |
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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 |
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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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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 |
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. |
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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. |
30.06.2014 |
31.03.2014 |
30.06.2013 |
31.03.2014 |
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( Unaudited ) |
(Audited) |
( Unaudited ) |
(Audited) |
1 |
Segment Revenue : |
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a) Paper & Board |
10,920.67 |
9,918.51 |
9,788.47 |
41,578.22 |
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b) Electrical Consumer Durables |
27,067.87 |
47,273.28 |
20,685.06 |
1,10,334.22 |
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c) Others |
136.04 |
139.95 |
206.24 |
799.10 |
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Total |
38,124.58 |
57,331.74 |
30,679.77 |
1,52,711.54 |
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Less : Inter Segment Revenue |
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Net Sales/Income from Operations |
38,124.58 |
57,331.74 |
30,679.77 |
1,52,711.54 |
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2 |
Segment Results : (Profit (+)/Loss(-) before Finance costs |
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& Tax from each segment) : |
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a) Paper & Board - Amlai |
(402.24) |
(765.48) |
394.28 |
(1,146.36) |
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- Brajrajnagar * |
(98.69) |
(99.62) |
(101.78) |
(334.73) |
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(500.93) |
(865.10) |
292.50 |
(1,481.09) |
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b) Electrical Consumer Durables |
(1,492.94) |
4,899.00 |
1,011.83 |
6,386.36 |
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c) Others |
0.70 |
2.62 |
8.18 |
40.66 |
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Total |
(1,993.17) |
4,036.52 |
1,312.51 |
4,945.93 |
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Less : |
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(i) Finance Costs |
1,061.65 |
1,011.11 |
901.62 |
3,712.35 |
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(ii) Other un-allocable expenditure |
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net of un-allocable income |
304.09 |
103.28 |
397.24 |
1,087.63 |
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Profit Before Tax |
(3,358.91) |
2,922.13 |
13.65 |
145.95 |
3 |
Capital Employed : |
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a) Paper & Board |
42,099.58 |
42,646.81 |
45,302.60 |
42,646.81 |
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b) Electrical Consumer Durables |
29,760.75 |
36,181.65 |
30,760.18 |
36,181.65 |
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c) Others |
150.84 |
140.90 |
146.12 |
140.90 |
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Total |
72,011.17 |
78,969.36 |
76,208.90 |
78,969.36 |
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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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July 22nd,2014 |
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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