Orient Paper & Industries Limited
 
 
 
 
 
 
 
 
 
 
ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
 
Audited Financial Results for the year ended 31st March, 2009
        Orient Paper & Industries Limited. Consolidated 
Sl. No. Particulars Nine months ended 31-12-2008
(Unaudited)
Three months ended 31-03-2009 (Unaudited) Corresponding three months ended 31-03-2008 (Unaudited) Current Accounting year ended 31-03-2009 (Audited) Previous Accounting year ended 31-03-2008 (Audited) Current Accounting year ended 31.03.2009 (Audited) Previous Accounting year ended 31.03.2008 (Audited)
1 Gross Sales/Income from Operations 118099.71 50963.65 43584.06 169063.36 150006.01 169643.62 158580.73
  Less : Excise duty / Sales tax 14478.07 4267.53 5650.81 18745.60 20387.84 18807.60 20519.16
  (a) Net Sales/Income from Operations 103621.64 46696.12 37933.25 150317.76 129618.17 150836.02 138061.57
  (b) Other Operating Income 347.87 1325.14 240.95 1673.01 1549.41 1,673.07  1,473.89 
  Total Income 103969.51 48021.26 38174.20 151990.77 131167.58 152509.09 139535.46
2  Expenditure 78712.53 35976.73 30440.36 114689.26 98267.19 114972.77 107108.01
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (3,462.45) 3664.11 2692.63 201.66 63.56 208.89 192.93
  (b) Purchase of Trading Goods 3886.70 2150.52  1194.08 6037.22 2375.05 6037.22 2375.05
  (c) Consumption of raw materials 26418.52 10079.78 9387.36 36498.30 34057.26 36878.18 36514.29
  (d) Consumption of Stores , Chemicals & Spares 5342.57 1908.69  1600.67 7251.26 6605.83 7253.45  8051.98
  (e) Power & Fuel 15615.94 5845.30  4748.61 21461.24 17104.64 21463.40 20337.39
  (f) Employees Cost 6535.04 2151.11 1568.37 8686.15  7530.55 8732.56  8452.44
  (g) Packing, Freight & Forwarding Charges (Net) 14002.01 4828.96 4286.29 18830.97 15547.91 18840.75 15548.27
  (h) Deferred Revenue Expenditure written off 233.83 78.11 332.45 311.94 729.53 311.94 729.53
  (I) Depreciation 2458.08 1013.31 702.82 3471.39 2707.36 3473.16 3386.42
  (j) Other Expenditure 7682.29 4256.84 3927.08 11939.13 11545.50 11773.22 11519.71
3 Profit from operation before income. Interest & tax (1-2) 25256.98 12044.53 7733.84 37301.51 32900.39 37536.32 32427.45
4 Other Income 506.69  138.47 98.62 645.16 421.02 645.16 421.02
5 Profit before Interest & Exceptional Items & tax (3+4) 25763.67 12183.00 7832.46 37946.67 33321.41 38181.48 32848.47
6 Interest 1380.56 687.36 355.97 2067.92 1971.02 2070.39 2939.16
7 Profit after Interest but before Exceptional Items & tax (5-6) 24383.11 11495.64 7476.49 35878.75 31350.39 36111.09 29909.31
8 Exceptional Items 3,018.93 1846.95 - 4865.88 - 4,865.88 -
9 Profit from Ordinary Activities before tax ( 7-8) 21364.18 9648.69 7476.49 31012.87 31350.39 31245.21 29909.31
10 Tax Expenses              
  Current Tax 7958.75 2487.00 2843.58 10445.75 10120.78 10445.75 10120.75
  MAT Credit Entitlement (Net) 13.98 (89.96) (162.09) (75.98) (121.68) (75.98) (121.68)
  Deferred Tax (1,282.19) 1753.89 (52.76) 471.70 778.15 471.70 710.00
  Fringe Benefit Tax 118.36 43.64 36.50 162.00 125.00 162.44 125.43
11 Net Profit from Ordinary Activities after tax (9-10) 14555.28 5454.12 4811.26 20009.40 20448.14 20241.30 19074.81
12 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1927.56 1927.67 1927.15 1927.67 1927.15 1927.67 1927.15
13 Reserves excluding Revaluation Reserve       62318.24 45775.74 62313.47 43776.55
14 Basic and Diluted earning per share (EPS) (Rupees) 7.37 2.83 2.50 10.36 11.94 10.48 11.13
15 Aggregate of Public Shareholding              
  - Number of shares 121990815 121889205 102638760 121889205 124974930    
  - Percentage of shareholding 63.25 63.19 64.79 63.19 64.79    
16 Promoters and Promoter Group Share Holding              
  (a) Pledged / Encumbered              
  Number of shares   Nil   Nil      
  Percentage of shares (as % of the total shareholding of promoter and promoter group   Nil   Nil      
  Percentage of shares (as % of the total share capital of the company)   Nil   Nil      
  (b) Non- Encumbered              
  Number of shares   70995565   70995565      
  Percentage of shares (as % of the total shareholding of promoter and promoter group)   100%   100%      
  Percentage of shares (as % of the total share capital of the company)   36.81   36.81      
 *Includes Rs.78.11 lacs (Rs.78.50 lacs) and Rs.311.94 lacs ( Rs.233.83 lacs ) for the quarter and year ended respectively towards compensation under voluntary retirement scheme.
 
Notes :-
1 The Board recommends a dividend of Rs. 1.50 per share (150%) on equity shares of the Company. The Board also recommends dividend on preference shares @ 6% for the period from 30th March to 31st March 2009. 
2 Pursuant to the Scheme of arrangement for transfer of chemical division of GMMCO Ltd approved by Hon'ble Orissa & Kolkata High Court, the said Chemical division has been transferred to the Company with effect from the appointed date i.e. 1st October, 2008. Accordingly, the figures of the said division are incorporated.
3 Merger of wholly owned subsidiary Companies viz. ACC Ltd & OPI Export Ltd. could not be completed during the year, hence the Board has decided to amalgamate the said companies w.e.f. 01-04-09 subject to necessary approvals.
4 Exceptional items include - (i) write off of dues from JV Company Rs 4025.24 lacs (Net) and (ii) Rs. 840.64 lacs towards water tax for earlier years.
5 The Consolidated Financial Results for 2008-09 as indicated in the above table includes results of Orient Paper & Industries Ltd., and its wholly owned subsidiaries but does not include proportionate interest in the joint venture company due to non availability of accounts due to suspension of operation of the JV Company. 
6 There were no investor's complaints at the beginning and close of the quarter. The company had received four complaints during the quarter, which were resolved during the quarter.
7 There were no extraordinary items during the quarter / year ended 31st March,2009.
8 Previous period figures have been recasted/regrouped wherever necessary.
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 12th June, 2009.
 
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
 
      (Rs. in Lacs)
Sl. No. Particulars          
    Nine months ended 31-12-2008 (Unaudited) Three months ended 31-03-2009 (Unaudited) Corresponding three months ended 31-03-2008 (Unaudited)  Current Accounting year ended 31-03-2009 (Audited) Previous Accounting year ended 31-03-2008 (Audited)    
1 Segment Revenue :              
  a) Cement 63826.35 23348.32 19318.00 87174.67 73319.50    
  b) Paper & Board 19898.24 9102.23  6012.36 29000.47 27420.51    
  c) Electrical consumer durables 19897.05 14245.57 12533.31 34142.62 28546.08    
  d) Others - - 69.58 - 332.08    
  Total 103621.64 46696.12 37933.25 150317.76 129618.17    
  Less : Inter Segment Revenue - - - -     -
  Net Sales/Income from Operations 103621.64 46696.12 37933.25 150317.76 129618.17    
                 
2 Segment Results : Profit (+)/Loss(-) before interest & Tax from each segment.
   
  a) Cement 24151.74 10109.86 7758.64 34261.60 31197.68    
  b) Paper & Board - Amlai 1814.80 -699.24 350.65 1115.56 3598.20    
  - Brajrajnagar * -594.19 -161.21 -209.37 -755.40 -924.63    
    1220.61 -860.45 141.28 360.16 2673.57    
  c) Electrical Consumer durables 994.66 2393.88 1357.15 3388.54 2186.10    
  d) Others - - 94.16  - 144.17    
  Total 26367.01 11643.29 9351.23 38010.30 36201.52    
  Less :              
  (i) Interest 1380.56 687.36 355.97 2067.92 1971.02    
  (ii) Other un-allocable expenditure 3622.27 1307.24  1518.77 4929.51 2880.11    
  Profit Before Tax 21364.18 9648.69  7476.49 31012.87 31350.39    
                 
3 Capital Employed :              
  a) Cement 70928.72 75939.61 38825.17 75939.61 38825.17    
  b) Paper & Board 25853.07 27889.60 15358.77 27889.60 15358.77    
  c) Electrical Consumer durables 9305.76 11300.03 8560.30 11300.03 8560.30    
  d) Others 552.43 - 2209.72 - 2209.72    
  Total 106639.98 115129.24 64953.96 115129.24 64953.96    
  * Shown separately since the unit is non - operational.
 

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.
Copyright © 2007-2008 ORIENT PAPER & INDUSTRIES LTD.