Orient Paper & Industries Limited
 
 
 
 
Financial Year 2018-2019
April-June July-September October-December January-March
Financial Year 2017-2018
April-June July-September October-December January-March
Financial Year 2016-2017
April-June July-September October-December January-March
Financial Year 2015-2016
April-June July-September October-December January-March
Financial Year 2014-2015
April-June July-September October-December January-March
Financial Year 2013-2014
April-June July-September October-December January-March
Financial Year 2012-2013
April-June July-September October-December January-March
Financial Year 2011-2012
April-June July-September October-December January-March
Financial Year 2010-2011
April-June July-September October-December January-March
Financial Year 2009-2010
April-June July-September October-December January-March
Financial Year 2008-2009
April-June July-September October-December January-March 
 
 
 
 
 
 
ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
 
Audited Financial Results for the year ended 31st March, 2010
        Orient Paper & Industries Limited. Consolidated 
Sl. No. Particulars Nine months ended 31-12-2009
(Unaudited)
Three months ended 31-03-2010 (Unaudited) Corresponding three months ended 31-03-2009 (Unaudited) Current Accounting year ended 31-03-2010 (Audited) Previous Accounting year ended 31-03-2009 (Audited) Current Accounting year ended 31.03.2010 (Audited) Previous Accounting year ended 31.03.2009 (Audited)
1 Gross Sales/Income from Operations  116744.09 60110.30 50963.65 176854.39 169063.36 176854.39 169643.62
  Less: Excise duty  9568.41 5310.52 4267.53 14878.93 18745.60 14878.93 18807.60
  (a)Net Sales/Income from Operations 107175.68 54799.78 46696.12 161975.46 150317.76 161975.46 150836.02
  (b) Other Operating Income 556.98 430.16 1325.14 987.14 1673.01 817.15   1,673.07
  Total Income 107732.66 55229.94 48021.26 162962.60 151990.77 162792.61 152509.09
2 Expenditure 90541.56 46198.95 35976.73 136740.51 114689.26 136743.05 114972.77
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (6,527.40) 3759.29 3664.11 (2768.11) 201.66 (2768.11) 208.89
  (b) Purchase of Traded Goods 5524.09 2771.49 2150.52 8295.58 6037.22 8295.58 6037.22
  (c) Consumption of raw materials 33350.97 14761.73 10079.78 48112.70 36498.30 48112.70 36878.18
  (d) Consumption of Stores, Chemicals & Spares 3975.16 1453.17 1907.59 5428.33 7251.26 5428.33 7253.45
  (e) Power & Fuel 18640.91 8156.12 5845.30 26797.03 21461.24 26797.03 21463.40
  (f) Employees Cost 7802.34 2747.58 2151.11 10549.92 8686.15 10549.92 8732.56
  (g) Packing, Freight & Forwarding Charges (Net) 12818.22 6048.04 4830.06 18866.26 18830.97 18866.26 18840.75
  (h) Deferred Revenue Expenditure written off * 174.05 58.00 78.11 232.05 311.94 232.05 311.94
  (I) Depreciation 3620.07 1881.29 1013.31 5501.36 3471.39 5502.00 3473.16
  (j) Other Expenditure 11163.15 4562.24 4256.84 15725.39 11939.13 15727.29 11773.22
3 Profit from Operations before Other Income, Interest, Exceptional Items & tax ( 1-2) 17191.10 9030.99 12044.53 26222.09 37301.51 26049.56 37536.32
4 Other Income 467.65 174.07 138.47 641.72 645.16 641.72 645.16
5 Profit before Interest, Exceptional Items & tax ( 3 + 4) 17658.75 9205.06 12183.00 26863.81 37946.67 26691.28 38181.48
6 Interest  2347.54 1105.73 687.36 3453.27 2067.92 3453.27 2070.39
7 Profit after Interest but before Exceptional Items & tax (5-6) 15311.21 8099.33 11495.64 23410.54 35878.75 23238.01 36111.09
8 Exceptional Items - - 1,846.95 - 4,865.88 - 4,865.88
9 Profit from Ordinary Activities before tax ( 7-8) 15311.21 8099.33 9648.69 23410.54 31012.87 23238.01 31245.21
10 Tax Expenses              
  Current Tax  ** 490.32 4290.33 2487.00 4780.65 10445.75 4780.65 10445.75
  MAT Credit Entitlement    1.24 3,310.00 89.96 3,311.24 75.98   3,311.24 75.98
  Deferred Tax 4375.13 1635.12 1753.89 6010.25 471.70   6,010.25 471.70
  Fringe Benefit Tax - - 43.64 - 162.00   - 162.44
11 Net Profit from Ordinary Activities after tax (9-10) 10447.00 5483.88 5454.12 15930.88 20009.40 15758.35 20241.30
12 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1928.53 1928.67 1927.67 1928.67 1927.67 1928.67 1927.67
13 Paid-up Debt Capital        10000.00 10000.00    
14 Reserves excluding Revalution Reserve       74733.94 62318.24 74726.21 62313.47
15 Debenture Redemption Reserve (included in item 14 above)       4375.00 5000.00    
16 Basic and Diluted earning per share (EPS) (Rupees)  5.42 2.84 2.83 8.26 10.36 8.17 10.48
17 Debt Equity Ratio       0.43 0.31    
18 Debt Service Coverage Ratio       6.99 10.22    
19 Interest Service Coverage Ratio       7.46 11.57    
  -Number of shares 127606093 128259273 121889205 128259273 121889205    
  -Percentage of shareholding 66.16% 66.50% 63.19% 66.50% 63.19%    
21 Promoters and Promoter Group Share Holding              
a) Pledged / Encumbered              
  Number of shares Nil Nil Nil Nil Nil    
  Percentage of shares (as % of the total shareholding of              
  promoter and promoter group Nil Nil Nil Nil Nil    
  Percentage of shares (as % of the total share capital of the company) Nil Nil Nil Nil Nil    
                 
b) Non- Encumbered              
  Number of shares 65278677 64625497 70995565 64625497 70995565    
  Percentage of shares (as % of the total shareholding of              
  promoter and promoter group) 100% 100% 100% 100% 100%    
  Percentage of shares (as % of the total share capital of the company) 33.84% 33.50% 36.81% 33.50% 36.81%    
*  Represents compensation under voluntary retirement scheme.
** Current tax for the quarter / year ended 31st March 2010 includes Rs. 836.65 lacs for earlier years.  
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 current year.
 
2 Pursuant to the Scheme of Amalgamation as approved by the shareholders the Company and the Hon’ble Board for Industrial and Financial Reconstruction (BIFR) by an order dated 12th March 2010,  Air conditioning Corporation Ltd. (ACCL), a wholly owned subsidiary of the company , have been merged with  the company w.e.f. 1st April, 2009.
3 The new Cement mill and the 2nd unit of 25 MW Captive Power Plant at the Company's Cement unit at Devapur, have been commissioned during the quarter .
4 Merger of  wholly owned subsidiary Company,  OPI Export Ltd.  could not be completed during the year, hence the Board has decided toamalgamate the said company  w.e.f. 01-04-10 subject to necessary approvals.
 
5 Ratios have been computed as follows:
  Debt Service Coverage Ratio = Earning before interest, depreciation, tax and exceptional items / [interest expenses (including interest capitalised)+ principal  repayment ]
  Interest Service Coverage Ratio = Earning before interest, depreciation , tax and exceptional items / interest expenses(including interest capitalised). 
  Debt represents long term loans / debentures.
  Equity represents Issued, Subscribed and Paid up Share Capital and Reserves & Surplus ( excluding revaluation reserve).
6 Paid up Debt Capital represents listed Debentures.
7 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, 2010, has been continued on the same basis as provided in the year 2008-09 since the demand is currently stayed and under reconsideration by the Government of Madhya Pradesh.
8 The Consolidated Financial Results for 2009-10 as indicated in the above table includes results of Orient Paper & Industries Ltd., and its wholly owned subsidiary 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.
9 There were no investor’s complaints at the beginning and close of the quarter. The company had received 21 complaints during the year, which were resolved during the year.
10 There were no extraordinary items during the quarter / year ended 31st March,2010.
11 Previous period figures have been recasted/regrouped wherever necessary.
12 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 4th May, 2010.
 
Statement of Assets and Liablities:
  Particulars ORIENT PAPER & INDUSTRIES LTD   CONSOLIDATED    
AUDITED   AUDITED    
As at 31st March 2010 As at 31st March 2009   As at 31st March 2010  As at 31st March 2009    
                 
  SHAREHOLDERS' FUNDS:               
  (a)  Share Capital 2028.67 2027.67   2028.67 2027.67    
  (b)  Reserves & Surplus  75640.20 63264.54   75632.47 63281.04    
                 
  LOANS FUNDS  51351.73 46232.96   51351.73 46232.96    
                 
  DEFERRED PAYMENT LIABILITIES 273.04 364.97   273.04 364.97    
                 
  DEFERRED TAX LIABILITY (Net) 11027.81 5017.56   11027.81 5017.56    
                 
  Total  140321.45 116907.70   140313.72 116924.20    
                 
  FIXED ASSETS  117268.91 104320.37   117306.56 104387.65    
                 
  INVESTMENTS 4711.90 921.65   4707.30 917.05    
                 
  CURRENT ASSETS, LOANS & ADVANCES        
  (a)  Inventories 15030.93 10971.12   15030.93 10998.69    
  (b)  Sundry Debtors 18440.00 14070.14   18440.00 14191.04    
  (c)  Cash and Bank Balances 4669.74 3328.98   4671.99 3381.62    
  (d)  Other Current Assets 964.63 960.13   964.63 960.13    
  (e) Loans and Advances 10768.04 9318.61   10725.05 9130.94    
    Sub Total 49873.34 38648.98   49832.60 38662.42    
                 
  Less : CURRENT LIABILITIES & PROVISIONS        
  (a)  Current Liabilities 23463.23 19932.45   23463.27 19989.50    
  (b)  Provisions 8069.47 7282.91   8069.47 7285.48    
    Sub Total 31532.70 27215.36   31532.74 27274.98    
                 
  NET CURRENT ASSETS  18340.64 11433.62   18299.86 11387.44    
                 
  MISCELLANEOUS EXPENDITURE 232.06     -  232.06    
                 
  TOTAL  140321.45 116907.70   140313.72 116924.20    
 
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
      (Rs. in Lacs)
No.   Nine months ended 31-12-2009 Three months ended 31-03-2010 Corrosponding three months ended 31-03-2009 Current Accounting year ended 31-03-2010 PreviousAccounting year ended 31-03-2009    
    (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited)    
  Segment Revenue :            
  a) Cement  62072.98 27402.81 23348.32 89475.79 87174.67    
  b) Paper & Board 16078.83 7859.35 9102.23 23938.18 29000.47    
  c) Electrical Consumer Durables 28697.40 19387.52 14245.57 48084.92 34142.62    
  d) Others   326.47 150.10   -  476.57    
  Total  107175.68 54799.78 46696.12 161975.46 150317.76    
  Less : Inter Segment Revenue   -    -    -     
  Net Sales/Income from Operations 107175.68 54799.78 46696.12 161975.46 150317.76    
2 Segment Results : (Profit (+)/Loss(-) before interest & Tax from each segment) :    
  a) Cement  17833.82 7556.78 10109.86 25390.60 34261.60    
  b) Paper & Board - Amlai -2648.57 -947.54 (699.24) -3596.11 1115.56    
    - Brajrajnagar * -526.08 -190.28 -161.21 -716.36 -755.40    
    -3174.65 -1137.82 -860.45 -4,312.47 360.16    
  c) Electrical Consumer Durables 3363.63 2810.89 2393.88 6174.52 3388.54    
  d) Others   32.40 -6.23   -  26.17    
  Total  18055.20 9223.62 11643.29 27278.82 38010.30    
  Less :              
  (i)  Interest  2347.54 1105.73 687.36 3453.27 2067.92    
  (ii) Other un-allocable expenditure               
  net of un-allocable income 396.45 18.56 1307.24 415.01 4929.51    
  Profit Before Tax 15311.21 8099.33 9648.69 23410.54 31012.87    
3 Capital Employed :            
  a) Cement  87093.83 88877.62 75939.61 88877.62 75939.61    
  b) Paper & Board 29029.75 28858.71 27889.60 28858.71 27889.60    
  c) Electrical Consumer Durables 10938.30 14374.96 11300.03 14374.96 11300.03    
  d) Others   199.25 134.97   -  134.97    
  Total 127261.13 132246.26 115129.24 132246.26 115129.24    
 

NEWS

24/01/2019
The Board of Directors of the company at its meeting held on 23rd January,2019 inter-alia recommended the payment of Interim dividend @ Re.0.50 (50%) on 21,21,85,502 equity shares of Re.1/- each. In this connection 2nd February, 2019 has been fixed as record date for the purpose of payment of Interim Dividend.
08/01/2019
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Wednesday , the 23rd January, 2019 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 31st December, 2018, subject to ‘Limited Review’ by the Auditors of the Company.The said Notice may be accessed on the Company’s website at http://orientpaperindia.com and may also be accessed on the Stock Exchange websites at http://www.bseindia.com and http://www.nseindia.com.
05/10/2018
NOTICE is hereby given thata Meeting of the Board of Directors of the Company has been convened to be held onWednesday,the 31st October,2018 inter alia to consider Unaudited Financial Results of the Company for the quarter ended 30th September,2018,subject to‘Limited Review’by the Auditors of the Company.The said Notice may be accessed on the Company’s website at http://orientpaperindia.com & may also be accessed on the Stock Exchange websites at http://www.bseindia.com & http://www.nseindia.com
16/04/2018
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Wednesday, the 2nd May, 2018 inter alia to consider draft Annual Report & Accounts of the Company for the year ended 31st March, 2018 and declaration of Dividend if any. The said Notice may also be accessed on the Stock Exchange websites at http://www.bseindia.com and http://www.nseindia.com.
31/10/2017
NOTICE is hereby given that a Meeting of the Board of Directors of the Company convened to be held on Saturday the 4th November,2017 has been postponed and will be held on Tuesday , the 7th November, 2017 inter alia to consider Unaudited Financial Results of the Company for the quarter / half year ended 30th September, 2017, subject to ‘Limited Review’ by the Auditors of the Company.
16/10/2017
NOTICE is hereby given that a Meeting of the Board of Directors of the Company has been convened to be held on Saturday , the 4th November, 2017 inter alia to consider Unaudited Financial Results of the Company for the quarter / half year ended 30th September, 2017, subject to ‘Limited Review’ by the Auditors of the Company.
17/04/2017
Board of Directors of the Company at its meeting held today inter-alia recommended payment of Interim Dividend @ Re.0.50 (50%) on 21,21,85,502 equity shares of Re.1/- each for the year 2016-17. In this connection 27th April, 2017 has been fixed as record date for the purpose of payment of Interim Dividend
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
 
Key Financial Highlights (Quarter ended 31-12-2018)
Total income Rs. 19729 lacs as against Rs. 17138 lacs last year.

 

PBITD from Rs. 4403 lacs as against Rs. 2875 lacs last year.
Profit before tax Rs. 3370 lacs as against Rs. 1821  lacs last year.
Profit after tax Rs. 2085 lacs as against Rs. 1050 lacs last year.
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