Orient Paper & Industries Limited
 
 
 
 
 
 
 
 
 
 
ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
 
Unaudited Financial Results for the Quarter / Half year ended 30th Sept, 2008
            (Rs. in Lacs)
Sl.
No.
Particulars Quarter Ended Half Year Ended Year Ended
    30.09.08
(Unaudited)
30.09.07
(Unaudited)
30.09.08
(Unaudited)
30.09.07
(Unaudited)
31.03.08
(Audited)
1 Gross Sales/Income from Operations 40129.59 35016.26 77092.33 69239.78 150006.01
  Less : Excise duty 4873.53 4764.37 9660.20 9680.58 20428.23
  (a) Net Sales/Income from Operations 35256.06 30251.89 67432.13 59559.20 129577.78
  (b) Other Operating Income 102.16 983.87 170.00 1131.12 1326.12
  Total Income 35358.22 31235.76 67602.13 60690.32 130903.90
2 Expenditure 28286.53 22024.28 53590.68 44199.21 98222.66
  (a) Increase (-) / decrease (+) in Stock -639.41 -1153.55 -1740.40 -1650.56 63.56
  (b) Purchases of Trading Goods 1305.19  461.33 2614.84 750.59 2375.05
  (c) Consumption of raw materials 8776.86  7930.93 17667.65 16174.87 34325.74
  (d) Consumption of Stores , Chemicals & Spares 2367.47 1762.15 3595.51 3286.96 6642.73
  (e) Power & Fuel 4886.80 4137.16 9419.53 8087.95 17104.60
  (f) Employees Cost  2196.56 2006.42 4269.82 3877.96 7533.55
  (g) Packing, Freight & Forwarding Charges (Net) 4758.92 3775.10 9192.16 7284.27 15541.91
  (h) Deferred Revenue Expenditure written off 77.74 136.96 155.33 * 264.69 729.53
  (I) Depreciation  804.45 674.12 1577.07 1315.58 2707.36
  (j) Other Expenditure  3751.95 2293.66 6839.17 4806.90 11198.63
3 Profit from Operations before Other Income, Interest & tax ( 1-2) 7071.69 9211.48 14011.45 16491.11 32681.24
4 Other Income 246.09 160.62 358.80 216.69 421.02
5 Profit before Interest & tax ( 3 + 4) 7317.78 9372.10 14370.25 16707.80 33102.26
6 Interest 368.66 458.19 756.06 1014.83 1751.87
7 Profit before tax ( 5-6) 6949.12 8913.91 13614.19 15692.97 31350.39
8 Tax Expenses          
  Current Tax  2677.00 ** 3006.00 5390.00 5431.00 10120.90
  MAT Credit Entitlement (Net) - - - - (121.68)
  Deferred Tax (275.87) 65.06 (962.62) (63.78) 778.15
  Fringe Benefit Tax 32.15 25.00 60.20 47.50 125.00
  Excess provision for taxation written-back - (13.80) - (13.80) (0.12)
9 Net Profit after tax (7-8) 4515.84 5831.65 9126.61 10292.05 20448.14
10 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1927.56 1706.30 1927.56 1706.30 1927.15
11 Reserves excluding Revaluation Reserve - - - - 45775.74
12 Basic and Diluted earning per share (EPS) (Rupees) 2.33 3.48 4.71 6.31 11.90
13 Aggregate of Public Shareholding          
  - Number of shares  122631723 12495324 122631723 12495324 124974930
  - Percentage of shareholding  63.58 64.78 63.58 64.78 64.79
  * Includes Rs.77.74 lacs (Rs.110.78 lacs) and Rs.155.33 lacs ( Rs.212.32 lacs ) for the quarter and six months respectively towards compensation under voluntary retirement scheme.
  ** Includes Rs.146 lacs for earlier years.
 
  Notes:-
1 Limited Review of the above quarterly results has been carried out by the statutory auditors of the Company.
2 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 October, 2008.
3 There were no exceptional / extraordinary items during the quarter ended 30th September '2008.
4(a) The Board of Directors of the Company has decided to amalgamate its wholly owned Subsidiaries, namely Air Conditioning Corporation Ltd and OPI Exports Ltd with the Company with effect from 1st April'2008 subject to necessary approvals. Pending approvals of the aforesaid amalgamation, the operational results pertaineing to the said subsidiaries for the period from 1st April, 2008 to 30th September, 2008 have not been incorporated in the above results.
4(b) The Board of Directors of the Company has decided for transfer of Chemical Division of GMMCO Ltd to the company under a scheme of arrangement w.e.f. 1st October, 2008, subject to necessary approvals.
5 While Other Operating Income for the quarter / six months ended 30th September, 2007 included Rs. 867.26 lacs towards value of Certified Emission Reduction (CER) units received at company's cement unit, the CER for the current year will be accounted for when received.
6 There were no investor's complaints at the beginning and close of the quarter. The company had received twelve complaints during the quarter which were resolved during the quarter.
7 Previous period figures have been regrouped / rearranged wherever necessary.
 
  Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
Sl. No. Particulars  Quarter Ended  Half Year ended  Year Ended 
    30.09.08 
(Unaudited)
30.09.07 
(Unaudited)
31.03.08
(Audited)
1 Segment Revenue:
  a) Cement 20622.19 17501.83 41780.86 34564.85 73319.50
  b) Paper & Board 7968.36 7867.13 11385.16 14074.52 27420.51
  c) Electrical Consumer Durables 6665.51 4761.79 14266.11 10675.92 28505.69
  d) Others - 121.14 - 243.91 332.08
  Total  35256.06 30251.89 67432.13 59559.20 129577.78
  Less : Inter Segment Revenue - - - - -
  Net Sales/Income from Operations 35256.06 30251.89 67432.13 59559.20 129577.78
 
  Segment Results : (Profit (+)/Loss(-) before interest
& Tax from each segment)
7391.27 8157.36 15802.31 15519.56 31197.68
  a) Cement 1198.66 1556.72 802.09 2133.40 3598.20
  b) Paper & Board - Amlai 1198.66 1556.72 802.09 2133.40 3598.20
  - Brajrajnagar * (198.52) (238.70) (396.91) (476.13) (924.63)
  c) Electrical Consumer Durables 291.80 297.46 748.47 507.51 2186.10
  d) Others - 65.66 - 51.12 144.17
  Total 8683.21 9838.50 16955.96 17735.46 36201.52
  Less:          
  (i) Interest  368.66 458.19 756.06 1014.83 1751.87
  (ii) Other un-allocable expenditure net of un-allocable income 1365.43 466.40 2585.71 1027.66 3099.26
  Total Profit before Tax  6949.12 8913.91 13614.19 15692.97 31350.39
3 Capital Employed :
  a) Cement 57087.58 29377.40 57087.58 29377.40 38825.17
  b) Paper & Board 24694.68 14867.14 24694.68 14867.14 15358.77
  c) Electrical Consumer Durables 7913.51 5861.74 7913.51 5861.74 8560.30
  d) Others 1104.86 2107.59 1104.86 2107.59 2209.72
  Total 90800.63 52213.87 90800.63 52213.87 64953.96
  * Shown separately since the unit is non - operational.
 

NEWS

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
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.