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, 2009
            (Rs. in Lacs)
Sl.
No.
Particulars Quarter Ended Half Year Ended Year Ended
    30.09.09
(Unaudited)
30.09.08
(Unaudited)
30.09.09
(Unaudited)
30.09.08
(Unaudited)
31.03.09
(Audited)
1 Gross Sales/Income from Operations 38262.26 40129.59 75889.27 77092.33 169063.36
  Less: Excise duty 2944.41 4863.94 6045.29 9640.51 18745.60
  (a) Net Sales/Income from Operations 35317.85 35265.65 69843.98 67451.82 150317.76
  (b) Other Operating Income 194.47 125.04 362.63 215.95 1636.03
  Total Income 35512.32 35390.69 70206.61 67667.77 151953.79
2 Expenditure 29296.08 27289.81 58366.75 51597.75 114652.28
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress -2384.19 639.41 -3456.80 -1740.40 201.66
  (b) Purchases of Traded Goods 2050.45  1302.21 4207.09 2608.75 6037.22
  (c) Consumption of raw materials 10607.76 8697.95 21503.06 17511.90 36498.30
  (d) Consumption of Stores , Chemicals & Spares 1483.52 2353.89 2565.97 3576.11 7251.26
  (e) Power & Fuel 6244.66 4886.80 10643.64 9419.53 21461.25
  (f) Employees Cost  2723.79 2196.56 5165.15  4269.82 8686.15
  (g) Packing, Freight & Forwarding Charges 4169.97 4757.40 8358.14 9189.67 18830.97
  (h) Deferred Revenue Expenditure written off 58.02 77.74 116.03 155.33 311.94
  (I) Depreciation  1091.49 804.45 1984.14 1577.07 3471.39
  (j) Other Expenditure  3250.61 2852.22 7280.33 5029.97 11902.14
3 Profit from Operations before Other Income, Interest, Exceptional Items & tax (1-2) 6216.24 8100.88 11839.86 16070.02 37301.51
4 Other Income 282.93 246.09 368.23 358.80 645.16
5 Profit before Interest, Exceptional Items & tax (3+4) 6499.17 8346.97 12208.09 16428.82 37946.67
6 Interest 725.25 391.54 1332.33 802.01 2067.92
7 Profit after Interest but before Exceptional Items & tax (5-6) 5773.92 7955.43 10875.76 15626.81 35878.75
8 Exceptional items - 1006.31 - 2012.62 4865.88
9 Profit from Ordinary Activities before tax (7-8) 5773.92 6949.12 10875.76 13614.19 31012.87
10 Tax Expenses          
  Current Tax (865.31) 2677.00 982.69 5390.00 10445.75
  MAT Credit Entitlement (Net) - - -   (75.98)
  Deferred Tax 2613.72 # (275.87) 2494.34 # (962.62) 471.70
  Fringe Benefit Tax (28.00) 32.15 - 60.20 162.00
11 Net Profit from Ordinary Activities after tax (9-10) 4053.51 4515.84 7398.73 9126.61 20009.40
12 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1928.53 1927.56 1928.53 1927.56 1927.67
13 Paid-up Debt Capital - - 10000.00 - 10000.00
14 Reserves excluding Revaluation Reserve - - - - 62318.24
15 Debenture Redemption Reserve (included in item 14 above) - - 5,000.00 1,250.00 5000.00
16 Basic and Diluted earning per share (EPS) (Rupees) 2.10 2.33

 

3.83

 

4.71

 

10.36

 

17 Debt Equity Ratio - - 0.40 0.15 0.31
18 Debt Service Coverage Ratio - - 5.87 14.74 10.22
19 Interest Service Coverage Ratio - - 6.68 16.10 11.57
20 Aggregate of Public Shareholding          
  - Number of shares 127595463 122631723 12759463 122631723 121889205
  - Percentage of shareholding 66.15 63.58 66.15 63.58 63.19
21 Promoters and Promoter Group Share Holding          
  a) Pledged / Encumbered          
  Number of shares Nil - Nil - Nil
  Percentage of shares (as % of the total shareholding of promoter and promoter group) Nil

 

- Nil

 

- Nil

 

  Percentage of shares (as % of the total share capital of the company) Nil - Nil - Nil
  b) Non- Encumbered          
  Number of shares 65289307 - 65289307 - 70995565
  Percentage of shares (as % of the total shareholding of promoter and promoter group) 100% - 100% - 100%
  Percentage of shares (as % of the total share capital of the company) 33.85% - 33.85% - 36.81
   
  * Represents compensation under voluntary retirement scheme.
  # After adjusting deferred tax credit of Rs. 101.95 lacs for earlier years.
 
  Notes:-
1 Limited Review of the above quarterly / six months results has been carried out by the statutory auditors of the company.
2 The commercial production of clinker for extended capacity at the company's cement unit at Devapur and tissue paper in new tissue machine at Amlai unit, have been commenced during the quarter.
3 There were no investor complaints at the beginning and the close of the quarter. The company had received three complaints during the quarter, which were resolved during the quarter.
4 Ratios have been computed as follows: 
Debt Service Coverage Ratio = Earning before interest, depreciation, tax and exceptional items / [interest expenses (including interest capitalized)+ principal repayment ] 
Interest Service Coverage Ratio = Earning before interest, depreciation , tax and exceptional items / interest expenses (including interest capitalized). 
Debt represents long term loans / debentures. 
Equity represents Issued, Subscribed and Paid up Share Capital and Reserves & Surplus (excluding revaluation reserve).
5 Paid up Debt Capital represents listed Debentures.
6 There were no extraordinary items during the quarter / six months ended 30th September, '2009.
7 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'2009 subject to necessary approvals. Pending approvals of the aforesaid amalgamation, the operational results pertaining to the said subsidiaries for the period from 1st April,2009 to 30th September,2009 have not been incorporated in the above results.
8 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, 2009, and subsequent Limited Review Report has been continued on the same basis since the demand is currently stayed and under reconsideration by the Government of Madhya Pradesh.
9 The above financial results for the quarter / six months ended 30th September, 2009 include results relating to chemical unit , which had been transferred to the Company as per a scheme of arrangement with effect from 1st October, 2008, whereas the corresponding quarter / six months in the previous year does not include the results of the above unit.
10 Previous period figures have been regrouped / rearranged wherever necessary.
11 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 27th October, 2009.
 
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
            (Rs. in Lacs)
Sl.
No.
Particulars Quarter Ended Half Year Ended Year Ended
    30.09.09
(Unaudited)
30.09.08
(Unaudited)
30.09.09
(Unaudited)
30.09.08
(Unaudited)
31.03.09
(Audited)
1 Segment Revenue :
  a) Cement 19247.06 20622.19 40796.45 41780.86 87174.67
  b) Paper & Board 6018.07 7968.36 8811.49  11385.16 29000.47
  c) Electrical Consumer Durables 10052.72 6675.10 20236.04 14285.80 34142.62
  d) Others - - - - -
  Total 35317.85 35265.65 69843.98 67451.82 150317.76
  Less: Inter Segment Revenue - - - - -
  Net Sales/Income from Operations 35317.85 35265.65 69843.98 67451.82 150317.76
2 Segment Results : (Profit (+)/Loss(-) before interest & Tax from each segment):
  a) Cement 6062.08 7391.27 12874.01 15802.31 34261.60
  b) Paper & Board - Amlai (586.84) 1198.66 (2,710.06) 802.09 1115.56
  - Brajrajnagar * (175.82) (198.52) (351.34) (396.91) (755.40)
  c) Electrical Consumer Durables 1189.14 291.80 2699.71 748.47 3388.54
  d) Others - - - - -
  Total 6488.56 8683.21 12512.32 16955.96 38010.30
  Less:          
  (i) Interest 725.25 391.54 1332.33 802.01 2067.92
  (ii) Other un-allocable expenditure net of un-allocable income -10.61

 

1342.55

 

304.23

 

2539.76

 

4929.51

 

  Profit Before Tax  5773.92 6949.12 10875.76 13614.19 31012.87
3 Capital Employed:
  a) Cement 83884.09 57087.58 83884.09 57087.58 75939.61
  b) Paper & Board 28493.90 24694.68 28493.90 24694.68 27889.60
  c) Electrical Consumer Durables 9159.81 7913.51 9159.81 7913.51 11300.03
  d) Others - 1104.86 - 1104.86 -
  Total 121537.80 90800.63 121537.80 90800.63 115129.24
  * 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.