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 September,2010
(Rs. In lacs )
Sl. Particulars Quarter Ended Half Year Ended Year Ended
No.   30.09.2010
(Unaudited)
30.09.2009
(Unaudited)
30.09.2010
(Unaudited)
30.09.2009
(Unaudited)
31.03.2010
(Audited)
1 Gross Sales/Income from Operations  42521.92 38397.31 91909.67 76116.33 176854.39
  Less : Excise duty  4230.27 2954.09 9459.00 6061.61 14878.93
  (a) Net Sales/Income from Operations 38291.65 35443.22 82450.67 70054.72 161975.46
  (b)Other Operating Income 676.59 201.61 1440.44 376.34 987.14
  Total Income 38968.24 35644.83 83891.11 70431.06 162962.60
2 Expenditure 38415.94 29414.58 77316.66 58566.82 136740.51
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (835.23) (2379.46) (1128.31) (3455.63) (2768.11)
  (b) Purchases of Traded Goods 1752.70 2050.45 3867.02 4207.09 8295.58
  (c) Consumption of raw materials 12970.58 10683.93 25575.48 21638.33 48112.70
  (d) Consumption of Stores , Chemicals & Spares 1764.12 1484.42 2413.16 2567.77 5428.33
  (e) Power & Fuel 8015.17 6246.37 16380.60 10645.71 26797.03
  (f) Employees Cost 2874.12 2740.76 5666.74 5193.65 10549.92
  (g) Packing, Freight & Forwarding Charges  5032.15 4173.05 11422.30 8363.36 18866.26
  (h) Deferred Revenue Expenditure written off  - 58.02 - 116.03 232.05
  (I) Depreciation 2002.08 1092.41 3920.21 1985.16 5501.36
  (j) Other Expenditure 4840.25 3264.63 9199.46 7305.35 15725.39
3 Profit from Operations before Other Income, Interest & tax (1-2) 552.30 6230.25 6574.45 11864.24 26222.09
4 Other Income 299.87 282.93 414.19 368.23 641.72
5 Profit before Interest & tax (3+4) 852.17 6513.18 6988.64 12232.47 26863.81
6 Interest 759.51 725.25 1766.87 1332.33 3453.27
7 Profit after Interest but before tax (5-6) 92.66 5787.93 5221.77 10900.14 23410.54
8 Tax Expenses          
  Current Tax (283.89) (865.31) 1044.11 982.69 4780.65
  MAT Credit Entitlement (Net) (414.00)                 -         (414.00)                 -   (3311.24)
  Deferred Tax 740.71 2613.72 1117.74 2494.34 6010.25
  Fringe Benefit Tax                 -   (28.00)                -                   -                   -  
9 Net Profit from Ordinary Activities after tax (7-8) 49.84 4067.52 3473.92 7423.11 15930.88
10 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1928.76 1928.53 1928.76 1928.53 1928.67
11 Paid-up Debt Capital      10000.00 10000.00 10000.00
12 Reserves excluding Revalution Reserve         74733.94
13 Debenture Redemption Reserve (included in item 12 above)     4375.00 5000.00 4375.00
14 Basic and Diluted earning per share (EPS) (Rupees)  0.02 2.11 1.80 3.85 8.26
15 Debt Equity Ratio     0.40 0.40 0.43
16 Debt Service Coverage Ratio     3.23 5.87 6.31
17 Interest Service Coverage Ratio     5.29 6.68 7.46
18 Aggregate of Public Shareholding          
  - Number of shares 127989228 127595463 127989228 127595463 128259273
  - Percentage of shareholding 66.36% 66.15% 66.36% 66.15% 66.50%
19 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- EncumberedNumber of shares 64895542 65289307 64895542 65289307 64625497
  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) 33.64%   33.85% 33.64%   33.85% 33.50%
  Notes :-
1 Limited Review of the above quarterly / six months results has been carried out by the statutory auditors of the company.
2 There were no investor complaints at the begining and the close of the quarter. The company had received five complaints during the quarter, which  were resolved during the quarter. 
3 Ratios have been computed as follows:
  Debt Service Coverage Ratio = Earning before interest, depreciation and tax  / [interest expenses (including interest capitalised)+ principal  repayment of debt]
  Interest Service Coverage Ratio = Earning before interest, depreciation and tax  / 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).
4 Paid up Debt Capital represents listed Debentures.
5 There were no exceptional and extraordinary items during the quarter / six months ended 30th September, '2010.
6 The Board of Directors of the Company has decided to amalgamate its wholly owned Subsidiary, namely OPI Exports Ltd with the Company with effect from 1st April'2010 subject to necessary approvals. Pending approvals of the aforesaid amalgamation, the operational results pertaining to the said subsidiary for the period from 1st April,2010 to 30th September,2010 have not been incorporated in the above results.
7 The Auditors in their Report on the Accounts for the year ended 31st March,2010 and subsequent Limited Review Report  for the quarter ended 30th June,2010 had commented upon the basis of provision against water tax demand which had been made to the extent of liability admitted by the Company since the demand was continued to be stayed and was under reconsideration by the Govt. of Madhya Pradesh. During the quarter, the Company has entered in to a new agreement with the Water Resource Department with effect from 27th May,2009 and accordingly the water tax has since been paid along with liability for the period prior to the date of said agreement to the extent admitted by the Company as stated above. No provision against the balance demand of Rs.10334 lacs has been made  since the Company’s application for waiver thereof is pending with the Government of Madhya Pradesh. 
8 Figures for the Quarter / six months ended 30th September, 2009 have been recasted to give effect of the amalgamation of Company's erstwhile wholly owned subsidiary,namely Air Conditioning Corporation Ltd with the Company, which has became effective from the appointed date 1st April, 2009
9 Previous period figures have been regrouped / rearranged wherever necessary.
10 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 13th November, 2010.
11 Statement of Assets and Liablities:
( Rs. In lacs )
  Particulars UNAUDITED  
  As at 30TH SEPTEMBER 2010             As at 30TH SEPTEMBER 2009 *  
 
  SHAREHOLDERS' FUNDS:   
     (a)  Share Capital 2028.76 2028.53  
     (b)  Reserves & Surplus  79086.83 70688.29  
  LOANS FUNDS  55309.94 48421.38  
  DEFERRED PAYMENT LIABILITIES 222.25 303.51  
  DEFERRED TAX LIABILITY (Net) 12145.55 7511.90  
  Total  148793.33 128953.61  
  FIXED ASSETS  122819.29 113070.58  
  INVESTMENTS 6217.02 892.30  
  CURRENT ASSETS, LOANS & ADVANCES      
  (a)  Inventories 19338.88 15901.02  
  (b)  Sundry Debtors 12655.19 12321.42  
  (c)  Cash and Bank Balances 3476.77 2077.41  
  (d)  Other Current Assets 338.59 1006.14  
  (e)  Loans and Advances 12630.99 9159.86  
    Sub Total 48440.42 40465.85  
  Less : CURRENT LIABILITIES & PROVISIONS      
  (a)  Current Liabilities 23404.53 21746.83  
  (b)  Provisions 5278.87 3844.32  
    Sub Total 28683.40 25591.15  
  NET CURRENT ASSETS  19757.02 14874.70  
  MISCELLANEOUS EXPENDITURE (to the extent not written off)                 -   116.03  
  TOTAL  148793.33 128953.61  
  * Assets and Liablities as at 30th September2009, disclosed above have not been reviewed by the auditors of the Company.
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
(Rs. In lacs )
Sl. Particulars Quarter Ended Half Year Ended Year Ended
No. 30.09.2010
(Unaudited)
30.09.2009
(Unaudited)
30.09.2010
(Unaudited)
30.09.2009
(Unaudited)
31.03.2010
(Audited)
1 Segment Revenue :           
  a) Cement  18606.00 19247.06 47038.77 40796.45 89475.79
  b) Paper & Board 6912.58 6018.07 9055.88 8811.49 23938.18
  c) Electrical Consumer Durables 12638.16 10052.72 26112.55 20236.04 48084.92
  d) Others         134.91         125.37        243.47        210.74         476.57
  Total  38291.65 35443.22 82450.67 70054.72 161975.46
  Less : Inter Segment Revenue                 -                -                  -                -                -  
  Net Sales/Income from Operations 38291.65 35443.22 82450.67 70054.72 161975.46
2 Segment Results : (Profit (+)/Loss(-) before interest & Tax from each segment)  :          
  a) Cement  536.39 6062.08 8287.44 12874.01 25390.60
  b) Paper & Board - Amlai        (215.12) (586.84)    (2,397.54) (2710.06) -3596.11
            - Brajrajnagar * (120.39) (175.82) (239.39) (351.34) (716.36)
           (335.51)        (762.66)    (2,636.93) (3061.40) -4312.47
  c) Electrical Consumer Durables 663.02 1189.14 1635.16 2699.71 6174.52
  d) Others           16.12          13.83          27.45          23.67          26.17
  Total  880.02 6502.39 7313.12 12535.99 27278.82
  Less :          
  (i)  Interest  759.51 725.25 1766.87 1332.33 3453.27
  (ii) Other un-allocable expenditure net of un-allocable income 27.85 (10.79) 324.48 303.52 415.01
  Profit Before Tax  92.66 5787.93 5221.77 10900.14 23410.54
3 Capital Employed :          
  a) Cement  91037.93 83884.09 91037.93 83884.09 88877.62
  b) Paper & Board 32169.28 28493.90 32169.28 28493.90 28858.71
  c) Electrical Consumer Durables 12408.72 9159.81 12408.72 9159.81 14374.96
  d) Others           82.91         188.13          82.91        188.13         134.97
  Total 135698.84 121725.93 135698.84 121725.93 132246.26
  * Shown seperately 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.