ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
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Unaudited Financial Results for the Quarter / Nine months ended 31st Dec, 2008
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(Rs. in Lacs) |
Sl. No. |
Particulars |
Quarter Ended |
Nine Months Ended |
Year Ended |
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31.12.08
(UnAudited) |
31.12.07
(UnAudited) |
31.12.08
(UnAudited) |
31.12.07
(UnAudited) |
31.03.08 (Audited) |
1 |
Gross Sales/Income from Operations |
39235.95 |
37182.17 |
115328.28 |
106421.95 |
150006.01 |
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Less : Excise duty / Sales tax |
4649.44 |
5096.85 |
14309.64 |
14777.43 |
20428.23 |
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Net Sales/Income from Operations |
34586.51 |
32085.32 |
102018.64 |
91644.52 |
129577.78 |
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(b) Other Operating Income |
90.76 |
39.81 |
260.76 |
1170.93 |
1326.12 |
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Total Income |
34677.27 |
32125.13 |
102279.40 |
92815.45 |
130903.90 |
2 |
Expenditure |
26860.27 |
23625.47 |
80450.95 |
67824.68 |
98222.66 |
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(a) Increase (-) / decrease (+) in Stock in trade and work-in-progress |
(-1821.80) |
(-901.42) |
(-3562.20) |
(-2603.19) |
(63.56) |
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(b) Purchase of Trading Goods |
1271.86 |
430.38 |
3886.70 |
1180.97 |
2375.05 |
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(c) Consumption of raw materials |
8461.99 |
8686.42 |
26129.64 |
24912.50 |
34325.74 |
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(d) Consumption of Stores , Chemicals & Spares |
2146.64 |
1747.66 |
5722.75 |
5015.61 |
6605.64 |
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(e) Power & Fuel |
5276.91 |
4258.04 |
14695.44 |
12355.99 |
17104.60 |
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(f) Employees Cost |
2080.20 |
2043.21 |
6350.02 |
5921.17 |
7533.55 |
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(g) Packing, Freight & Forwarding Charges (Net) |
4806.97 |
3971.35 |
13999.13 |
11255.62 |
15541.91 |
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(h) Deferred Revenue Expenditure written off |
78.50* |
132.39 |
233.83* |
397.08 |
729.53 |
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(I) Depreciation |
849.25 |
688.93 |
2425.32 |
2004.51 |
2707.36 |
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(j) Other Expenditure |
3709.75 |
2558.51 |
10568.32 |
7384.42 |
11235.72 |
3 |
Profit from operation before income. Interest & tax (1-2) |
7817.00 |
8499.66 |
21828.45 |
24990.77 |
32681.24 |
4 |
Other Income |
141.03 |
105.71 |
499.83 |
322.40 |
421.02 |
5 |
Profit before Interest & tax (3+4) |
7958.03 |
8605.37 |
22328.28 |
25313.17 |
33102.26 |
6 |
Interest |
514.18 |
424.44 |
1270.24 |
1439.27 |
1751.87 |
7 |
Profit before Tax(5-6) |
7443.85 |
8180.93 |
21058.04 |
23873.90 |
31350.39 |
8 |
Tax Expenses |
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Current Tax |
2677.00 |
1850.00 |
8067.00 |
7291.00 |
10120.90 |
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Mat Credit Entitlement (Net) |
13.98 |
40.41 |
13.98 |
40.41 |
(121.68) |
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Deferred Tax |
(319.57) |
894.69 |
(1,282.19) |
830.91 |
778.15 |
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Fringe Benefit Tax |
58.16 |
41.00 |
118.36 |
88.50 |
125.00 |
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Excess provision for taxation written-back |
(108.25) |
- |
(108.25) |
(13.80) |
(0.12) |
9 |
Net Profit After Tax (7-8) |
5122.53 |
5344.83 |
14249.14 |
15636.88 |
20448.14 |
10 |
Paid-up Equity Share Capital (Face Value per share : Rs.1/-) |
1927.56 |
1706.30 |
1927.56 |
1706.30 |
1927.15 |
11 |
Reserves excluding Revalution Reserve |
- |
- |
- |
- |
45775.74 |
12 |
Basic and Diluted earning per share (EPS) (Rupees) |
2.66 |
3.09 |
7.37 |
9.40 |
11.90 |
13 |
Aggregate of Public Shareholding |
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- Number of shares |
121990815 |
12496894 |
121990815 |
12496894 |
124974930 |
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- Percentage of shareholding |
63.25 |
54.79 |
63.25 |
64.79 |
64.79 |
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* Includes Rs.78.50 lacs (Rs.106.20 lacs) and Rs.233.83 lacs (Rs. 318.52 lacs) for the quarter and nine months respectively towards compensation under voluntary retirement scheme. |
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 27th January, 2009. |
3 |
There were no exceptional/ extraordinary items during the quarter/ nine months ended 31st December 2008. |
4 |
a |
The Board of directors of Company has decided to amalgamate its wholly owned Subsidiaries , namely Air Conditioning Corporation Ltd and OPI Export Ltd. with the company with the effect from 1st April 2008 subject to necessary approvals. Pending approvals of the aforesaid amalgamation, the operational result pertaining to the said subsidiaries for the period from 1st April 2008 to 31st December 2008 have not been incorporated in the above result.
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b |
The Share holders of the Company at the Court convened general meeting held on 22nd January 2009 has approved the scheme of arrangement for transfer of Chemical Division of GMMCO Ltd. to the Company with the effect from 1st October 2008. Pending necessary compliances and approval of the said Scheme by Hon'ble High Court, the operational result pertaining to the said subdivisions for the period from 1st October 2008 to 31st December 2008 have not been incorporated in the above result. |
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5 |
They were no investor's complaints at the beginning and close of the quarter. The Company has received two complaints during the quarter which were resolved during the quarter. |
6 |
Previous period figures have been regrouped / rearranged wherever necessary. |
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Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement |
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(Rs. in Lacs) |
Sl. No. |
Particulars |
Quarter Ended |
Nine months ended |
Year Ended |
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31.12.08
(UnAudited) |
31.12.07
(UnAudited) |
31.12.08
(UnAudited) |
31.12.07
(UnAudited) |
31.03.08 (Audited) |
1 |
Segment Revenue : |
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a) Cement |
22045.49 |
19436.65 |
63826.35 |
54001.50 |
73319.50 |
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b) Paper & Board |
6910.08 |
7333.62 |
18295.24 |
21408.14 |
27420.51 |
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c) Electrical consumer durables |
5630.94 |
5296.46 |
19697.05 |
15972.38 |
28505.69 |
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d) Others |
- |
18.59 |
- |
262.50 |
332.08 |
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Total |
34586.51 |
32085.32 |
102018.64 |
91644.52 |
129577.78 |
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Less : Inter Segment Revenue |
- |
- |
- |
- |
- |
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Net Sales/Income from Operations |
34586.51 |
32085.32 |
102018.64 |
91644.52 |
129577.78 |
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2 |
Segment Results : Profit (+)/Loss(-) before interest, prior period items & Tax from each segment) : |
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a) Cement |
8349.43 |
7919.48 |
24151.74 |
23439.04 |
31197.68 |
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b) Paper & Board - Amlai |
688.99 |
1114.15 |
1491.08 |
3247.55 |
3598.20 |
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- Brajrajnagar * |
(197.19) |
(239.13) |
(594.10) |
(715.26) |
(924.63) |
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491.80 |
875.02 |
896.98 |
2532.29 |
2673.57 |
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c) Electrical Consumer durables |
246.18 |
321.44 |
994.65 |
828.95 |
2186.10 |
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d) Others |
- |
(1.11) |
- |
50.01 |
144.17 |
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Total |
9087.41 |
9114.83 |
26043.37 |
26850.29 |
36201.52 |
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Less : |
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(i) Interest |
514.18 |
424.44 |
1270.24 |
1439.27 |
1751.87 |
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(ii) Other un-allocable expenditure |
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Net of un-allocable income |
1129.38 |
509.46 |
3715.09 |
1537.12 |
3099.26 |
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Total Profit before Tax |
7443.95 |
8180.93 |
21058.04 |
23873.90 |
31350.39 |
3 |
Capital Employed : |
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a) Cement |
70928.72 |
34324.01 |
70928.72 |
34324.01 |
38825.17 |
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b) Paper & Board |
25853.07 |
14056.91 |
25853.07 |
14056.91 |
15358.77 |
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c) Electrical Consumer durables |
9305.76 |
6888.05 |
9305.76 |
6888.05 |
8560.30 |
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d) Others |
552.43 |
2109.79 |
552.43 |
2109.79 |
2209.72 |
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Total |
106639.98 |
57378.76 |
106639.98 |
57378.76 |
64953.96 |
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* Shown seperately since the unit is non - operational. |