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ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
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Unaudited Financial Results for the quarter ended 30th June, 2010 |
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(Rs. in Lacs) |
Sl. No. |
Particulars |
Quarter Ended |
Year Ended |
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30.06.10
(Unaudited) |
30.06.09
(Unaudited)
|
31.03.10 (Audited) |
1 |
Gross Sales/Income from Operations |
49387.75 |
37719.02 |
176854.39 |
|
Less : Excise duty |
5228.73 |
3107.52 |
14878.93 |
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(a) Net Sales/Income from Operations |
44159.02 |
34611.50 |
161975.46 |
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(b) Other Operating Income |
763.85 |
174.73 |
987.14 |
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Total Income |
44922.87 |
34786.23 |
162962.60 |
2 |
Expenditure |
38900.72 |
29152.24 |
136740.51 |
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(a) Increase(-)/decrease(+) in Stock in trade and work-in-progress |
(293.08) |
(1076.17) |
(2768.11) |
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(b) Purchases of Trading Goods |
2114.32 |
2156.64 |
8295.58 |
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(c) Consumption of raw materials |
12604.90 |
10954.40 |
48112.70 |
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(d) Consumption of Stores , Chemicals & Spares |
649.04 |
1083.35 |
5428.33 |
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(e) Power & Fuel |
8365.43 |
4399.34 |
26797.03 |
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(f) Employees Cost |
2792.62 |
2452.89 |
10549.92 |
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(g) Packing, Freight & Forwarding Charges |
6390.15 |
4190.31 |
18866.26 |
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(h) Deferred Revenue Expenditure written off * |
- |
58.01 |
232.05 |
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(I) Depreciation |
1918.13 |
892.75 |
5501.36 |
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(j) Other Expenditure |
4359.21 |
4040.72 |
15725.39 |
3 |
Profit from Operations before Other Income, Interest, Exceptional Items & tax (1-2) |
6022.15 |
5633.99 |
26222.09 |
4 |
Other Income |
114.32 |
85.30 |
641.72 |
5 |
Profit before Interest, Exceptional Items & tax (3+4) |
6136.47 |
5719.29 |
26863.81 |
6 |
Interest |
1007.36 |
607.08 |
3453.27 |
7 |
Profit after Interest but before Exceptional Items & tax (5-6) |
5129.11 |
5112.21 |
23410.54 |
8 |
Tax Expenses |
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Current Tax |
1,328.00 |
1848.00 |
4780.65 |
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MAT Credit Entitlement |
- |
- |
3311.24 |
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Deferred Tax |
377.03 |
(119.38) |
6010.25 |
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Fringe Benefit Tax |
- |
28.00 |
- |
9 |
Profit from Ordinary Activities before tax (7-8) |
3424.08 |
3355.59 |
15930.88 |
10 |
Paid-up Equity Share Capital (Face Value per share : Re.1/-) |
1928.76 |
1928.46 |
1928.67 |
11 |
Reserves excluding Revalution Reserve |
- |
- |
74733.94 |
12 |
Basic and Diluted earning per share (EPS) (Rupees) |
1.77 |
1.74 |
8.26 |
13 |
Aggregate of Public Shareholding |
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- Number of shares |
127956808 |
122090943 |
128259273 |
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- Percentage of shareholding |
66.34% |
63.30% |
66.50% |
14 |
Promoters and Promoter Group Share Holding |
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(a) Pledged / Encumbered |
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Number of shares |
Nil |
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Nil |
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Percentage of shares (as % of the total shareholding of promoter and promoter group) |
Nil |
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Nil |
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Percentage of shares (as % of the total share capital of the company) |
Nil |
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Nil |
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(b) Non- Encumbered |
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Number of shares |
64927962 |
70793827 |
64625497 |
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Percentage of shares (as % of the total shareholding of promoter and promoter group) |
100% |
100% |
100% |
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Percentage of shares (as % of the total share capital of the company) |
33.66% |
36.70% |
33.50% |
* Represents 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 |
Results for the quarter were adversely impacted because production at the Paper plant had to remain shut for the entire period during the quarter because of water scarcity. Production at the plant has since restarted. |
3. |
There were no investor complaints at the begining and the close of the quarter. The Company had received four complaints during the quarter, which were resolved during the quarter. |
4. |
There were no exceptional and extraordinary items during the quarter ended 30th June '2010. |
5. |
The Board of Directors of the Company has decided to amalgamate its wholly owned Subsidiariy, namely OPI Export Ltd with the Company with effect from 1st April'2010 subject to necessary approvals. Pending approvals of the aforesaid amalgamation, the operational results pertaineing to the said subsidiary for the period from 1st April,2010 to 30th June,2010 have not been incorporated in the above results. |
6. |
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 for in earlier years since the demand is currently stayed and under reconsideration by the Government of Madhya Pradesh. |
7. |
Figures for the Quarter ended 30th June, 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 |
8. |
Previous period figures have been regrouped / rearranged wherever necessary. |
9. |
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 29th July, 2010. |
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Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
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Sl. No. |
Particulars |
Quarter Ended
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Year Ended
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30.06.10
(Unaudited)
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30.06.09
(Unaudited)
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31.03.10
(Audited) |
1 |
Segment Revenue: |
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a) Cement |
28432.77 |
21549.39 |
89475.79 |
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b) Paper & Board |
2143.30 |
2793.42 |
23938.18 |
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c) Electrical Consumer Durables |
13474.39 |
10183.32 |
48084.92 |
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d) Others |
108.56 |
85.37 |
476.57 |
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Total |
44159.02 |
34611.50 |
161975.46 |
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Less : Inter Segment Revenue |
- |
- |
- |
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Net Sales/Income from Operations |
44159.02 |
34611.50 |
161975.46 |
2 |
Segment Results : (Profit (+)/Loss(-) before interest & Tax from each segment) : |
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a) Cement |
7750.63 |
6811.93 |
25390.60 |
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b) Paper & Board - Amlai |
(2,212.52) |
(2108.78) |
(3596.11) |
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- Brajrajnagar * |
(119.00) |
(175.52) |
(716.36) |
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(2,331.52) |
(2284.30) |
(4312.47) |
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c) Electrical Consumer Durables |
958.23 |
1510.57 |
6174.52 |
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d) Others |
9.15 |
9.84 |
26.17 |
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Total |
6386.49 |
6048.04 |
27278.82 |
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Less: |
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(i) Interest |
1007.36 |
607.08 |
3453.27 |
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(ii) Other un-allocable expenditure net of un-allocable income |
250.02 |
328.75 |
415.01 |
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Profit Before Tax |
5129.11 |
5112.21 |
23410.54 |
3 |
Capital Employed: |
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a) Cement |
90205.69 |
79781.28 |
88877.62 |
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b) Paper & Board |
30887.57 |
27616.45 |
28858.71 |
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c) Electrical Consumer Durables |
10921.33 |
8192.30 |
14374.96 |
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d) Others |
67.93 |
180.31 |
134.97 |
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Total |
132082.52 |
115770.34 |
132246.26 |
* |
Shown separately since the unit is non - operational. |