Orient Paper & Industries Limited   
  
  
  
    
   
  
    

ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
  
Unaudited Financial Results for the quarter ended 30th June, 2008
        (Rs. in Lacs)
Sl. No. Particulars Quarter Ended Year Ended
    30.06.08

30.06.07

 31.03.08 (Audited)
1 Gross Sales/Income from Operations 36962.74 34223.52 150006.01
  Less : Excise duty 4786.67 4916.21 20428.23
  Net Sales/Income from Operations 32176.07 29307.31 129577.78
2 Other Income 180.55 203.32 1747.14
3 Total Income (1+2) 32356.62 29510.63 131324.92
4 Total Expenditure 25304.15 22174.93 98222.66
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress -1100.99 -512.79 63.56
  (b) Purchases of Trading Goods 1309.65 289.26 2375.05
  (c) Consumption of raw materials 8890.79 8259.72 34325.74
  (d) Consumption of Stores , Chemicals & Spares 1228.04 1524.81 6642.73
  (e) Power & Fuel 4532.73 3950.79 17104.60
  (f) Employees Cost 2073.26 1871.54 7533.55
  (g) Packing, Freight & Forwarding Charges (Net) 4433.24 3509.17 15541.91
  (h) Deferred Revenue Expenditure written off 77.59 * 127.73 729.53
  (I) Depreciation 772.62 641.46 2707.36
  (j) Other Expenditure 3087.22 2513.24 11198.63
5 Profit before interest & tax (3-4) 7052.47 7335.70 33102.26
6 Interest 387.40 556.64 1751.87
7 Profit before tax ( 5-6) 6665.07 6779.06 31350.39
8 Tax Expenses      
  Current Tax 2713.00 2,425.00 10120.90
  MAT Credit Entitlement (Net) - - (121.68)
  Deferred Tax (686.75)** (128.84) (778.15)
  Fringe Benefit Tax 28.05 22.50 125.00
  Excess provision for taxation written-back - - (0.12)
9 Net Profit (7-8) 4610.77 4460.40 20448.14
10 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1927.38 1,483.75 1927.15
11 Reserves excluding Revaluation Reserve - - 45775.74
12 Basic and Diluted earning per share (EPS) (Rupees) # 2.38 2.96 11.90
13 Aggregate of Public Shareholding      
  - Number of shares 123559430 101500330 124974930
  - Percentage of shareholding 64.06 68.41 64.79
* Includes compensation under voluntary retirement scheme Rs.77.59 lacs ( Rs.101.54 lacs )
** Includes credit of Rs.213.91 lacs partaining to earlier years.
# After considering proportionate dividend on Cumulative Preference Shares in terms of Accounting Standard 20
 
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 have been affected due to loss of production at Amlai paper unit for 46 days during the quarter due to unprecedented shortage of water.The plant has been fully operational from 6th June, 2008.
3. 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.
4. There were no exceptional / extraordinary items during the quarter ended 30th June, 2008.
5. 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 June,2008 have not been incorporated in the above results.
6. Previous period figures have been regrouped / rearranged wherever necessary.
7. 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, 2008.
 

Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
Sl. No.  Particulars

Quarter Ended

Year Ended

 

  

30.06.08

30.06.07

 31.03.08
(Audited)
1 Segment Revenue:
  a) Cement  21158.67 17063.02 73319.50
  b) Paper & Board 3,416.80 6207.39 27420.51
  c) Electrical Consumer Durables 7600.60 5914.13 28505.69
  d) Others - 122.77 332.08
  Total 32176.07 29307.31 129577.78
    Less : Inter Segment Revenue - - -
  Net Sales/Income from Operations 32176.07 29307.31 129577.78
2 Segment Results : (Profit (+)/Loss(-) before interest & Tax from each segment) : 8411.04

 

 7362.20

 

 31197.68

 
  a) Cement (396.57) 576.68 3598.20
  b) Paper & Board - Amlai (198.39) (237.43) (924.63)
  - Brajrajnagar * (594.96) 339.25 2673.57
  c) Electrical Consumer Durables 456.67 210.05 2186.10
  d) Others - -14.54 144.17
  Total 8272.75 7896.96 36201.52
  Less:      
  (i)  Interest 387.40 556.64 1751.87
  (ii) Other un-allocable expenditure net of un-allocable income 1220.28 561.26 3099.26
  Total Profit before Tax 6665.07 6779.06 31350.39
3 Capital Employed:
  a) Paper & Board 20225.36 13604.22 15358.77
  b) Cement 45458.37 26255.80 38825.17
  c) Electrical Consumer Durables 7558.31 5679.37 8560.30
  d) Others 1657.29 2038.91 2209.72
  Total 74899.33 47578.30 64953.96
* Shown separately since the unit is non - operational.
  
   
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