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,2011

 

 

 

 

(Rs. In lacs )

 

Sl.

P a r t i c u l a r s

Quarter Ended

 

Year Ended

 

No.

 

30.06.2011

 

30.06.2010

31.03.2011

 

 

 

( Unaudited )

 

( Unaudited )

(Audited)

 

1

Gross Sales/Income from Operations

59380.89

 

49387.75

217500.75

 

 

 

 

 

 

 

Less : Excise duty

5986.95

 

5228.73

21603.21

 

 

(a) Net Sales/Income from Operations

53393.94

 

44159.02

195897.54

 

 

(b)Other Operating Income

1302.94

 

763.85

3038.56

 

 

Total Income

54696.88

 

44922.87

198936.10

 

 

 

 

 

2

Expenditure

45181.12

 

38900.72

174534.96

 

 

 

 

 

 

(a) Increase (-) / decrease (+) in Stock in trade and work-in-

(3997.92)

 

 

 

 

 

progress

 

(293.08)

397.43

 

 

 

 

 

 

(b) Purchases of Traded Goods

2846.11

 

2114.32

9068.61

 

 

(c) Consumption of raw materials

17779.15

 

12604.90

60923.89

 

 

(d) Consumption of Stores , Chemicals & Spares

1387.04

 

649.04

6094.52

 

 

(e) Power & Fuel

8499.94

 

8365.43

32993.39

 

 

(f) Employees Cost

3516.22

 

2841.49

11914.09

 

 

(g) Packing, Freight & Forwarding Charges

7285.05

 

6390.15

25683.63

 

 

(h) Depreciation

2131.82

 

1918.13

8148.20

 

 

(i) Other Expenditure

5733.71

 

4310.34

19311.20

 

3

Profit from Operations before Other Income, Interest & tax (1-

9515.76

 

6022.15

24401.14

 

2)

 

 

 

 

 

 

4

Other Income

150.79

 

114.32

727.59

 

 

 

5

Profit before Interest & tax (3+4)

9666.55

 

6136.47

25128.73

 

 

 

6

Interest

929.45

 

1007.36

4177.61

 

 

 

7

Profit from Ordinary Activities before tax (5-6)

 

 

 

 

8737.10

 

5129.11

20951.12

 

 

 

8

Tax Expenses

 

 

 

 

 

Current Tax

2,649.00

 

1328.00

4239.97

 

MAT Credit Entitlement

-

 

-

(107.00)

 

Deferred Tax

150.44

 

377.03

2507.70

9

Net Profit from Ordinary Activities after tax (7-8)

5937.66

 

3424.08

14310.45

 

 

 

 

Paid-up Equity Share Capital (Face Value per share : Re.1/-

 

 

 

 

10

1928.77

 

1928.76

1928.77

 

each)

 

 

 

 

 

 

11

Reserves excluding Revalution Reserve

 

 

 

85670.60

12

Earning per share (EPS) (Face value of Re.1/- each))

 

 

 

 

 

 

 

 

Basic

3.08

 

1.77

7.42

 

 

 

 

Diluted

3.03

 

1.77

7.41

 

 

 

13

Aggregate of Public Shareholding

 

 

 

 

 

- Number of shares

128054848

 

127956808

128054848

 

- Percentage of shareholding

66.39%

 

66.34%

66.39%

14

Promoters and Promoter Group Share Holding

 

 

 

 

a)

Pledged / Encumbered

 

 

 

 

 

Number of shares

Nil

 

Nil

Nil

 

Percentage of shares (as % of the total shareholding of

Nil

 

 

 

 

promoter and promoter group)

 

Nil

Nil

 

Percentage of shares (as % of the total share capital of the

 

 

Nil

 

 

 

 

company)

 

Nil

Nil

 

 

 

b)

Non- Encumbered

 

 

 

 

 

Number of shares

64829922

 

64927962

64829922

 

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

 

 

33.61%

 

33.66%

33.61%

 

company)

 

Notes :-

  1. Limited Review of the above quarterly results has been carried out by the statutory auditors of the Company.

 

  1. 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.
  1. There were no exceptional and extraordinary items during the quarter ended 30th June '2011.

 

  1. Provision against demand for Water Tax, which had been referred to by the auditors in their report on accounts for the year ended 31st March, 2011, has been paid / provided to the extent of liablity admitted by the Company for the period upto April,2009 i.e. the period prior to new agreement effective from May,2009 entered into with the Water Resources Department. No provision against the balance demand of Rs. 18168.26 lacs has been made since the Company's application for waiver thereof is under consideration by the government of Madhya Pradesh.
  1. The Board of Directors of the Company has decided to demerge the Cement undertaking of the Company by transferring the same on a going concern basis to a newly formed wholly owned subsidiary namely Orient Cement Limited through a scheme of arrangement w.e.f. 1st April, 2012, subject to approval of the court & shareholders and other regulatory approvals.

 

  1. Previous period figures have been regrouped / rearranged wherever necessary.
  1. 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 July, 2011.

 

Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement

Sl.

P a r t i c u l a r s

Quarter Ended

 

Year Ended

 

No.

30.06.2011

 

30.06.2010

31.03.2011

 

 

 

 

 

 

 

 

 

 

 

 

( Unaudited )

 

( Unaudited )

(Audited)

 

1

Segment Revenue :

31668.17

 

28432.77

103324.13

 

 

a) Cement

 

 

 

b) Paper & Board

5076.24

 

2143.30

27736.48

 

 

c) Electrical Consumer Durables

16485.27

 

13474.39

64226.21

 

 

d) Others

164.26

 

108.56

610.72

 

 

Total

53393.94

 

44159.02

195897.54

 

 

Less : Inter Segment Revenue

-

 

-

-

 

 

Net Sales/Income from Operations

53393.94

 

44159.02

195897.54

 

2

Segment Results : (Profit (+)/Loss(-) before interest

 

 

 

 

 

 

& Tax from each segment):

 

 

 

 

 

 

a) Cement

10918.30

 

7750.63

23310.68

 

 

b) Paper & Board - Amlai

(2,168.20)

 

(2212.52)

(2849.64)

 

 

- Brajrajnagar *

(119.97)

 

(119.00)

(480.23)

 

 

 

(2,288.17)

 

(2331.52)

(3329.87)

 

 

c) Electrical Consumer Durables

1207.00

 

958.23

5731.15

 

 

d) Others

10.33

 

9.15

70.79

 

 

Total

9847.46

 

6386.49

25782.75

 

 

Less :

929.45

 

1007.36

4177.61

 

 

(i)Interest

 

 

 

(ii) Other un-allocable expenditure

180.91

 

250.02

654.02

 

 

net of un-allocable income

 

 

 

Profit Before Tax

8737.10

 

5129.11

20951.12

 

3

Capital Employed :

99500.17

 

90205.69

93600.01

 

 

a) Cement

 

 

 

b) Paper & Board

33700.53

 

30887.57

32733.64

 

 

c) Electrical Consumer Durables

19450.65

 

10921.33

20493.06

 

 

d) Others

108.07

 

67.93

98.99

 

 

Total

152759.42

 

132082.52

146925.70

 

MUMBAI

By Order of the Board

July 27th, 2011

for ORIENT PAPER & INDUSTRIES LTD.

 

 
* Shown separately since the unit is non - operational.
  
   
Copyright © 2007-2008 ORIENT PAPER & INDUSTRIES LTD.