Orient Paper & Industries Limited   
  
ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]

Audited Financial Results for the year ended 31st March, 2008
Orient Paper & Industries Limited. Consolidated 
Sl. No. Particulars Nine months ended 31.12.2007 (Unaudited) Three months ended 31.03.2008 (Unaudited) Corresponding three Months ended 31.03.2007
(Unaudited)		 Current Accounting year ended 31.03.2008
(Audited)
 Previous Accounting year ended 31.03.2007 
(Audited)

 Current Accounting year ended 31.03.2008 
(Audited)
 Previous Accounting year ended 31.03.2007 
(Audited)
 
1 Gross Sales/Income from Operations 106159.45 43514.48 39163.64 149673.93 126480.61 158346.08 135613.13
Less : Excise duty / Sales tax 14777.43 5650.80 5264.35 20428.23 16800.01 20519.16 16865.77
(a) Net Sales/Income from Operations 91382.02 37863.68 33899.29 129245.70 109680.60 137826.92 118747.36
(b) Know How & Service Fees 262.50 69.58 132.07 332.08 543.06 234.65 383.73
2   Other Income 1493.33 253.81 901.17 1747.14 1438.64 1894.91 1509.39
3 Total Income (1+2) 93137.85 38187.07 34932.53 131324.92 111662.30 139956.48 120640.48
4 Total Expenditure 67824.68 30397.98 25751.15 98222.66 87621.09 107108.01 96641.78
(a) Increase (-) / decrease (+) in Stock in trade and work-in-progress -2563.08 2692.63 1514.86 129.55 -614.62 192.93 -348.97
(b) Purchase of Traded Goods 1180.97 1194.08 341.45 2375.05 594.37 2375.05 594.37
(c) Consumption of raw materials 24872.39 9387.36 9420.45 34259.75 32212.69 36514.29 34381.23
(d) Consumption of Stores , Chemicals & Spares 5042.06 1600.67 1806.85 6642.73 6447.19 8051.98 7921.19
(e) Power & Fuel 12355.99 4748.61 4065.79 17104.60 15249.73 20337.39 18306.77
(f) Employees Cost 5921.17 1532.46 1842.46 7453.63 7414.08 8452.44 8375.84
(g) Packing, Freight & Forwarding Charges (Net) 11255.62 4286.29 3745.50 15541.91 14544.71 15548.27 14549.01
(h) Deferred Revenue Expenditure written off 397.08 332.45 241.51 * 729.53 734.17 729.53 734.17
(I) Depreciation 2004.51 702.85 672.26 2707.36 2622.17 3386.42 3290.24
(j) Other Expenditure 7357.97 3920.58 2100.02 11278.55 8416.60 11519.71 8837.93
5 Profit before interest, prior period item & tax (3 -4) 25313.17 7789.09 9181.38 33102.26 24041.21 32848.47 23998.70
6 Interest 1439.27 312.60 912.54 1751.87 3270.24 2939.16 4599.92
7 Prior Period Items- Energy Development Cess for earlier years - - 1,168.55 - 1,168.55 - 1,168.55
8 Profit before tax ( 5-6-7) 23873.90 7476.49 7100.29 31350.39 19602.42 29909.31 18230.23
9 Tax Expenses
Current Tax 7291.00 2,829.90 789.20 10120.90 2176.20 10120.90 2176.49
MAT Credit Entitlement / Reversal 40.41 (162.09) (962.40) (121.68) (2,349.40) (121.68) (2,349.40)
Deferred Tax 830.91 (52.76) 2449.00 778.15 6,603.14 710.00 6380.54
Fringe Benefit Tax 88.50  36.50 26.14 125.00 105.00 125.43 105.71
Excess provision for taxation written-back (13.80) 13.68 (0.77) (0.12) (0.77) (0.15) (0.77)
10 Net Profit (8-9) 15636.88 4811.26 4799.12 20448.14 13068.25 19074.81 11917.66
11 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1706.30 1927.15 1483.75 1927.15 1483.75 1927.15 1483.75
12 Reserves excluding Revalution Reserve - - - 45,775.74 12,849.10 43,776.55 12481.84
13 Basic and Diluted earning per share (EPS) (Rupees)
EPS before prior period item # 9.4 2.5 3.5 11.9 8.7 11.1 8.0
EPS after prior period item # 9.4 2.5 3.0 11.9 8.2 11.1 7.5
14 Aggregate of Public Shareholding
- Number of shares 124968940 102638760 101351130 102638760 101351130
- Percentage of shareholding 64.79 69.18 68.31 69.18 68.31
 
* Includes compensation under voluntary retirement scheme Rs.424.76 lacs ( Rs.629.43 lacs )
# After considering proportionate dividend on Cumulative Preference Shares in terms of Accounting Standard 20.
Notes :-
1 The Board recommends a final dividend of Rs 0.70 (70%) per share on equity shares of the company making a total dividend of Rs 1.20/- (120%) per share including interim dividend declared earlier. The Board also recommends the dividend on preference share @ 12%per annum for the period from 01-10-07 to 31-03-08 .
2 Equity Shares having face value of Rs.10 per share was split / sub-divided into 10 shares of Re.1 each during the quarter as per share holders approval at the extra ordinary general meeting held on 2nd January'2008.
3 During the current quarter, the paid up share capital of the company has increased from Rs.1706.30 lacs to Rs.1927.15 lacs on receipt of final call money against the shares alloted on rights basis. The amount received against call money has been utilised by the company towords expenses on expansion / captive power plant at the company's cement unit. 
4 There were no investor complaints at the begining and the close of the quarter. The company had received two complaints during the quarter, which were resolved during the quarter.
5 The consolidated financial results for 2007-2008 as indicated in the above table includes Orient Paper & Industries Ltd., it's wholly owned subsidiaries and proportionate share of the overseas joint venture company.
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 21st April, 2008.
  
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
 
(Rs. in Lacs)
Sl. No. Particulars Orient Paper & Industries Limited
    Nine months ended 31.12.2007 (Unaudited) Three months ended 31.03.2008 (Unaudited) Corresponding three Months ended 31.03.2007 (Unaudited) Current Accounting year ended 31.03.2008 (Audited)
 Previous Accounting year ended 31.03.2007 (Audited)
1 Segment Revenue :          
  a) Paper & Board 21408.14 6,012.37 7339.28 27,420.51 26258.37
  b) Cement    54001.50 19,318.00 16668.69 73,319.50 59171.07
  c) Electric Fans 15972.38 12,533.31 9891.32 28,505.69 24251.16
  d) Know-How & Service Fees 262.50 69.58 132.07 332.08 543.06
  Total 91644.52 37933.26 34031.36 129577.78 110223.66
  Less : Inter Segment Revenue - - - - -
  Net Sales/Income from Operations 91644.52 37933.26 34031.36 129577.78 110223.66
             
2 Segment Results (Profit)+/Loss(-) before Interest, Prior Period Items & Tax) :
  a) Paper & Board - Amlai 3247.55 350.65 1038.92 3,598.20 2574.85
  - Brajrajnagar * (715.26) (209.37) (350.49) (924.63) (1277.95)
    2532.29 141.28 688.43 2673.57 1296.90
  b) Cement 23439.04 7,758.64 7827.20 31,197.68 22623.00
  c) Electric Fans 828.95 1,357.15 758.51 2,186.10 781.71
  d) Know-How & Service Fees 50.01 94.16 87.57 144.17 452.98
  Total 26850.29 9,351.23 9361.71 36,201.52 25154.59
  Less :          
  (i) Interest 1439.27 312.60 912.55 1,751.87 3270.24
  (ii) Other un-allocable expenditure net of un-allocable income 1537.12 1,562.14 180.32 3,099.26 1113.38
  Total Profit before Prior Period Items & Tax 23873.90 7,476.49 8268.84 31,350.39 20770.97
  Less : Prior Period Item - Energy Development cess for earlier years - - 1168.55 - 1,168.55
  Total Profit before Tax 23873.90 7,476.49 7100.29 31,350.39 19602.42
3 Capital Employed :          
  a) Paper & Board    14056.91 15,358.77 12058.77 15,358.77 12058.77
  b) Cement 34324.01 38,825.17 23997.46 38,825.17 23997.46
  c) Electric Fans      6888.05 8,560.30 6161.46 8,560.30 6161.46
  d) Know-How & Service Fees 2109.79 2,209.72 2050.23 2,209.72 2050.23
  Total 57378.76 64,953.96 44267.92 64,953.96 44267.92
  * Shown seperately since the unit is non - operational.
  
Copyright © 2007-2008 ORIENT PAPER & INDUSTRIES LTD.