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, 2009
        Orient Paper & Industries Limited. Consolidated 
Sl. No. Particulars Nine months ended 31-12-2008
(Unaudited)		 Three months ended 31-03-2009 (Unaudited) Corresponding three months ended 31-03-2008 (Unaudited) Current Accounting year ended 31-03-2009 (Audited) Previous Accounting year ended 31-03-2008 (Audited) Current Accounting year ended 31.03.2009 (Audited) Previous Accounting year ended 31.03.2008 (Audited)
1 Gross Sales/Income from Operations 118099.71 50963.65 43584.06 169063.36 150006.01 169643.62 158580.73
  Less : Excise duty / Sales tax 14478.07 4267.53 5650.81 18745.60 20387.84 18807.60 20519.16
  (a) Net Sales/Income from Operations 103621.64 46696.12 37933.25 150317.76 129618.17 150836.02 138061.57
  (b) Other Operating Income 347.87 1325.14 240.95 1673.01 1549.41 1,673.07  1,473.89 
  Total Income 103969.51 48021.26 38174.20 151990.77 131167.58 152509.09 139535.46
2  Expenditure 78712.53 35976.73 30440.36 114689.26 98267.19 114972.77 107108.01
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (3,462.45) 3664.11 2692.63 201.66 63.56 208.89 192.93
  (b) Purchase of Trading Goods 3886.70 2150.52  1194.08 6037.22 2375.05 6037.22 2375.05
  (c) Consumption of raw materials 26418.52 10079.78 9387.36 36498.30 34057.26 36878.18 36514.29
  (d) Consumption of Stores , Chemicals & Spares 5342.57 1908.69  1600.67 7251.26 6605.83 7253.45  8051.98
  (e) Power & Fuel 15615.94 5845.30  4748.61 21461.24 17104.64 21463.40 20337.39
  (f) Employees Cost 6535.04 2151.11 1568.37 8686.15  7530.55 8732.56  8452.44
  (g) Packing, Freight & Forwarding Charges (Net) 14002.01 4828.96 4286.29 18830.97 15547.91 18840.75 15548.27
  (h) Deferred Revenue Expenditure written off 233.83 78.11 332.45 311.94 729.53 311.94 729.53
  (I) Depreciation 2458.08 1013.31 702.82 3471.39 2707.36 3473.16 3386.42
  (j) Other Expenditure 7682.29 4256.84 3927.08 11939.13 11545.50 11773.22 11519.71
3 Profit from operation before income. Interest & tax (1-2) 25256.98 12044.53 7733.84 37301.51 32900.39 37536.32 32427.45
4 Other Income 506.69  138.47 98.62 645.16 421.02 645.16 421.02
5 Profit before Interest & Exceptional Items & tax (3+4) 25763.67 12183.00 7832.46 37946.67 33321.41 38181.48 32848.47
6 Interest 1380.56 687.36 355.97 2067.92 1971.02 2070.39 2939.16
7 Profit after Interest but before Exceptional Items & tax (5-6) 24383.11 11495.64 7476.49 35878.75 31350.39 36111.09 29909.31
8 Exceptional Items 3,018.93 1846.95 - 4865.88 - 4,865.88 -
9 Profit from Ordinary Activities before tax ( 7-8) 21364.18 9648.69 7476.49 31012.87 31350.39 31245.21 29909.31
10 Tax Expenses              
  Current Tax 7958.75 2487.00 2843.58 10445.75 10120.78 10445.75 10120.75
  MAT Credit Entitlement (Net) 13.98 (89.96) (162.09) (75.98) (121.68) (75.98) (121.68)
  Deferred Tax (1,282.19) 1753.89 (52.76) 471.70 778.15 471.70 710.00
  Fringe Benefit Tax 118.36 43.64 36.50 162.00 125.00 162.44 125.43
11 Net Profit from Ordinary Activities after tax (9-10) 14555.28 5454.12 4811.26 20009.40 20448.14 20241.30 19074.81
12 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1927.56 1927.67 1927.15 1927.67 1927.15 1927.67 1927.15
13 Reserves excluding Revaluation Reserve       62318.24 45775.74 62313.47 43776.55
14 Basic and Diluted earning per share (EPS) (Rupees) 7.37 2.83 2.50 10.36 11.94 10.48 11.13
15 Aggregate of Public Shareholding              
  - Number of shares 121990815 121889205 102638760 121889205 124974930    
  - Percentage of shareholding 63.25 63.19 64.79 63.19 64.79    
16 Promoters and Promoter Group Share Holding
              
  (a) Pledged / Encumbered              
  Number of shares   Nil   Nil      
  Percentage of shares (as % of the total shareholding of promoter and promoter group   Nil   Nil      
  Percentage of shares (as % of the total share capital of the company)   Nil   Nil      
  (b) Non- Encumbered              
  Number of shares   70995565   70995565      
  Percentage of shares (as % of the total shareholding of promoter and promoter group)   100%   100%      
  Percentage of shares (as % of the total share capital of the company)   36.81   36.81      
 *Includes Rs.78.11 lacs (Rs.78.50 lacs) and Rs.311.94 lacs ( Rs.233.83 lacs ) for the quarter and year ended respectively towards compensation under voluntary retirement scheme.
 
Notes :-
1 The Board recommends a dividend of Rs. 1.50 per share (150%) on equity shares of the Company. The Board also recommends dividend on preference shares @ 6% for the period from 30th March to 31st March 2009. 
2 Pursuant to the Scheme of arrangement for transfer of chemical division of GMMCO Ltd approved by Hon’ble Orissa & Kolkata High Court, the said Chemical division has been transferred to the Company with effect from the appointed date i.e. 1st October, 2008. Accordingly, the figures of the said division are incorporated.
3 Merger of wholly owned subsidiary Companies viz. ACC Ltd & OPI Export Ltd. could not be completed during the year, hence the Board has decided to amalgamate the said companies w.e.f. 01-04-09 subject to necessary approvals.
4 Exceptional items include – (i) write off of dues from JV Company Rs 4025.24 lacs (Net) and (ii) Rs. 840.64 lacs towards water tax for earlier years.
5 The Consolidated Financial Results for 2008-09 as indicated in the above table includes results of Orient Paper & Industries Ltd., and its wholly owned subsidiaries but does not include proportionate interest in the joint venture company due to non availability of accounts due to suspension of operation of the JV Company. 
6 There were no investor’s complaints at the beginning and close of the quarter. The company had received four complaints during the quarter, which were resolved during the quarter.
7 There were no extraordinary items during the quarter / year ended 31st March,2009.
8 Previous period figures have been recasted/regrouped 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 12th June, 2009.
 
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
 
      (Rs. in Lacs)
Sl. No. Particulars          
    Nine months ended 31-12-2008 (Unaudited) Three months ended 31-03-2009 (Unaudited) Corresponding three months ended 31-03-2008 (Unaudited)  Current Accounting year ended 31-03-2009 (Audited) Previous Accounting year ended 31-03-2008 (Audited)    
1 Segment Revenue :              
  a) Cement 63826.35 23348.32 19318.00 87174.67 73319.50    
  b) Paper & Board 19898.24 9102.23  6012.36 29000.47 27420.51    
  c) Electrical consumer durables 19897.05 14245.57 12533.31 34142.62 28546.08    
  d) Others - - 69.58 - 332.08    
  Total 103621.64 46696.12 37933.25 150317.76 129618.17    
  Less : Inter Segment Revenue - - - -     -
  Net Sales/Income from Operations 103621.64 46696.12 37933.25 150317.76 129618.17    
                 
2 Segment Results : Profit (+)/Loss(-) before interest & Tax from each segment.
   
  a) Cement 24151.74 10109.86 7758.64 34261.60 31197.68    
  b) Paper & Board - Amlai 1814.80 -699.24 350.65 1115.56 3598.20    
  - Brajrajnagar * -594.19 -161.21 -209.37 -755.40 -924.63    
    1220.61 -860.45 141.28 360.16 2673.57    
  c) Electrical Consumer durables 994.66 2393.88 1357.15 3388.54 2186.10    
  d) Others - - 94.16  - 144.17    
  Total 26367.01 11643.29 9351.23 38010.30 36201.52    
  Less :              
  (i) Interest 1380.56 687.36 355.97 2067.92 1971.02    
  (ii) Other un-allocable expenditure 3622.27 1307.24  1518.77 4929.51 2880.11    
  Profit Before Tax 21364.18 9648.69  7476.49 31012.87 31350.39    
                 
3 Capital Employed :              
  a) Cement 70928.72 75939.61 38825.17 75939.61 38825.17    
  b) Paper & Board 25853.07 27889.60 15358.77 27889.60 15358.77    
  c) Electrical Consumer durables 9305.76 11300.03 8560.30 11300.03 8560.30    
  d) Others 552.43 - 2209.72 - 2209.72    
  Total 106639.98 115129.24 64953.96 115129.24 64953.96    
  * Shown separately since the unit is non - operational.
   
  
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