ORIENT PAPER &
INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)] |
| |
| Unaudited Financial
Results for the Quarter / Half year ended 30th Sept, 2007 |
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|
|
|
|
|
(Rs. in Lacs) |
Sl.
No. |
Particulars |
Quarter Ended |
Half Year Ended |
Year Ended |
| |
|
30.09.07
(Unaudited) |
30.09.06
(Unaudited) |
30.09.07
(Unaudited) |
30.09.06
(Unaudited) |
31.03.07
(Audited) |
| 1 |
Gross Sales/Income from Operations |
34895.12 |
26481.28 |
68995.87 |
56457.66 |
126480.61 |
| |
Less : Excise duty / Sales tax |
4764.37 |
3538.68 |
9680.58 |
7674.57 |
16800.01 |
| |
(a) Net Sales/Income from Operations |
30130.75 |
22942.60 |
59315.29 |
48783.09 |
109680.60 |
| |
(b) Know How & Service Fees |
121.14 |
- |
243.91 |
- |
543.06 |
| 2 |
Other Income |
1144.49 |
244.54 |
1347.81 |
382.87 |
1438.64 |
| 3 |
Total Income(1+2) |
31396.38 |
23187.14 |
60907.01 |
49165.96 |
111662.30 |
| 4 |
Total Expenditure |
22024.28 |
19247.68 |
44199.21 |
40392.57 |
87621.09 |
| |
(a) Increase (-) / decrease (+) in
Stock |
-1153.55 |
-951.46 |
-1650.56 |
-1333.08 |
-614.62 |
| |
(b) Purchase of Traded Goods |
461.33 |
116.61 |
750.59 |
224.50 |
594.37 |
| |
(c) Consumption of raw materials |
7930.93 |
6953.56 |
16174.87 |
14536.34 |
32212.69 |
| |
(d) Consumption of Stores , Chemicals
& Spares |
1762.15 |
1289.57 |
3286.96 |
2981.37 |
6447.19 |
| |
(e) Power & Fuel |
4137.16 |
3767.99 |
8087.95 |
7458.30 |
15249.73 |
| |
(f) Employees Cost |
2006.42 |
1710.93 |
3877.96 |
3375.46 |
7414.08 |
| |
(g) Packing, Freight & Forwarding Charges (Net) |
3775.10 |
3481.47 |
7284.27 |
7098.32 |
14544.71 |
| |
(h) Deferred Revenue Expenditure written off |
136.96 |
152.28 |
264.69* |
299.04 |
734.17 |
| |
(I) Depreciation |
674.12 |
680.27 |
1315.58 |
1323.96 |
2622.17 |
| |
(j) Other Expenditure |
2293.66 |
2046.46 |
4806.90 |
4428.36 |
8416.60 |
| 5 |
Profit before interest,prior period item & tax (3 -4) |
9372.10 |
3939.46 |
16707.80 |
8773.39 |
24041.21 |
| 6 |
Interest |
458.19 |
870.34 |
1014.83 |
1790.58 |
3270.24 |
| 7 |
Prior Period Items- Energy Development Cess for earlier years |
- |
- |
- |
- |
1168.55 |
| 8 |
Profit before tax ( 5-6-7) |
8913.91 |
3069.12 |
15692.97 |
6982.81 |
19602.42 |
| 9 |
Tax Expenses |
|
|
|
|
|
| |
Current Tax |
3006.00 |
330.03 |
5431.00 |
770.00 |
2176.20 |
| |
MAT Credit Entitlement |
- |
(330.03) |
- |
(770.00) |
(2,349.40) |
| |
Deferred Tax |
65.06 |
1001.96 |
(63.78) |
2319.31 |
6603.14 |
| |
Fringe Benefit Tax |
25.00 |
24.50 |
47.50 |
49.51 |
105.00 |
| |
Excess provision for taxation written-back |
(13.80) |
- |
(13.80) |
- |
(0.77) |
| 10 |
Net Profit (8-9) |
5831.65 |
2042.66 |
10292.05 |
4613.99 |
13068.25 |
| 11 |
Paid-up Equity Share Capital (Face Value per share : Rs.10/-) |
1706.30 |
1483.75 |
1706.30 |
1483.75 |
1483.75 |
| 12 |
Reserves excluding Revalution Reserve |
- |
- 0 |
- |
- |
12849.1 |
| 13 |
Basic and Diluted earning per share
(EPS) (Rupees) |
|
|
|
|
|
| |
EPS before prior period item # |
34.77 |
12.65 |
63.10 |
28.70 |
86.97 |
| |
EPS after prior period item # |
34.77 |
12.65 |
63.10 |
28.70 |
82.00 |
| 14 |
Aggregate of Public Shareholding |
|
|
|
|
|
| |
- Number of shares |
12495324 |
10263876 |
12495324 |
10263876 |
10135113 |
| |
- Percentage of shareholding |
64.78 |
69.18 |
64.78 |
69.18 |
68.31 |
| |
*Includes compensation under voluntary retirement scheme Rs.212.32 lacs ( Rs.256.04 lacs ) |
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# After considering proportionate dividend on Cumulative Preference Shares in terms of Accounting Standard 20 |
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Notes:- |
| 1 |
Limited Review of the above quarterly results has been carried out by the statutory auditors of the Company. |
| 2 |
The abvoe 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 22nd October, 2007. |
| 3 |
The Board of Directors at the above meeting has declared an interim dividend of Rs.5/- and
Rs. 2.50/- (50%) per fully paid up equity shares of Rs.10/- each and partly paid up equity shares of Rs.5/- each respectively for the Financial year 2007-08. The Board also declared dividend on 12% Redeemable Cumulative Preference Shares for the period from 1.4.2007 to 30.09.2007. The "Record Date" for payment of the dividends will be Thursday, the 8th November,2007. |
| 4 |
Other income for the quarter and half year ended 30th September ,2007 includes Rs.867.26 lacs being the net realisable value of Certified Emission Reduction
(CER) units received at the Company's Cement plant.
|
| 5 |
There were no investor's complaints at the beginning and close of the quarter. The company had received twentynine complaints during the quarter which were resolved during the quarter.
|
| 6 |
During the current quarter, the paid up equity share capital of the company has increased from Rs.1483.75 lacs to Rs.1706.30 lacs pursuant to allotment of 44,51,187 equity shares of Rs.10/- each at a premium of Rs.350/- per share on right issue basis. Against the above, the paid up amount as on 30th September,2007 stands at Rs.5/- towards equity share and Rs.175/- towards share premium. Further, in terms of Accounting Standerd (AS-20) on "Earning Per Share" issued by the Institute of Chartered Accountants of India, Earning Per Share (EPS) for all the earlier reported periods, has been computed after considering the bonus element in the above right issue. |
| 7 |
The proceeds of the right issue amounting to Rs.8012.14 lacs have been utilised by the company towards issue related expenses Rs.171.61
lacs, expenses on expansion / captive power plant at Company's Cement unit Rs.840.53 lacs and the balance amount of Rs.7000.00 lacs is temporarily invested in short term liquid securities. |
| 8 |
Previous period figures have been regrouped / rearranged wherever necessary. |
| |
| |
Segment wise
Revenue, Results and Capital Employed under Clause 41 of the Listing
Agreement |
| Sl. No. |
Particulars |
Quarter Ended |
Half Year ended |
Year Ended |
| |
|
30.09.05
(Unaudited) |
30.09.06
(Unaudited) |
31.03.06
(Audited) |
| 1 |
Segment Revenue: |
| |
a) Paper & Board |
7867.13 |
4776.69 |
14074.52 |
11584.94 |
26258.37 |
| |
b) Cement |
17501.83 |
14088.86 |
34564.85 |
28249.22 |
59171.07 |
| |
c) Electric Fans |
4761.79 |
4077.05 |
10675.92 |
8948.93 |
24251.16 |
| |
d) Know-How & Service Fees |
121.14 |
- |
243.91 |
- |
543.06 |
| |
Total |
30251.89 |
22942.60 |
59559.20 |
48783.09 |
110223.66 |
| |
Less : Inter Segment Revenue |
- |
- |
- |
- |
- |
| |
Net Sales/Income from Operations |
30251.89 |
22942.60 |
59559.20 |
48783.09 |
110223.66 |
| |
| 2 |
Segment Results : Profit (+)/Loss(-) before interest, |
| |
Prior period items
& Tax from each segment): |
| |
a) Paper & Board - Amlai |
1556.72 |
(566.72) |
2133.40 |
588.01 |
2574.85 |
| |
- Brajrajnagar * |
(238.70) |
(284.90) |
(476.13) |
(563.93) |
(1277.95) |
| |
|
1318.02 |
(851.62) |
1657.27 |
24.08 |
1296.90 |
| |
b) Cement |
8157.36 |
4897.61 |
15519.56 |
9650.34 |
22623.00 |
| |
c) Electric Fans |
297.46 |
(74.00) |
507.51 |
(156.80) |
781.71 |
| |
d) Know-How & Service Fees |
65.66 |
(21.90) |
51.12 |
32.06 |
452.98 |
| |
Total |
9838.50 |
3950.09 |
17735.46 |
9549.68 |
25154.59 |
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Less: |
|
|
|
|
|
| |
(i) Interest |
458.19 |
870.34 |
1014.83 |
1790.58 |
3270.24 |
| |
(ii) Other
un-allocable expenditure |
| |
net of un-allocable income |
466.40 |
10.63 |
1027.66 |
776.29 |
1113.38 |
| |
Total Profit before prior period items & Tax |
8913.91 |
3069.12 |
15692.97 |
6982.81 |
20770.97 |
| |
Less : Prior Period Item - Energy Development cess for earlier years |
- |
- |
- |
- |
1168.55 |
| |
Total Profit before Tax |
8913.91 |
3069.12 |
15692.97 |
6982.81 |
19602.42 |
| 3 |
Capital Employed : |
| |
a) Paper & Board |
14867.14 |
13264.88 |
14867.14 |
13264.88 |
12058.77 |
| |
b) Cement |
29377.40 |
21540.38 |
29377.40 |
21540.38 |
23997.46 |
| |
c) Electric Fans |
5861.74 |
4946.91 |
5861.74 |
4946.91 |
6161.46 |
| |
d) Know-How & Service Fees |
2107.59 |
1606.01 |
2107.59 |
1606.01 |
2050.23 |
| |
e) Unallocated |
-17545.76 |
-31364.18 |
-17545.76 |
-31364.18 |
-28082.96 |
| |
Total |
34668.11 |
9994.00 |
34668.11 |
9994.00 |
16184.96 |
