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, 2008 |
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|
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(Rs. in Lacs) |
Sl.
No. |
Particulars |
Quarter Ended |
Half Year Ended |
Year Ended |
| |
|
30.09.08
(Unaudited) |
30.09.07
(Unaudited) |
30.09.08
(Unaudited) |
30.09.07
(Unaudited) |
31.03.08
(Audited) |
| 1 |
Gross Sales/Income from Operations |
40129.59 |
35016.26 |
77092.33 |
69239.78 |
150006.01 |
| |
Less : Excise duty |
4873.53 |
4764.37 |
9660.20 |
9680.58 |
20428.23 |
| |
(a) Net Sales/Income from Operations |
35256.06 |
30251.89 |
67432.13 |
59559.20 |
129577.78 |
| |
(b) Other Operating Income |
102.16 |
983.87 |
170.00 |
1131.12 |
1326.12 |
| |
Total Income |
35358.22 |
31235.76 |
67602.13 |
60690.32 |
130903.90 |
| 2 |
Expenditure |
28286.53 |
22024.28 |
53590.68 |
44199.21 |
98222.66 |
| |
(a) Increase (-) / decrease (+) in
Stock |
-639.41 |
-1153.55 |
-1740.40 |
-1650.56 |
63.56 |
| |
(b) Purchases of Trading Goods |
1305.19 |
461.33 |
2614.84 |
750.59 |
2375.05 |
| |
(c) Consumption of raw materials |
8776.86 |
7930.93 |
17667.65 |
16174.87 |
34325.74 |
| |
(d) Consumption of Stores , Chemicals & Spares |
2367.47 |
1762.15 |
3595.51 |
3286.96 |
6642.73 |
| |
(e) Power & Fuel |
4886.80 |
4137.16 |
9419.53 |
8087.95 |
17104.60 |
| |
(f) Employees Cost |
2196.56 |
2006.42 |
4269.82 |
3877.96 |
7533.55 |
| |
(g) Packing, Freight & Forwarding Charges (Net) |
4758.92 |
3775.10 |
9192.16 |
7284.27 |
15541.91 |
| |
(h) Deferred Revenue Expenditure written off |
77.74 |
136.96 |
155.33 * |
264.69 |
729.53 |
| |
(I) Depreciation |
804.45 |
674.12 |
1577.07 |
1315.58 |
2707.36 |
| |
(j) Other Expenditure |
3751.95 |
2293.66 |
6839.17 |
4806.90 |
11198.63 |
| 3 |
Profit from Operations before Other Income, Interest & tax ( 1-2) |
7071.69 |
9211.48 |
14011.45 |
16491.11 |
32681.24 |
| 4 |
Other Income |
246.09 |
160.62 |
358.80 |
216.69 |
421.02 |
| 5 |
Profit before Interest & tax ( 3 + 4) |
7317.78 |
9372.10 |
14370.25 |
16707.80 |
33102.26 |
| 6 |
Interest |
368.66 |
458.19 |
756.06 |
1014.83 |
1751.87 |
| 7 |
Profit before tax ( 5-6) |
6949.12 |
8913.91 |
13614.19 |
15692.97 |
31350.39 |
| 8 |
Tax Expenses |
|
|
|
|
|
| |
Current Tax |
2677.00 ** |
3006.00 |
5390.00 |
5431.00 |
10120.90 |
| |
MAT Credit Entitlement (Net) |
- |
- |
- |
- |
(121.68) |
| |
Deferred Tax |
(275.87) |
65.06 |
(962.62) |
(63.78) |
778.15 |
| |
Fringe Benefit Tax |
32.15 |
25.00 |
60.20 |
47.50 |
125.00 |
| |
Excess provision for taxation written-back |
- |
(13.80) |
- |
(13.80) |
(0.12) |
| 9 |
Net Profit after tax (7-8) |
4515.84 |
5831.65 |
9126.61 |
10292.05 |
20448.14 |
| 10 |
Paid-up Equity Share Capital (Face Value per share : Re.1/-) |
1927.56 |
1706.30 |
1927.56 |
1706.30 |
1927.15 |
| 11 |
Reserves excluding Revaluation Reserve |
- |
- |
- |
- |
45775.74 |
| 12 |
Basic and Diluted earning per share (EPS) (Rupees) |
2.33 |
3.48 |
4.71 |
6.31 |
11.90 |
| 13 |
Aggregate of Public Shareholding |
|
|
|
|
|
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- Number of shares |
122631723 |
12495324 |
122631723 |
12495324 |
124974930 |
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- Percentage of shareholding |
63.58 |
64.78 |
63.58 |
64.78 |
64.79 |
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* Includes Rs.77.74 lacs (Rs.110.78 lacs) and Rs.155.33 lacs ( Rs.212.32 lacs ) for the quarter and six months respectively towards compensation under voluntary retirement scheme. |
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** Includes Rs.146 lacs for earlier years. |
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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 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 22nd October, 2008. |
| 3 |
There were no exceptional / extraordinary items during the quarter ended 30th September '2008. |
| 4(a) |
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 September, 2008 have not been incorporated in the above results.
|
| 4(b) |
The Board of Directors of the Company has decided for transfer of Chemical Division of GMMCO Ltd to the company under a scheme of arrangement w.e.f. 1st October, 2008, subject to necessary approvals.
|
| 5 |
While Other Operating Income for the quarter / six months ended 30th September, 2007 included Rs. 867.26 lacs towards value of Certified Emission Reduction (CER) units received at company's cement unit, the CER for the current year will be accounted for when received. |
| 6 |
There were no investor's complaints at the beginning and close of the quarter. The company had received twelve complaints during the quarter which were resolved during the quarter. |
| 7 |
Previous period figures have been regrouped / rearranged wherever necessary. |
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Segment wise
Revenue, Results and Capital Employed under Clause 41 of the Listing
Agreement |
| Sl. No. |
Particulars |
Quarter Ended |
Half Year ended |
Year Ended |
| |
|
30.09.08
(Unaudited) |
30.09.07
(Unaudited) |
31.03.08
(Audited) |
| 1 |
Segment Revenue: |
| |
a) Cement |
20622.19 |
17501.83 |
41780.86 |
34564.85 |
73319.50 |
| |
b) Paper & Board |
7968.36 |
7867.13 |
11385.16 |
14074.52 |
27420.51 |
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c) Electrical Consumer Durables |
6665.51 |
4761.79 |
14266.11 |
10675.92 |
28505.69 |
| |
d) Others |
- |
121.14 |
- |
243.91 |
332.08 |
| |
Total |
35256.06 |
30251.89 |
67432.13 |
59559.20 |
129577.78 |
| |
Less : Inter Segment Revenue |
- |
- |
- |
- |
- |
| |
Net Sales/Income from Operations |
35256.06 |
30251.89 |
67432.13 |
59559.20 |
129577.78 |
| |
| |
Segment Results : (Profit (+)/Loss(-) before interest
& Tax from each segment) |
7391.27 |
8157.36 |
15802.31 |
15519.56 |
31197.68 |
| |
a) Cement |
1198.66 |
1556.72 |
802.09 |
2133.40 |
3598.20 |
| |
b) Paper & Board - Amlai |
1198.66 |
1556.72 |
802.09 |
2133.40 |
3598.20 |
| |
- Brajrajnagar * |
(198.52) |
(238.70) |
(396.91) |
(476.13) |
(924.63) |
| |
c) Electrical Consumer Durables |
291.80 |
297.46 |
748.47 |
507.51 |
2186.10 |
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d) Others |
- |
65.66 |
- |
51.12 |
144.17 |
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Total |
8683.21 |
9838.50 |
16955.96 |
17735.46 |
36201.52 |
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Less: |
|
|
|
|
|
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(i) Interest |
368.66 |
458.19 |
756.06 |
1014.83 |
1751.87 |
| |
(ii) Other un-allocable expenditure
net of un-allocable income |
1365.43 |
466.40 |
2585.71 |
1027.66 |
3099.26 |
| |
Total Profit before Tax |
6949.12 |
8913.91 |
13614.19 |
15692.97 |
31350.39 |
| 3 |
Capital Employed : |
| |
a) Cement |
57087.58 |
29377.40 |
57087.58 |
29377.40 |
38825.17 |
| |
b) Paper & Board |
24694.68 |
14867.14 |
24694.68 |
14867.14 |
15358.77 |
| |
c) Electrical Consumer Durables |
7913.51 |
5861.74 |
7913.51 |
5861.74 |
8560.30 |
| |
d) Others |
1104.86 |
2107.59 |
1104.86 |
2107.59 |
2209.72 |
| |
Total |
90800.63 |
52213.87 |
90800.63 |
52213.87 |
64953.96 |
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* Shown separately since the unit is non - operational. |
