Orient Paper & Industries Limited   
  
 
 
    
   
 
    

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

Unaudited Financial Results for the Quarter / Nine months ended 31st Dec, 2007
          (Rs. in Lacs)
Sl. No. Particulars Quarter Ended Nine Months Ended Year Ended
    31.12.07 31.12.06 31.12.07 31.12.06 31.03.07 (Audited)
1 Gross Sales/Income from Operations 37163.58 30859.31 106159.45 87316.97 126480.61
  Less : Excise duty / Sales tax 5096.85 3861.09 14777.43 11535.66 16800.01
  (a) Net Sales/Income from Operations 32066.73 26998.22 91382.02 75781.31 109680.60
  (b) Know How & Service Fees 18.59 410.99 262.50 410.99 543.06
2 Other Income 145.52 154.60 1493.33 537.47 1438.64
3 Total Income (1+2) 32230.84 27563.81 93137.85 76729.77 111662.30
4 Total Expenditure 23625.47 21477.37 67824.68 61869.94 87621.09
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (-912.52) (-796.40) (-2563.08) (-2129.48) (-614.62)
  (b) Purchase of Traded Goods 430.38 28.42 1180.97 252.92 594.37
  (c) Consumption of raw materials 8697.52 8255.90 24872.39 22792.24 32212.69
  (d) Consumption of Stores , Chemicals & Spares 1755.10 1658.97 5042.06 4640.34 6447.19
  (e) Power & Fuel 4268.04 3725.64 12355.99 11183.94 15249.73
  (f) Employees Cost 2043.21 2196.16 5921.17 5571.62 7414.08
  (g) Packing, Freight & Forwarding Charges (Net) 3971.35 3700.89 11255.62 10799.21 14544.71
  (h) Deferred Revenue Expenditure written off 132.39 193.62 *397.08 492.66 734.17
  (I) Depreciation 688.93 625.95 2004.51 1949.91 2622.17
  (j) Other Expenditure 2551.07 1888.22 7357.97 6316.58 8416.60
5 Profit before interest,prior period items & tax (3 -4) 8605.37 6086.44 25313.17 14859.83 24041.21
6 Interest 424.44 567.12 1439.27 2357.70 3270.24
7 Prior Period Items- Energy Development Cess for earlier years - - - - 1168.55
8 Profit before tax ( 5-6-7) 8180.93 5519.32 23873.90 12502.13 19602.42
9 Tax Expenses          
  Current Tax 1,860.00 617.00 7291.00 1,387.00 2176.20
  Mat Credit Entitlement / Reversal 40.41 (617.00) 40.41 (1,387.00) (1,387.00)
  Deferred Tax 894.69 1834.83 830.91 4154.14 6603.14
  Fringe Benefit Tax 41.00 29.35 88.50 78.86 105.00
  Excess provision for taxation written-back - - (13.80) - (0.77)
10 Net Profit (8-9) 5344.83 3655.14 15636.88 8269.13 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 - - - - 12849.10
13 Basic and Diluted earning per share (EPS) (Rupees)          
  EPS before prior period item # 30.91 22.99 93.98 51.69 86.97
  EPS after prior period item # 30.91 22.99 93.98 51.69 82.00
14 Aggregate of Public Shareholding          
  - Number of shares 12496894 10225351 12496894 10225351 10135113
  - Percentage of shareholding 64.79 68.92 64.79 68.92 68.31
 
* Includes compensation under voluntary retirement scheme Rs.318.52 lacs (Rs.428.17 lacs)
** Please refer Note No.4 below.
# After considering proportionate dividend on Cumulative Preference Shares in terms of Accounting Standard 20
 
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 15th January, 2008.
3 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.
4 As per the terms of the Rights offer made in the month of June 2007, the Company has sent the final call money notice to shareholders holding partly paid up shares for payment of final call money @Rs.180 per share (Including premium of Rs.175 per share) which aggregates to Rs.8012.14 lacs (including Share Premium Rs.7789.58 lacs). The Company has received Rs.89.31 lacs against the above call till 31st December, 2007 which is lying in the Call money Account opened with the bank for this purpose .
5 Previous period figures have been regrouped / rearranged wherever necessary.
 
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
 
  (Rs. in Lacs)
Sl. No. Particulars Quarter Ended Nine months ended Year Ended
    31.12.07 31.12.06    31.12.07 31.12.06 31.03.07 (Audited)
1 Segment Revenue :          
  a) Paper & Board 7333.62 7334.15 21408.14 18919.09 26258.37
  b) Cement 19436.65 14253.16 54001.50 42502.38 59171.07
  c) Electric Fans 5296.46 5410.91 15972.38 14359.84 24251.16
  d) Know-How & Service Fees 18.59 410.99 262.50 410.99 543.06
  Total 32085.32 27409.21 91644.52 76192.30 110223.66
  Less : Inter Segment Revenue - - - - -
  Net Sales/Income from Operations 32085.32 27409.21 91644.52 76192.30 110223.66
             
2 Segment Results : Profit (+)/Loss(-) before interest, prior period items & Tax from each segment) :
   
  a) Paper & Board - Amlai 1114.15 947.92 3247.55 1535.93 2574.85
  - Brajrajnagar * (239.13) (363.53) (715.26) (927.46) (1277.95)
    875.02 584.39 2532.29 608.47 1296.90
  b) Cement 7919.48 5145.46 23439.04 14795.80 22623.00
  c) Electric Fans 321.44 180.01 828.95 23.21 781.71
  d) Know-How & Service Fees (1.11) 333.35 50.01 365.41 452.98
  Total 9114.83 6243.21 26850.29 15792.89 25154.59
  Less :          
  (i) Interest 424.44 567.12 1439.27 2357.70 3270.24
  (ii) Other un-allocable expenditure          
  Net of un-allocable income 509.46 156.77 1537.12 933.06 1113.38
  Total Profit before prior period items & Tax 8180.93 5519.32 23873.90 12502.13 20770.97
  Less : Prior Period Items - Energy Development cess for earlier years - - - - 1168.55
  Total Profit before Tax 8180.93 5519.32 23873.90 12502.13 19602.42
3 Capital Employed :          
  a) Paper & Board 14056.91 13230.19 14056.91 13230.19 12058.77
  b) Cement 34324.01 22013.34 34324.01 22013.34 23997.46
  c) Electric Fans 6888.05 5743.98 6888.05 5743.98 6161.46
  d) Know-How & Service Fees 2109.79 1947.65 2109.79 1947.65 2050.23
  Total 57378.76 42935.16 57378.76 42935.16 44267.92
  * Shown seperately since the unit is non - operational.
  
   
Copyright © 2007-2008 ORIENT PAPER & INDUSTRIES LTD.