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ORIENT PAPER & INDUSTRIES LTD.
[Regd. Office
: Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
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Unaudited Financial Results for the Quarter /
Nine months ended 31st Dec, 2007
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(Rs. in Lacs) |
| Sl. No. |
Particulars |
Quarter Ended |
Nine Months Ended |
Year Ended |
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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 |
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Less : Excise duty / Sales tax |
5096.85 |
3861.09 |
14777.43 |
11535.66 |
16800.01 |
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(a) Net Sales/Income from Operations |
32066.73 |
26998.22 |
91382.02 |
75781.31 |
109680.60 |
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(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 |
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(a) Increase (-) / decrease (+) in Stock in trade and
work-in-progress |
(-912.52) |
(-796.40) |
(-2563.08) |
(-2129.48) |
(-614.62) |
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(b) Purchase of Traded Goods |
430.38 |
28.42 |
1180.97 |
252.92 |
594.37 |
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(c) Consumption of raw materials |
8697.52 |
8255.90 |
24872.39 |
22792.24 |
32212.69 |
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(d) Consumption of Stores , Chemicals & Spares |
1755.10 |
1658.97 |
5042.06 |
4640.34 |
6447.19 |
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(e) Power & Fuel |
4268.04 |
3725.64 |
12355.99 |
11183.94 |
15249.73 |
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(f) Employees Cost |
2043.21 |
2196.16 |
5921.17 |
5571.62 |
7414.08 |
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(g) Packing, Freight & Forwarding Charges (Net) |
3971.35 |
3700.89 |
11255.62 |
10799.21 |
14544.71 |
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(h) Deferred Revenue Expenditure written
off |
132.39 |
193.62 |
*397.08 |
492.66 |
734.17 |
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(I) Depreciation |
688.93 |
625.95 |
2004.51 |
1949.91 |
2622.17 |
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(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 |
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- |
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1168.55 |
| 8 |
Profit before tax ( 5-6-7) |
8180.93 |
5519.32 |
23873.90 |
12502.13 |
19602.42 |
| 9 |
Tax Expenses |
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Current Tax |
1,860.00 |
617.00 |
7291.00 |
1,387.00 |
2176.20 |
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Mat Credit Entitlement / Reversal |
40.41 |
(617.00) |
40.41 |
(1,387.00) |
(1,387.00) |
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Deferred Tax |
894.69 |
1834.83 |
830.91 |
4154.14 |
6603.14 |
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Fringe Benefit Tax |
41.00 |
29.35 |
88.50 |
78.86 |
105.00 |
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Excess provision for taxation written-back |
- |
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(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 |
- |
- |
- |
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12849.10 |
| 13 |
Basic and Diluted earning per share (EPS) (Rupees) |
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EPS before prior period item # |
30.91 |
22.99 |
93.98 |
51.69 |
86.97 |
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EPS after prior period item # |
30.91 |
22.99 |
93.98 |
51.69 |
82.00 |
| 14 |
Aggregate of Public Shareholding |
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- Number of shares |
12496894 |
10225351 |
12496894 |
10225351 |
10135113 |
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- Percentage of shareholding |
64.79 |
68.92 |
64.79 |
68.92 |
68.31 |
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| * 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 |
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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 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. |
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| Segment wise Revenue,
Results and Capital Employed under Clause 41 of the Listing Agreement |
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(Rs. in Lacs) |
| Sl. No. |
Particulars |
Quarter Ended |
Nine months ended |
Year Ended |
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31.12.07 |
31.12.06 |
31.12.07 |
31.12.06 |
31.03.07 (Audited) |
| 1 |
Segment
Revenue : |
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a) Paper & Board |
7333.62 |
7334.15 |
21408.14 |
18919.09 |
26258.37 |
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b) Cement |
19436.65 |
14253.16 |
54001.50 |
42502.38 |
59171.07 |
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c) Electric Fans |
5296.46 |
5410.91 |
15972.38 |
14359.84 |
24251.16 |
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d) Know-How & Service Fees |
18.59 |
410.99 |
262.50 |
410.99 |
543.06 |
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Total |
32085.32 |
27409.21 |
91644.52 |
76192.30 |
110223.66 |
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Less : Inter Segment Revenue |
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Net Sales/Income from Operations |
32085.32 |
27409.21 |
91644.52 |
76192.30 |
110223.66 |
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| 2 |
Segment Results : Profit (+)/Loss(-) before interest, prior period items & Tax from each segment) : |
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a) Paper & Board - Amlai |
1114.15 |
947.92 |
3247.55 |
1535.93 |
2574.85 |
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- Brajrajnagar * |
(239.13) |
(363.53) |
(715.26) |
(927.46) |
(1277.95) |
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875.02 |
584.39 |
2532.29 |
608.47 |
1296.90 |
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b) Cement |
7919.48 |
5145.46 |
23439.04 |
14795.80 |
22623.00 |
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c) Electric Fans |
321.44 |
180.01 |
828.95 |
23.21 |
781.71 |
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d) Know-How & Service Fees |
(1.11) |
333.35 |
50.01 |
365.41 |
452.98 |
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Total |
9114.83 |
6243.21 |
26850.29 |
15792.89 |
25154.59 |
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Less : |
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(i) Interest |
424.44 |
567.12 |
1439.27 |
2357.70 |
3270.24 |
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(ii) Other un-allocable expenditure |
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Net of un-allocable income |
509.46 |
156.77 |
1537.12 |
933.06 |
1113.38 |
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Total Profit before prior period items & Tax |
8180.93 |
5519.32 |
23873.90 |
12502.13 |
20770.97 |
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Less : Prior Period Items - Energy Development cess for earlier years |
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1168.55 |
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Total Profit before Tax |
8180.93 |
5519.32 |
23873.90 |
12502.13 |
19602.42 |
| 3 |
Capital Employed : |
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a) Paper & Board |
14056.91 |
13230.19 |
14056.91 |
13230.19 |
12058.77 |
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b) Cement |
34324.01 |
22013.34 |
34324.01 |
22013.34 |
23997.46 |
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c) Electric Fans |
6888.05 |
5743.98 |
6888.05 |
5743.98 |
6161.46 |
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d) Know-How & Service Fees |
2109.79 |
1947.65 |
2109.79 |
1947.65 |
2050.23 |
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Total |
57378.76 |
42935.16 |
57378.76 |
42935.16 |
44267.92 |
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* Shown seperately since the unit is non - operational. |
