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, 2008
          (Rs. in Lacs)
Sl. No. Particulars Quarter Ended Nine Months Ended Year Ended
    31.12.08
(UnAudited)		 31.12.07
(UnAudited)		 31.12.08
(UnAudited)		 31.12.07
(UnAudited)		 31.03.08 (Audited)
1 Gross Sales/Income from Operations 39235.95 37182.17 115328.28 106421.95 150006.01
  Less : Excise duty / Sales tax 4649.44 5096.85 14309.64 14777.43 20428.23
   Net Sales/Income from Operations 34586.51 32085.32 102018.64 91644.52 129577.78
  (b) Other Operating Income 90.76 39.81 260.76 1170.93 1326.12
  Total Income 34677.27 32125.13 102279.40 92815.45 130903.90
2  Expenditure 26860.27 23625.47 80450.95 67824.68 98222.66
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (-1821.80) (-901.42) (-3562.20) (-2603.19) (63.56)
  (b) Purchase of Trading Goods 1271.86 430.38 3886.70 1180.97 2375.05
  (c) Consumption of raw materials 8461.99 8686.42 26129.64 24912.50 34325.74
  (d) Consumption of Stores , Chemicals & Spares 2146.64 1747.66 5722.75 5015.61 6605.64
  (e) Power & Fuel 5276.91 4258.04 14695.44 12355.99 17104.60
  (f) Employees Cost 2080.20 2043.21 6350.02 5921.17 7533.55
  (g) Packing, Freight & Forwarding Charges (Net) 4806.97 3971.35 13999.13 11255.62 15541.91
  (h) Deferred Revenue Expenditure written off 78.50* 132.39 233.83* 397.08 729.53
  (I) Depreciation 849.25 688.93 2425.32 2004.51 2707.36
  (j) Other Expenditure 3709.75 2558.51 10568.32 7384.42 11235.72
3 Profit from operation before income. Interest & tax (1-2) 7817.00 8499.66 21828.45 24990.77 32681.24
4 Other Income 141.03 105.71 499.83 322.40 421.02
5 Profit before Interest & tax (3+4) 7958.03 8605.37 22328.28 25313.17 33102.26
6 Interest 514.18 424.44 1270.24 1439.27 1751.87
7 Profit before Tax(5-6) 7443.85 8180.93 21058.04 23873.90 31350.39
8 Tax Expenses          
  Current Tax 2677.00 1850.00 8067.00 7291.00 10120.90
  Mat Credit Entitlement (Net) 13.98 40.41 13.98 40.41 (121.68)
  Deferred Tax (319.57) 894.69 (1,282.19) 830.91 778.15
  Fringe Benefit Tax 58.16 41.00 118.36 88.50 125.00
  Excess provision for taxation written-back (108.25) - (108.25) (13.80) (0.12)
9 Net Profit  After Tax (7-8) 5122.53 5344.83 14249.14 15636.88 20448.14
10 Paid-up Equity Share Capital (Face Value per share : Rs.1/-) 1927.56 1706.30 1927.56 1706.30 1927.15
11 Reserves excluding Revalution Reserve - - - - 45775.74
12 Basic and Diluted earning per share (EPS) (Rupees) 2.66 3.09 7.37 9.40 11.90
13 Aggregate of Public Shareholding          
  - Number of shares 121990815 12496894 121990815 12496894 124974930
  - Percentage of shareholding 63.25 54.79 63.25 64.79 64.79
 
* Includes Rs.78.50 lacs (Rs.106.20 lacs) and Rs.233.83 lacs (Rs. 318.52 lacs) for the quarter and nine months respectively towards compensation under voluntary retirement scheme.
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 27th January, 2009.
3 There were no exceptional/ extraordinary items during the quarter/ nine months ended 31st December 2008.
4
a The Board of directors of Company has decided to amalgamate its wholly owned Subsidiaries , namely Air Conditioning Corporation  Ltd and OPI Export Ltd. with the company with the effect from 1st April 2008 subject to necessary approvals. Pending approvals of the aforesaid amalgamation, the operational result pertaining to the said subsidiaries for the period from 1st April 2008 to 31st December 2008 have not been incorporated in the above result.
 
b The Share holders of the Company at the Court convened general meeting held on 22nd January 2009 has approved the scheme of arrangement for transfer of Chemical Division of GMMCO Ltd. to the Company with the effect from 1st October 2008. Pending necessary compliances and approval of the said Scheme by Hon'ble High Court, the operational  result pertaining to the said subdivisions for the period from 1st October 2008 to 31st December 2008 have not been incorporated in the above result.
5 They were no investor's complaints at the beginning and close of the quarter. The Company has received two complaints during the quarter which were resolved during the quarter.
6 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
    31.12.08
(UnAudited)		 31.12.07
(UnAudited)		    31.12.08
(UnAudited)		 31.12.07
(UnAudited)		 31.03.08 (Audited)
1 Segment Revenue :          
  a) Cement 22045.49 19436.65 63826.35 54001.50 73319.50
  b) Paper & Board 6910.08 7333.62 18295.24 21408.14 27420.51
  c) Electrical consumer durables 5630.94 5296.46 19697.05 15972.38 28505.69
  d) Others - 18.59 - 262.50 332.08
  Total 34586.51 32085.32 102018.64 91644.52 129577.78
  Less : Inter Segment Revenue - - - - -
  Net Sales/Income from Operations 34586.51 32085.32 102018.64 91644.52 129577.78
             
2 Segment Results : Profit (+)/Loss(-) before interest, prior period items & Tax from each segment) :
   
  a) Cement 8349.43 7919.48 24151.74 23439.04 31197.68
  b) Paper & Board - Amlai 688.99 1114.15 1491.08 3247.55 3598.20
  - Brajrajnagar * (197.19) (239.13) (594.10) (715.26) (924.63)
    491.80 875.02 896.98 2532.29 2673.57
  c) Electrical Consumer durables 246.18 321.44 994.65 828.95 2186.10
  d) Others - (1.11) - 50.01 144.17
  Total 9087.41 9114.83 26043.37 26850.29 36201.52
  Less :          
  (i) Interest 514.18 424.44 1270.24 1439.27 1751.87
  (ii) Other un-allocable expenditure          
  Net of un-allocable income 1129.38 509.46 3715.09 1537.12 3099.26
  Total Profit before Tax 7443.95 8180.93 21058.04 23873.90 31350.39
3 Capital Employed :          
  a) Cement 70928.72 34324.01 70928.72 34324.01 38825.17
  b) Paper & Board 25853.07 14056.91 25853.07 14056.91 15358.77
  c) Electrical Consumer durables 9305.76 6888.05 9305.76 6888.05 8560.30
  d) Others 552.43 2109.79 552.43 2109.79 2209.72
  Total 106639.98 57378.76 106639.98 57378.76 64953.96
  * Shown seperately since the unit is non - operational.
  
   
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