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, 2009
          (Rs. in Lacs)
Sl. No. Particulars Quarter Ended Nine Months Ended Year Ended
    31-12-2009
(UnAudited)		 31-12-2008
(UnAudited)		 31-12-2009
(UnAudited)		 31-12-2008
(UnAudited)		 31.03.2009 (Audited)
1 Gross Sales/Income from Operations 40502.91 41007.38 116392.18 118099.71 169063.36
  Less : Excise duty 3497.68 4817.88 9542.97 14478.08 18745.60
   (a) Net Sales/Income from Operations 37005.23 36189.50 106849.21 103621.63 150317.76
  (b)Other Operating Income 218.89 95.48 581.52 265.48 1636.03
  Total Income 37224.12 36284.98 107430.73 103887.11 151953.79
2 Expenditure 31907.02 27134.47 90273.77 78712.53 114652.28
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (-3068.72) (-1722.03) (-6525.52) (-3462.43) (201.66)
  (b) Purchases of Traded Goods 1317.00 1271.86 5524.09 3886.70 6037.22
  (c) Consumption of raw materials 11630.31 8750.86 33133.37 26418.51 36498.30
  (d) Consumption of Stores , Chemicals & Spares 1406.92 1766.45 3972.89 5342.56 7251.26
  (e) Power & Fuel 7993.93 6196.41 18637.57 15615.94 21461.25
  (f) Employees Cost 2593.62 2265.22 7758.77 6535.04 8686.15
  (g) Packing, Freight & Forwarding Charges 4451.43 4809.85 12809.57 14002.01 18830.97
  (h) Deferred Revenue Expenditure written off * 58.02 78.50 174.05 233.83 311.94
  (I) Depreciation 1634.18 881.01 3618.32 2458.08 3471.39
  (j) Other Expenditure 3890.33 2836.34 11170.66 7682.29 11902.14
3 Profit from Operations before Other Income, Interest, Exceptional Items & tax (1-2) 5317.10 9150.51 17156.96 25174.58 37301.51
4 Other Income 99.42 141.03 467.65 499.83 645.16
5 Profit before Interest, Exceptional Items & tax (3+4) 5416.52 9291.54 17624.61 25674.41 37946.67
6 Interest 1015.21 535.27 2347.54 1291.33 2067.92
7 Profit after Interest but before Exceptional Items & tax (5-6) 4401.31 8756.27 15277.07 24383.08 35878.75
8 Exceptional items - 1006.31 - 3018.93 4865.88
9 Profit from Ordinary Activities before tax (7-8) 4401.31 7749.96 15277.07 21364.15 31012.87
10 Tax Expenses          
  Current Tax (492.37) 2568.75 490.32 7958.75 10445.75
  MAT Credit Entitlement (Net) (1.24) 13.98 (1.24) 13.98 (75.98)
  Deferred Tax 1,880.79 (319.57) 4375.13 (1,282.19) 471.70
  Fringe Benefit Tax - 58.16 - 118.36 162.00 
11 Net Profit from Ordinary Activities after tax (9-10) 3014.13 5428.64 10412.86 14555.25 20009.40
12 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1928.53 1927.56 1928.53 1927.56 1927.67
13 Reserves excluding Revalution Reserve - - - - 62318.24
14 Basic and Diluted earning per share (EPS) (Rupees) 1.56 2.81 5.40 7.55 10.36
15 Aggregate of Public Shareholding          
  - Number of shares 127606093 121990815 127606093 121990815 121889205
  - Percentage of shareholding 66.16 63.25 66.16 63.25 63.19
16 Promoters and Promoter Group Share Holding          
a) Pledged / Encumbered          
  Number of shares Nil - Nil - Nil
  Percentage of shares (as % of the total shareholding of
promoter and promoter group)		 Nil - Nil - Nil
  Percentage of shares (as % of the total share capital of the company) Nil - Nil    
b)  Non- Encumbered          
  Number of shares 65278677 - 65278677 - 70995565
  Percentage of shares (as % of the total shareholding of 
promoter and promoter group)		 100% - 100% - 100%
  Percentage of shares (as % of the total share capital of the company) 33.84 - 33.84 - 36.81
 
* Represents compensation under voluntary retirement scheme.
Notes :-
1 Limited Review of the above quarterly / nine months results has been carried out by the statutory auditors of the company.
2 The new Cement mill at the Company's Cement unit at Jalgoan and a 25MW Captive Power Plant at the Company's Cement unit at Devapur, have been commissioned during the quarter.
3 There were no investor complaints at the begining and the close of the quarter. The company had received eight complaints during the quarter, which were resolved during the quarter.
4 There were no extraordinary items during the quarter / nine months ended 31st December, '2009.
5 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'2009 subject to necessary approvals. Pending approvals of the aforesaid amalgamation, the operational results pertaining to the said subsidiaries for the period from 1st April,2009 to 31st December,2009 have not been incorporated in the above results.
6 Provision against demand for Water Tax, which has been referred to by the auditors in their report on accounts for the year ended 31st March, 2009, and subsequent Limited Review Reports has been continued on the same basis since the demand is currently stayed and under reconsideration by the Government of Madhya Pradesh.
7 The above financial results for the nine months ended 31st December, 2009 include results relating to chemical unit , which had been transferred to the Company as per a scheme of arrangement with effect from 1st October, 2008, wheras the corresponding nine months in the previous year includes the results of the above unit for the quarter October to December 2008 only.
8 Previous period figures have been regrouped / rearranged wherever necessary.
9 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 14th January, 2010.
 
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
    31.12.09
(UnAudited)		 31.12.08
(UnAudited)		    31.12.09
(UnAudited)		 31.12.08
(UnAudited)		 31.03.09 (Audited)
1 Segment Revenue :          
  a) Cement 21276.53 22045.49 62072.98 63826.35 87174.67
  b) Paper & Board 7267.34 8513.07 16078.83 19898.23 29000.47
  c) Electrical consumer durables 8461.36 5630.94 28697.40 19897.05 34142.62
  d) Others - - - - -
  Total 37005.23 36189.50 106849.21 103621.63 150317.76
  Less : Inter Segment Revenue - - - - -
  Net Sales/Income from Operations 37005.23 36189.50 106849.21 103621.63 150317.76
             
2 Segment Results : Profit (+)/Loss(-) before interest, prior period items & Tax from each segment) :
   
  a) Cement 4959.81 8349.43 17833.82 24151.74 34261.60
  b) Paper & Board - Amlai 61.49 1016.19 (2,648.57) 1818.28 1115.56
  - Brajrajnagar * (174.74) (197.19) (526.08) (594.10) (755.40)
    (113.25) 819.00 (3,174.65) 1224.18 360.16
  c) Electrical Consumer Durables 663.92 246.18 3363.63 994.65 3388.54
  d) Others - - - - -
  Total 5510.48 9414.61 18022.80 26370.57 38010.30
  Less :          
  (i) Interest 1015.21 535.27 2347.54 1291.33 2067.92
  (ii) Other un-allocable expenditure net of un-allocable income 93.96 1129.38 398.19 3715.09 4929.51
  Profit Before Tax 4401.31 7749.96 15277.07 21364.15 31012.87
3 Capital Employed :          
  a) Cement 87093.83 70928.72 87093.83 70928.72 75939.61
  b) Paper & Board 29029.75 27338.65 29029.75 27338.65 27889.60
  c) Electrical Consumer durables 10938.30 9305.76 10938.30 9305.76 11300.03
  d) Others - 552.43 - 552.43 -
  Total 127061.88 108125.56 127061.88 108125.56 115129.24
  * Shown seperately since the unit is non - operational.
  
   
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