Orient Paper & Industries Limited   
  
                                           
 

NEWS
 
Key Financial Highlights (2009-10)
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ORIENT PAPER &INDUSTRIES LTD.
[Regd. Office : Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Orissa)]
Unaudited Financial Results for the Quarter / Nine Months ended 31st December,2011
(Rs. In lacs)
Sl. Particulars Quarter Ended Nine Months Ended Year Ended
No. 31-12-2011 30.09.2011 31-12-2010 31-12-2011 31-12-2010 31.03.2011
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
1 Gross Sales/Income from Operations 63872.58 56260.95 48429.81 179514.42 140339.48 217500.75
  Less : Excise duty 6302.98 5604.88 4588.43 17894.81 14047.43 21603.21
  (a) Net Sales/Income from Operations 57569.60 50656.07 43841.38 161619.61 126292.05 195897.54
  (b)Other Operating Income 273.67 604.02 221.62 2180.63 1662.06 3038.56
  Total Income 57843.27 51260.09 44063.00 163800.24 127954.11 198936.10
2 Expenditure 50848.04 47269.70 38506.35 143298.86 115823.95 174534.96
  (a) Increase (-) / decrease (+) in Stock in trade and work-in-progress (4081.48) (282.64) (3962.29) (8362.04) (5090.60) 397.43
  (b) Purchases of Traded Goods 2233.42 1927.98 1496.42 7007.51 5363.44 9068.61
  (c) Consumption of raw materials 18958.20 14651.78 14868.66 51262.97 40444.14 60923.89
  (d) Consumption of Stores , Chemicals & Spares 2032.98 1976.71 1822.91 5396.73 4236.07 6094.52
  (e) Power & Fuel 11584.33 9314.15 8162.81 29398.42 24543.41 32993.39
  (f) Employees Cost 3715.10 3577.02 3024.52 10808.34 8691.26 11914.09
  (g) Packing, Freight & Forwarding Charges 8086.81 6957.16 5983.00 22329.02 17405.30 25683.63
  (h) Depreciation 2202.24 2175.99 2077.42 6510.05 5997.96 8148.20
  (i) Other Expenditure 6116.44 6971.55 5032.90 18947.86 14232.97 19311.20
3 Profit from Operations before Other Income, Interest & tax (1-2) 6995.23 3990.39 5556.65 20501.38 12130.16 24401.14
4 Other Income 146.68 338.34 135.52 635.81 549.71 727.59
5 Profit before Interest & tax (3+4) 7141.91 4328.73 5692.17 21137.19 12679.87 25128.73
6 Interest 916.84 906.96 1072.88 2753.25 2839.75 4177.61
7 Profit from Ordinary Activities before tax (5-6) 6225.07 3421.77 4619.29 18383.94 9840.12 20951.12
8 Tax Expenses            
  Current Tax 1761.00 854.21 922.00 5264.21 1966.11 4239.97
  MAT Credit (Entitlement) / Reversal -            25.59 9.00 25.59        (405.00) (107.00)
  Deferred Tax 224.45 135.66 598.07 510.55 1715.81 2507.70
               

9 Net Profit from Ordinary Activities after tax (7-8) 4239.62 2406.31 3090.22 12583.59 6563.20 14310.45
10 Paid-up Equity Share Capital (Face Value per share : Re.1/-) 1928.79 1928.77 1928.76 1928.79 1928.76 1928.77
11 Reserves excluding Revalution Reserve           85670.60
12 Earning per share (EPS) (Face value of Re.1/- each)            
  Basic 2.20 1.25 1.60 6.52 3.40 7.42
  Diluted 2.16 1.23 1.60 6.42 3.40 7.41
13 Aggregate of Public Shareholding        
  - Number of shares 128054848 128054848 128054848 128054848 128054848 128054848
  - Percentage of shareholding 66.39% 66.39% 66.39% 66.39% 66.39% 66.39%
14 Promoters and Promoter Group Share Holding            
a) Pledged / Encumbered            
  Number of shares Nil Nil Nil Nil Nil Nil
  Percentage of shares (as % of the total shareholding of promoter and promoter group) Nil Nil Nil Nil Nil Nil
  Percentage of shares (as % of the total share capital of the company) Nil Nil Nil Nil Nil Nil
               
b) Non- Encumbered            
  Number of shares 64829922 64829922 64829922 64829922 64829922 64829922
  Percentage of shares (as % of the total shareholding of promoter and promoter group) 100% 100% 100% 100% 100% 100%
               
  Percentage of shares (as % of the total share capital of the company) 33.61% 33.61% 33.61% 33.61% 33.61% 33.61%
               

Notes :-
1 Limited Review of the above quarterly results has been carried out by the statutory auditors of the company.
2 The Board ofDirectors at its meeting held today has declared an interim dividend of Rs.1/- (100%) per equity shares of Rs.1/- eachfor the Financial year 2011-12.
3 There were no exceptional and extraordinary items during the quarter / nine months ended 31st December, 2011.
4 Provision against demand for Water Tax, which had been referred to by the auditors in their report on accounts for the year ended 31st March, 2011 and subsequent Limited Review Reports for the quarter ended 30th June 2011 and 30th September,2011, has been paid / provided to the extent of liablity admitted by the Companyfor the period upto April,2009 i.e. the period prior to new agreement effective from May,2009 entered into with the Water Resources Department. No provision against the balance demand of Rs. 20565.04 lacs has been made since the Company's application for waiver thereof is under consideration by the government of Madhya Pradesh.
5 The Board of Directors of the Company had decided to demerge the Cement undertaking of the Company by transferring the same on a going concern basis to a newly formed wholly owned subsidiary namely Orient Cement Limited through a scheme of arrangement w.e.f. 1st April, 2012, which is subject to approval of the court .
6 Previous period figures have been regrouped / rearranged wherever necessary.
7 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 30th January, 2012.
8 There were no investor complaints at the begining and the close of the quarter. The company had received three complaints during the quarter, whichwere resolved during the quarter. 

Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement

 
(Rs. In lacs)
Sl. Particulars Quarter Ended Nine Months Ended Year Ended
No. 31-12-2011 30.09.2011 31-12-2010 31-12-2011 31-12-2010 31.03.2011
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
1 Segment Revenue :            
  a) Cement 34505.61 29262.84 22861.38 95436.62 69900.15 103324.13
  b) Paper & Board 9413.29 7664.25 8908.31 22153.78 17964.19 27736.48
  c) Electrical Consumer Durables 13443.38 13524.09 11893.66 43452.74 38006.21 64226.21
  d) Others            207.32 204.89         178.03        576.47        421.50       610.72
  Total 57569.60 50656.07 43841.38 161619.61 126292.05 195897.54
  Less : Inter Segment Revenue - - - - - -
  Net Sales/Income from Operations 57569.60 50656.07 43841.38 161619.61 126292.05 195897.54
             
2 Segment Results : (Profit (+)/Loss(-) before            
  interest & Tax from each segment):            
  a) Cement 8387.69 5621.47 4664.57 24927.45 12952.01 23310.68
  b) Paper & Board - Amlai (1401.38) (1445.21) 360.74 (5,014.79) (2036.80) (2849.64)
  - Brajrajnagar * (124.93) (47.54) (116.60) (292.44)  (355.99) (480.23)
  (1526.31) (1492.75) 244.14 (5,307.23) (2392.79) (3329.87)
  c) Electrical Consumer Durables 426.75 252.67 1003.46 1886.42 2638.62 5731.15
  d) Others 13.53 13.61 23.44 37.47 50.89 70.79
  Total 7301.66 4395.00 5935.61 21544.11 13248.73 25782.75
  Less :            
  (i)Interest 916.84 906.96 1072.88 2753.25 2839.75 4177.61
  (ii) Other un-allocable expenditure            
  net of un-allocable income 159.75 66.27 243.44 406.92 568.86 654.02
  Profit Before Tax 6225.07 3421.77 4619.29 18383.94 9840.12 20951.12
3 Capital Employed :            
  a) Cement 103009.46 100347.52 94925.21 103009.46 94925.21 93600.01
  b) Paper & Board 38147.88 35009.40 32788.45 38147.88 32788.45 32733.64
  c) Electrical Consumer Durables 19965.77 18573.90 15730.61 19965.77 15730.61 20493.06
  d) Others 135.33 122.21 106.63 135.33 106.63 98.99
  Total 161258.44 154053.03 143550.90 161258.44 143550.90 146925.70
  * Shown seperately since the unit is non - operational.  
  By Order of the Board
NEW DELHI
January 30th, 2012		 for ORIENT PAPER & INDUSTRIES LTD.
  M.L.PACHISIA
(Managing Director)
 
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