attaching herewith Financial Result March 31, 2026
CONFIPET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Confidence Petroleum India reported consolidated revenue of Rs 4,70,457 Lacs for FY2025-26, up 49.5% from Rs 3,14,576 Lacs in prior year. Profit after tax grew 6.3% to Rs 9,653 Lacs from Rs 9,084 Lacs. The company declared a final dividend of 10% (Rs 0.10 per share) subject to shareholder approval. The statutory auditors issued a modified (qualified) opinion due to a Rs 1,288 Lacs difference between GST input tax credit in the company's books versus the GSTN portal, which remains unreconciled. One joint auditor (L N J & Associates) resigned in December 2025 and was replaced by Kataria & Munot. The Income Tax department conducted a search in October 2025 at employee premises with no communication received yet. The company restructured to single segment reporting and incorporated a new subsidiary, Confidence Green Energy Private Limited.
The qualified auditor opinion due to the GST reconciliation issue raises a red flag and may concern investors. While revenue grew strongly by ~50%, profit growth of ~6% lagged significantly, indicating margin compression. The unresolved GST discrepancy and ongoing IT search add uncertainty.