attaching herewith outcome of board meeting
CONFIPET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Confidence Petroleum India Ltd reported strong revenue growth for FY 2025-26 with standalone revenue of Rs 4,52,967 lakhs (up 49.6% from Rs 3,02,739 lakhs) and consolidated revenue of Rs 4,70,457 lakhs (up 49.5% from Rs 3,14,576 lakhs). However, profit growth lagged significantly with standalone PAT at Rs 8,633 lakhs (up 11.5%) and consolidated PAT at Rs 9,653 lakhs (up 6.3%). The auditors issued a qualified opinion due to a Rs 1,288 lakh discrepancy in GST input tax credit between company books and the GST portal, where the impact remains unquantified. The board recommended a 10% final dividend (Rs 0.10 per share). The company clarified it is not a Large Corporate under SEBI norms. One joint auditor (L N J & Associates) resigned in December 2025 and was replaced.
Revenue surged nearly 50% driven by higher volumes, but profit margins compressed as PAT growth remained in single digits. The qualified audit opinion on GST reconciliation introduces uncertainty around reported figures, though the company believes it won't materially impact financials.