Confidence Petroleum India Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2025, recommended Final Dividend of 10 per equity share.
CONFIPET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Confidence Petroleum India Limited, at its meeting held on May 29, 2025, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Consolidated revenue from operations grew about 16.6% to Rs. 3,14,576 lakhs in FY25, up from Rs. 2,69,847 lakhs in FY24. However, consolidated profit after tax declined roughly 13.7% to Rs. 9,084 lakhs (from Rs. 10,528 lakhs), and basic EPS fell to Rs. 2.62 from Rs. 3.50. The Board recommended a final dividend of 10%, which works out to Rs. 0.10 per equity share on the Rs. 1 face value, subject to shareholder approval. The statutory auditors issued a qualified/modified opinion, flagging differences in GST input tax credit between company books and the GST portal, and non-recognition of additional provident fund liability per a Supreme Court ruling.
Mixed signals for shareholders: revenue growth is healthy, but the decline in profit and EPS despite higher sales may weigh on sentiment. The qualified audit opinion on GST and PF matters is a watch item. The dividend is small in absolute terms (Rs. 0.10 per share), so yield is likely modest; no major capital return is being announced.