Confidence Petroleum India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
CONFIPET · price
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Confidence Petroleum India reported strong Q1 FY26 results with consolidated revenue from operations rising about 43% year-on-year to Rs. 1,11,199 lakhs (vs Rs. 77,793 lakhs in Q1 FY25). Consolidated profit after tax grew around 32% to Rs. 2,045 lakhs (vs Rs. 1,544 lakhs), translating to an EPS of Rs. 0.61 (vs Rs. 0.47). Standalone revenue rose about 38% to Rs. 1,06,351 lakhs with PAT up 38% to Rs. 1,940 lakhs. The LPG division contributed over 96% of consolidated revenue. Auditors (Singhi & Co and LNJ & Associates) issued a qualified review report flagging two issues: a mismatch in GST input tax credit between the company's books and the GST Network portal, and non-recognition of additional provident fund liability as per the Supreme Court's February 2019 ruling. The company also disclosed discontinuing its planned LPG import terminal project at JNPA and incorporating a new wholly-owned subsidiary, Confidence Green Energy Private Limited, on July 16, 2025.
Strong topline and profit growth on a year-on-year basis is positive for shareholders, but the qualified auditor report on GST and PF matters and the abandonment of the JNPA import terminal project introduce some caution. Watch for the size of the unresolved GST input tax credit gap and the pending PF liability determination, as these could affect future earnings.