Confidence Petroleum India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
CONFIPET · price
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Confidence Petroleum reported strong standalone revenue growth of ~50% for FY2026 (Rs. 4,53,0 Cr vs Rs. 3,02,7 Cr in FY2025), driven by higher LPG volumes in bulk and PCD segments. However, statutory auditors issued a qualified opinion due to a Rs. 1,288 lakh discrepancy in GST input tax credit between the company's books and the GSTN portal — the amount could not be verified and may impact prior period profits. One joint auditor (L.N.J. & Associates) resigned mid-year and was replaced by Katariya & Munot. Consolidated PAT grew 11.5% to Rs. 8,633 lakh. The board recommended a 10% dividend (Rs. 0.10 per share). Non-current borrowings increased significantly from Rs. 2,174 lakh to Rs. 3,248 lakh. The company also disclosed an income-tax search in October 2025 with no written outcome yet.
The qualified audit opinion on GST reconciliation is a concern — shareholders should monitor the outcome as it could affect reported profits. The strong revenue growth and positive cash generation are positives, but the auditor uncertainty and rising debt levels may keep sentiment cautious.