Confidence Petroleum Q1 FY27 earnings call transcript filed
CONFIPET · price
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Confidence Petroleum posted record Q1 FY27 results with consolidated revenue at INR 2,408 crores, up 117% year-on-year. EBITDA rose 64% year-on-year to about INR 147 crores and PAT tripled to INR 62.60 crores. Growth was largely volume-led, helped by supply disruptions at public sector oil companies. Company plans to scale Auto LPG stations from 315 to 500, expand CNG stations in Bengaluru and other cities, and commission a Type 4 cylinder plant soon. Management guides 10-15% quarter-on-quarter growth.
Record quarter with multi-fold profit jump and volume gains. Expansion targets and double-digit growth guidance are positive for shareholders.