Annual Report for FY 2024-25
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Continental Petroleums has submitted the notice of its 39th AGM (scheduled for Monday, 29 September 2025 at 3:00 PM via video conferencing) along with the Annual Report for FY 2024-25. The cut-off date for remote e-voting is 22 September 2025. For the year, revenue from operations more than doubled to Rs. 11,290.71 lakhs (from Rs. 5,302.91 lakhs in FY24), while net profit rose about 58% to Rs. 430.95 lakhs (from Rs. 273.31 lakhs), lifting EPS to Rs. 7.75 (from Rs. 4.92). The company operates in three areas: lubricants & greases under the 'CONTOL' brand, hazardous waste incineration, and EPC projects in power & transmission (under the RDSS scheme). No dividend has been recommended for the year. The board has also approved a preferential issue of convertible warrants (around 55 lakhs warrants at Rs. 110 each) partly for cash and partly as a share swap to acquire a controlling stake in Unique Techno Associates Pvt Ltd. Authorised share capital was raised from Rs. 3 crore to Rs. 10 crore via an EGM in January 2025.
Sharply higher revenue and profit growth, along with a clean audit report, are positive signals for shareholders. The warrant-based acquisition of Unique Techno Associates could expand the business but may also lead to future equity dilution. No dividend means shareholders are relying on earnings growth for returns; investors should watch the September 29 AGM for any updates on the acquisition and expansion plans.