Latest news with #ConfidencePetroleumIndia
Business Standard
14 hours ago
- Business
- Business Standard
Confidence Petroleum bags contract worth Rs 42-cr from PSUs
Confidence Petroleum India announced that it has received been awarded bottling assistance contracts aggregating to Rs 42.09 crore from prominent Public Sector Undertakings (PSUs). The company has received contracts from Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL). The contracts include assistance for bottling 3 lakh cylinders for BPCL at Kollam and 1.2 lakh cylinders for HPCL at Trivandrum, both with a contract duration of 10 years. Additionally, the company will assist in bottling 90,000 cylinders for IOCL at Murbad over a three-year term. The company said that it has already participated in the tender issued by IOCL for Sarangpur and has been shortlisted for the same. The Letter of Intent (LOI) is expected to be issued shortly, confirming the allocation. Confidence Petroleum India is a fully integrated LPG & CNG company. Its segments include LPG Cylinder Manufacturing and auto LPG and CNG dispensing stations. The companys consolidated net profit surged 129.61% to Rs 22.80 crore on 46.67% jump in revenue from operations to Rs 924.81 crore in Q4 FY25 over Q4 FY24. The counter declined 9.35% to Rs 50.59 on the BSE.
Business Standard
30-05-2025
- Business
- Business Standard
Confidence Petroleum India consolidated net profit rises 129.84% in the March 2025 quarter
Sales rise 46.67% to Rs 924.81 crore Net profit of Confidence Petroleum India rose 129.84% to Rs 22.80 crore in the quarter ended March 2025 as against Rs 9.92 crore during the previous quarter ended March 2024. Sales rose 46.67% to Rs 924.81 crore in the quarter ended March 2025 as against Rs 630.54 crore during the previous quarter ended March 2024. For the full year,net profit declined 14.94% to Rs 86.23 crore in the year ended March 2025 as against Rs 101.38 crore during the previous year ended March 2024. Sales rose 16.58% to Rs 3145.76 crore in the year ended March 2025 as against Rs 2698.47 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 924.81630.54 47 3145.762698.47 17 OPM % 9.7917.51 - 10.3113.32 - PBDT 77.1686.65 -11 291.47302.88 -4 PBT 33.8518.95 79 116.69142.58 -18 NP 22.809.92 130 86.23101.38 -15
