Confidence Petroleum India Ltd, engaged in manufacturing LPG cylinders and supplying auto LPG through its network of bottling plants and dispensing stations across India, reported mixed financial results for Q2FY26.
Financial Highlights:
- Revenues increased 31.77% year-on-year to ₹983 crore from ₹746 crore.
- Total expenses rose 32.1% to ₹967 crore from ₹732 crore.
- Consolidated net profit declined 9.09% to ₹20 crore from ₹22 crore.
- Earnings per share increased 15.09% to ₹0.61 from ₹0.53.
The decline in net profit was primarily due to expenses rising proportionally to revenues, which impacted margins despite higher sales.
Outlook:
Confidence Petroleum aims to optimize operational costs, expand its auto LPG network, and enhance its product offerings to improve profitability and sustain growth.
Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.
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