Confidence Petroleum India Ltd's Q3FY25 Quarterly Results

Result Summary

• Confidence Petroleum India Ltd reported a 5.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 27.6%.
• Its expenses for the quarter were down by 6.7% QoQ and up 28.4% YoY.
• The net profit increased 21.1% QoQ and decreased 4.0% YoY.
• The earnings per share (EPS) of Confidence Petroleum India Ltd stood at 0.9 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Confidence Petroleum India Ltd is a company primarily involved in the liquefied petroleum gas (LPG) sector. The company engages in the manufacturing of LPG cylinders, LPG bottling, and LPG distribution. In addition to its core business, Confidence Petroleum also operates auto LPG dispensing stations across India. The company has been expanding its reach within the energy sector and is known for its innovative approach in providing LPG solutions. However, specific details about any recent major developments are not available in the provided data.

Revenue

During the third quarter of the fiscal year 2025, Confidence Petroleum India Ltd reported a total income of ₹717.92 crores. This represents a decline of 5.0% compared to the previous quarter (Q2FY25), where the total income stood at ₹755.85 crores. Despite this quarter-over-quarter decrease, the company's total income demonstrated a substantial year-over-year increase of 27.6%, up from ₹562.80 crores in the third quarter of the previous fiscal year (Q3FY24). This growth highlights a significant rise in revenue over the year, reflecting higher sales or improved pricing strategies.

Profitability

In Q3FY25, Confidence Petroleum India Ltd achieved a profit before tax of ₹35.59 crores, showcasing an improvement of 45.5% from the previous quarter's figure of ₹24.46 crores. This indicates a strong quarter-over-quarter performance in profitability. On a year-over-year basis, the profit before tax increased by 13.6% from ₹31.32 crores in Q3FY24. The company incurred a tax expense of ₹10.39 crores in Q3FY25, which was significantly higher than the previous quarter and the same quarter last year, reflecting increases of 177.8% and 121.5%, respectively. Consequently, the profit after tax for this quarter was ₹26.33 crores, which is a 21.1% rise from Q2FY25's ₹21.75 crores but a slight decrease of 4.0% compared to the ₹27.44 crores recorded in Q3FY24.

Operating Metrics

The earnings per share (EPS) for Confidence Petroleum India Ltd in Q3FY25 was ₹0.90. This figure marks an 80.0% increase from the previous quarter's EPS of ₹0.50, indicating improved earnings attributable to shareholders within the quarter. The EPS remained unchanged from the same quarter of the previous year (Q3FY24), where it was also ₹0.90. This stability in year-over-year EPS suggests consistent performance in terms of per-share earnings. The operating expenses for the company decreased by 6.7% quarter-over-quarter to ₹682.33 crores in Q3FY25 from ₹731.39 crores in Q2FY25, while showing a year-over-year increase of 28.4% from ₹531.48 crores in Q3FY24, reflecting changing cost dynamics over the periods analyzed.