August 19, 2017 11:52 AM ET

Machinery

Company Overview of Confidence Petroleum India Limited

Company Overview

Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India. It also offers CNG and high pressure, and packed cylinders; LPG bottling services; and LPG and CNG meters for use in multistory buildings and townships. In addition, the company supplies auto LPG under the Go Gas brand name; and provides auto LPG logistics/transportation and storage services. Further, it owns and operates 75 auto LPG dispensing stations. The company was incorporated in 1994 and is based in Nagpur, India.

404, Satyam Apartment

8 Wardha Road

Dhantoli

Nagpur,  440012

India

Founded in 1994

Phone:

91 71 2325 0318

Fax:

91 71 2661 2083

Key Executives for Confidence Petroleum India Limited

Chairman, Chief Executive Officer and Managing Director
Total Annual Compensation: 6.0M
Chief Financial Officer and Executive Director
Age: 50
Total Annual Compensation: 1.0M
Compensation as of Fiscal Year 2016.

Confidence Petroleum India Limited Key Developments

Confidence Petroleum India Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Fourth Quarter Ended March 31, 2017 and Audited Standalone and Consolidated Earnings Results for the Year Ended March 31, 2017

Confidence Petroleum India Limited announced unaudited standalone and consolidated earnings results for the fourth quarter ended March 31, 2017 and audited standalone and consolidated earnings results for the year ended March 31, 2017. For the quarter, on standalone basis, the company reported net sales/income from operations and total income from operation (net) of INR 1,601.438 million against INR 907.606 million a year ago. Profit from operations before other income, finance costs, and exceptional items was INR 30.916 million against INR 46.194 million a year ago. Profit from ordinary activities before tax was INR 7.048 million against INR 13.911 million a year ago. Net profit from ordinary activities after tax was INR 5.142 million or INR 0.02 per basic and diluted before extraordinary items against INR 9.534 million or INR 0.04 per basic and diluted before extraordinary items a year ago. For the year, on standalone basis, the company reported net sales/income from operations and total income from operation (net) of INR 4,858.443 million against INR 3,505.285 million a year ago. Profit from operations before other income, finance costs, and exceptional items was INR 176.254 million against INR 121.599 million a year ago. Profit from ordinary activities before tax was INR 76.414 million against INR 27.020 million a year ago. Net profit from ordinary activities after tax was INR 53.490 million or INR 0.21 per basic and diluted before extraordinary items against INR 18.671 million or INR 0.07 per basic and diluted before extraordinary items a year ago. For the quarter, on consolidated basis, the company reported net sales/income from operations and total income from operation (net) of INR 1,575.465 million against INR 928.238 million a year ago. Profit from operations before other income, finance costs, and exceptional items was INR 27.758 million against INR 34.677 million a year ago. Profit from ordinary activities before tax was INR 0.934 million against INR 4.294 million a year ago. Net profit from ordinary activities after tax was INR 0.211 million or INR 0.00 per basic and diluted before extraordinary items against net loss of INR 2.221 million or INR 0.01 per basic and diluted before extraordinary items a year ago. For the year, on consolidated basis, the company reported net sales/income from operations and total income from operation (net) of INR 4,968.970 million against INR 3,546.916 million a year ago. Profit from operations before other income, finance costs, and exceptional items was INR 181.025 million against INR 114.693 million a year ago. Profit from ordinary activities before tax was INR 79.310 million against INR 19.138 million a year ago. Net profit from ordinary activities after tax was INR 56.386 million or INR 0.21 per basic and diluted before extraordinary items against INR 10.789 million or INR 0.05 per basic and diluted before extraordinary items a year ago.

Confidence Petroleum India Limited to Report Q4, 2017 Results on May 30, 2017

Confidence Petroleum India Limited announced that they will report Q4, 2017 results on May 30, 2017

Confidence Petroleum India Limited, Board Meeting, May 30, 2017

Confidence Petroleum India Limited, Board Meeting, May 30, 2017. Agenda: To consider and approve the audited financial results for the fourth quarter and year ended on 31 March, 2017; and to consider any other matter with the permission of chairman.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 16, 2017
Globe Industrial Resources Limited
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