June 23, 2018 12:59 PM 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 operates through LPG/CNG Cylinder Manufacturing and LPG Bottling & Marketing segments. The company offers CNG and high pressure, and packed cylinders. It also provides LPG bottling services; and supplies LPG for commercial usage. The company serves domestic, commercial, and industrial customers under the Go Gas brand name. It has 110 auto LPG dispensing stations in 21 states. Confidence Petroleum India Limited 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, CEO & MD
Total Annual Compensation: 4.0M
CFO & Executive Director
Age: 50
Total Annual Compensation: 3.5M
Compensation as of Fiscal Year 2017.

Confidence Petroleum India Limited Key Developments

Confidence Petroleum India Limited, Board Meeting, Jun 05, 2018

Confidence Petroleum India Limited, Board Meeting, Jun 05, 2018, at 12:30 Indian Standard Time. Agenda: To consider proposal of raising fund through issue of equity shares on the basis of preferential allotment in accordance with the provision of companies act, 2013 and SEBI; to consider and approve issuance of convertible warrant; to fix date, time and venue of extra-ordinary general meeting/postal ballot for approval of preferential issue and issuance of convertible warrant; and to consider any other matter with the permission of chairman.

Confidence Petroleum India Ltd. Reports Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2018

Confidence Petroleum India Ltd. reported audited standalone and consolidated earnings results for the fourth quarter and year ended March 31, 2018. For the quarter, on standalone basis, the company's total revenue of INR 1,708.373 million compared to INR 1,610.124 million a year ago. Profit before exceptional items extraordinary items and tax was INR 110.676 million compared to INR 2.564 million a year ago. Profit before tax was INR 110.676 million compared to INR 2.564 million a year ago. Profit for the period from continuing operations was INR 78.224 million compared to INR 1.827 million a year ago. Profit for the period was INR 78.224 million compared to INR 1.827 million a year ago. Basic and diluted earnings per share was INR 0.30 compared INR 0.01 a year ago. For the year, on standalone basis, the company's total revenue of INR 5,756.036 million compared to INR 4,876.271 million a year ago. Profit before exceptional items extraordinary items and tax was INR 360.978 million compared to INR 64.620 million a year ago. Profit before tax was INR 360.978 million compared to INR 64.620 million a year ago. Profit for the period from continuing operations was INR 252.685 million compared to INR 45.040 million a year ago. Profit for the period was INR 252.685 million compared to INR 45.040 million a year ago. Basic and diluted earnings per share was INR 0.98 compared INR 0.17 a year ago. For the quarter, on consolidated basis, the company's total revenue of INR 1,864.037 million compared to INR 1,582.687 million a year ago. Profit before exceptional items extraordinary items and tax was INR 128.508 million compared to loss before exceptional items extraordinary items and tax INR 1.370 million a year ago. Profit before tax was INR 128.508 million compared to loss before tax of INR 1.370 million a year ago. Profit for the period from continuing operations was INR 64.102 million compared to loss for the period from continuing operations of INR 2.527 million a year ago. Profit attributable to owners of the parent for the period was INR 67.520 million compared to loss attributable to owners of the parent for the period of INR 4.483 million a year ago. Basic and diluted earnings per share was INR 0.26 compared INR 0.01 basic and diluted loss per share a year ago. For the year, on consolidated basis, the company's total revenue of INR 6,099.070 million compared to INR 4,986.824 million a year ago. Profit before exceptional items extraordinary items and tax was INR 375.896 million compared to INR 69.033 million a year ago. Profit before tax was INR 375.896 million compared to INR 69.033 million a year ago. Profit for the period from continuing operations was INR 265.664 million compared to INR 48.350 million a year ago. Profit attributable to owners of the parent for the period was INR 268.159 million INR 50.040 million a year ago. Basic and diluted earnings per share were INR 1.04 compared INR 0.18 a year ago.

Confidence Petroleum India Limited to Report Q4, 2018 Results on May 29, 2018

Confidence Petroleum India Limited announced that they will report Q4, 2018 results on May 29, 2018

Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 5, 2018
--
Merger/Acquisition
May 29, 2018
Gold Bid Limited
Merger/Acquisition
September 5, 2017
Confidence Futuristic Energetech Ltd.
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