Confidence Petroleum India Board Approves Financial Results and Recommends 10% Dividend
Confidence Petroleum India Limited announced that its Board of Directors held a meeting on May 30, 2026, where it approved the audited financial results for the quarter and year ended March 31, 2026. The board also recommended a final dividend of 10% on the face value of Rs. 1 per equity share for the financial year 2025-26, subject to shareholder approval at the Annual General Meeting.The company provided detailed financial statements, including standalone and consolidated audited results for the quarter and year ended March 31, 2026, alongside historical comparative data.
Financial Highlights (Rs. in Lacs)
The consolidated financial results for the year ended March 31, 2026, showed a Total Income of 4,73,592 and Total Expenses of 4,61,238. The net profit for the year was 9,653.| Particulars | Qtr Ended 31.03.2026 (Audited) | Year Ended 31.03.26 (Audited) |
|---|---|---|
| Revenue from operations | 1,21,569 | 4,70,457 |
| Total Income (I + II) | 1,22,153 | 4,73,592 |
| Total Expenses | 1,17,911 | 4,61,238 |
| Profit/(Loss) before tax | 4,242 | 12,354 |
| Profit/(Loss) for the period | 3,439 | 9,653 |
The standalone financial results reflected similar trends, with Total Income reaching 4,56,564 and Total Expenses at 4,45,019 for the year ended March 31, 2026.
Financial Performance and Position
Consolidated audited figures for the year ended March 31, 2026, showed Total Assets amounting to 2,73,624, compared to 2,55,201 in the previous year. Total Equity attributable to owners of the Parent stood at 1,41,848.Key financial statements for the year ended March 31, 2026:
| Particulars | AS AT 31.03.2026 | AS AT 31.03.2025 |
|---|---|---|
| TOTAL ASSETS | 2,73,624 | 2,55,201 |
| Non-current assets | 1,34,449 | 1,24,650 |
| Current assets | 1,39,175 | 1,30,551 |
| TOTAL EQUITY | 1,54,127 | 1,44,834 |
| Non-current liabilities | 55,104 | 42,647 |
| Current liabilities | 1,18,520 | 1,12,553 |
Cash Flow Overview
The Cash Flow Statement for the year ending March 31, 2026, indicated significant cash generation from operating activities.| Item | FY 2025-26 (Rs. In Lacs) | FY 2024-25 (Rs. In Lacs) |
|---|---|---|
| Net Cash Generated from Operating Activities | 39,969 | 532 |
| Net Cash Used in Investing Activities | (33,850) | (13,048) |
| Net Cash Used in Financing Activities | (15,360) | 15,153 |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | (9,241) | 2,637 |
Audit Qualifications
The independent auditors issued a qualified opinion on both the consolidated and standalone financial results for the year ended March 31, 2026.The basis for the qualified opinion, in both instances, was a difference in the value of the Input Tax Credit of Goods and Services Tax (GST) recorded in the books of accounts and the amount reflected on the GST Network Portal. The auditors stated they were unable to ascertain the precise impact of this difference on the profit for the year and the consequential impact on retained earnings and assets.
Qualified Borrowings Details
Regarding outstanding qualified borrowings, the company reported the following details:| Particulars | Amount (Rs. in Crores) |
|---|---|
| Outstanding Qualified Borrowings at the start of the financial year | 305.21 |
| Outstanding Qualified Borrowings at the end of the financial year | 174.00 |
| Incremental borrowing done during the year (qualified borrowing) | -131.21 |
The company noted that its highest credit rating relating to unsupported bank borrowings or plain vanilla bonds is 'A' from Acuite Rating and Research.
CONFIPET Stock Price Movement
On Friday, Confidence Petroleum India Limited shares rallied, settling at ₹67.77 after gaining 6.62% for the session. The stock traded on a volume of 5.42 million shares, nearing its 52-week high of ₹70.15.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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