Confidence Petroleum reports stable Q3FY19 numbers
Confidence Petroleum India's consolidated revenue for the quarter came in at Rs. 283 crore, registering 15.3% yoy increase. This was primarily driven by growth in both cylinder and LPG divisions, which grew around 12.3 per cent and 17 per cent yoy, respectively.
The EBITDA for the quarter rose by 15.9 per cent to Rs 35.27 crore yoy, with the corresponding margin remaining largely stable. EBITDA margin for the quarter stood at 12.5 per cent.
The PAT for the quarter came in at Rs. 18.58 crore, an increase of 14.7 per cent yoy. The board has also declared an interim dividend of Rs. 0.10 per share and the record date for the same has been fixed at Feb. 1, 2019.
The company operates two divisions, viz. cylinder division, which includes production and marketing operations of LPG/CNG cylinders. The second division is LPG division, which includes LPG marketing and bottling business and other businesses. As of quarter ended December 2018, the company's auto LPG stations stood at 163.