CONFIPET Q1 FY27 earnings call.
A source-linked concall view: reported numbers, management language, guidance, commitments and risks that should carry forward.
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Revenue
₹2,409 Cr
verified against source
Revenue YoY
117%
reported change
EBITDA
₹147 Cr
latest reported figure
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What the record says.
Confidence Petroleum delivered record Q1 FY27 results with revenue of 248 Cr (+117% YoY) and PAT of 62.6 Cr (more than tripled YoY), driven primarily by higher LPG prices and volume growth. EBITDA stood at 147 Cr, up 64% YoY. Management clarified that the revenue surge was price-led rather than purely volume-driven, though volumes approximately doubled YoY. The company served as a key beneficiary during West Asia supply disruptions, gaining industrial customers who have now entered longer-term arrangements. Auto LPG and packed LPG segments generate the highest EBITDA margins. Guidance targets 10-15% QoQ growth, though specific margin expansion timelines were not quantified. The Type 4 high-pressure cylinder plant remains non-operational pending order book finalization. Risks include LPG price volatility, single-segment concentration, pending income tax assessments, and the lack of verified financial guidance. The company operates 68 bottling plants, 315 Auto LPG stations, and 50+ CNG stations with expansion plans.
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Guidance to track
- Management targets 10-15% sequential growth in revenue and EBITDA across upcoming quarters, supported by volume expansion and normalized LPG pricing conditions.
- Company plans to expand Auto LPG dispensing station network from 315 to 500 stations by FY27, with further expansion to 1,000 stations planned in FY28.
- Planning to increase CNG stations from 50+ to 100 in Bangalore, with additional discussions underway with CGD players for Mumbai, Hyderabad, and Indore.
- Management expects margins to increase as LPG prices normalize and volumes scale, leveraging fixed cost benefits and higher procurement volumes from overseas suppliers.
Risks flagged
- Management explicitly stated Q1 revenue growth was largely driven by higher LPG prices rather than fundamental business changes, creating uncertainty around quarterly revenue trajectory as commodity prices fluctuate.
- The Type 4 high-pressure cylinder manufacturing plant in Nagpur has completed capex but remains non-operational as the company has no confirmed orders. Timing of commercial production remains uncertain.
- Income tax search conducted on October 7, 2025 (completed within 7 days) remains under assessment. No final tax demand has been communicated, but uncertainty exists regarding potential tax liability.
- PESO regulations currently do not permit combined CNG and Auto LPG stations. Expansion plans may face regulatory delays. Additionally, Auto LPG witnessed temporary demand slowdown due to higher LPG prices.
Key quotes
- The volumes are increased drastically. If I compare year on year, almost the volumes are doubled. On the part of the revenue increase, definitely the price impact is there but not totally only based on price. It is on the volume side itself also.
- During the period of supply constraints, we strategically prioritized bulk LPG supplies to industrial customers and PCD supplies to ensure uninterrupted availability of cooking gas to our HORECA and industrial customers.
- So basically in pack LPG we are doing a sale of around 18 to 20,000 metric ton per month. And we are more into the commercial side as government is more into the domestic side. We are more price competitive in the commercial side of the business.
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