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Confidence Petroleum reports around 3-fold jump in Q2 consolidated net profit

Confidence Petroleum India has reported results for second quarter ended September 30, 2018.

The company has reported over 2-fold jump in its net profit of Rs 14.56 crore for the quarter under review as compared to Rs 6.05 crore for the same quarter in the previous year. Total income of the company increased by 68.68% at Rs 211.68 crore for Q2FY19 as compared Rs 125.49 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 3-fold jump in its net profit of Rs 16.19 crore for the quarter under review as compared to Rs 5.97 crore for the same quarter in the previous year. Total consolidated income of the company increased by 87.38% at Rs 246.31 crore for Q2FY19 as compared Rs 131.45 crore for the corresponding quarter previous year.

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