Confidence Petroleum Q1 FY27: consol PAT triples YoY to ₹61.9 Cr as revenue surges 117%

Confidence Petroleum's consolidated revenue jumped 116.6% YoY to ₹2,408.5 Cr (₹1,112.0 Cr a year ago) and 98.1% QoQ (₹1,215.7 Cr in Q4 FY26), with PAT attributable to owners more than tripling YoY to ₹61.9 Cr (₹20.2 Cr) and up 97.5% QoQ (₹31.4 Cr); EPS rose to ₹1.86 from ₹0.61. Standalone (parent-only) grew slightly faster — revenue +120.9% YoY to ₹2,348.8 Cr, PAT +213.4% YoY to ₹60.8 Cr — indicating subsidiaries contributed a marginally smaller share of the consolidated growth this quarter, though the divergence is modest and both entities tell the same story of a volume/price-led surge. There is no management guidance on record and no company-specific Q1 street consensus was found in a web search; the only public estimate located was a full-year FY27 analyst PAT-growth projection of roughly 15-20% (Univest, price-target note) tied to a ₹81.5 target — a figure this quarter's ~207% YoY PAT growth already runs well ahead of on an annualised basis, so vsGuidance/vsStreet are recorded as unknown rather than inferred. Margins moved in different directions: EBITDA margin (PBT adjusted for other income, finance cost and D&A, divided by revenue) compressed to about 6.0% from 7.4% YoY, while net margin expanded to 2.6% from 1.8%, as finance costs and depreciation grew far slower than the near-doubling of revenue, giving operating leverage even as per-unit trading margins thinned. Note 5 attributes the per-unit squeeze to the Auto LPG division being "subdued due to higher prices and lower availability," as the company prioritised higher-margin Bulk LPG supply and mandated PCD (domestic cooking gas) supply amid Middle East-driven LPG price volatility — management's own framing for why revenue surged while EBITDA margin did not keep pace. Governance activity this quarter includes a board committee reconstitution and a director resignation (both June 4), and BW LPG's divestment of its entire JV stake coincides with Annexure 1 showing BW Confidence Enterprises and GBC LPG converting from joint ventures to subsidiaries effective April 8, 2026 — consolidating entities that were previously only proportionately consolidated, though the filing does not quantify that shift's contribution to the print. Two unresolved items carry forward without provisioning: a ₹12.88 Cr GST input-tax-credit mismatch (Note 4, auditors' emphasis of matter) and an October 2025 income-tax department search at company premises with no written outcome yet (Note 8).