Confidence Petroleum posts decent Q3FY18 numbers

Confidence Petroleum India Limited reported its results for the quarter ended December 2017.

The total revenue from operations came in at Rs 148 crore, representing 13 per cent sequential increase and 19 per cent YoY increase. 

Its cash operating profit (EBITDA) amounted to Rs 18 crore. The margin for the quarter stood at 12.5 per cent.  

The company’s PAT came in at Rs 7 crore, representing 18 per cent sequential increase and 138 per cent YoY increase. 

On Thursday, the scrip opened at Rs 36 and touched an intra-day low of Rs 34.80.