Confidence Petroleum Q3 Result 2024: Date and Time, Share Price and Target

News: Confidence Petroleum, a key player in the gas and petroleum industry, is all set to announce its Quarter 3 (Q3) results for 2024. Investors and stakeholders eagerly await this update to gain insights into the company’s financial performance. In this article, we’ll cover the essential details you need to know about Confidence Petroleum’s Q3 results.

Date and Time of Announcement

The board meeting to discuss the Q3 results is scheduled for February 14, 2024. On this day, Confidence Petroleum will reveal crucial information about its revenue, expenses, profits, and other financial metrics. Investors should mark their calendars and keep an eye out for official announcements.

Share Price Movement

As of the latest update, Confidence Petroleum’s share price stands at ₹93.25. Investors closely monitor share prices during earnings announcements, as positive results often lead to stock price appreciation. Conversely, disappointing results can impact share prices negatively. Keep an eye on the stock market to track Confidence Petroleum’s performance.

Target Audience

Who should pay attention to Confidence Petroleum’s Q3 results? Here’s a breakdown of the target audience:

• Investors: Shareholders and potential investors are keenly interested in the financial health of the company. They analyze the results to make informed decisions about buying, holding, or selling Confidence Petroleum shares.
• Analysts and Researchers: Financial analysts and research professionals study the Q3 results to assess the company’s growth prospects, profitability, and overall stability. Their insights influence market sentiment.
• Industry Experts: Professionals in the gas and petroleum sector closely follow Confidence Petroleum’s performance. The company’s results provide valuable industry insights and trends.

Key Metrics to Watch

During the Q3 results announcement, pay attention to the following metrics:

• PE Ratio: The price-to-earnings ratio reflects market expectations regarding future earnings. A higher PE ratio suggests optimism about the company’s growth prospects.
• Earnings Per Share (EPS): EPS indicates the company’s profitability per outstanding share. Positive EPS growth is favorable for investors.
• Market Capitalization (MCap): Confidence Petroleum’s MCap represents its total market value. It’s calculated by multiplying the share price by the total number of outstanding shares.
• Revenue Growth: Look for any significant changes in revenue compared to previous quarters. Consistent revenue growth is a positive sign.

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About Confidence Petroleum India Ltd :

Confidence Petroleum India Ltd is a prominent player in the gas and petroleum industry. Let’s delve into some key aspects of this company:

Overview:

• Confidence Petroleum India Ltd (CPIL) is a listed public company incorporated on July 21, 1994.
• It is classified as a public limited company and is headquartered in Mumbai City, Maharashtra.
• The company’s authorized share capital is ₹35.75 crore, and the total paid-up capital is ₹28.92 crore.

Business Activities:

• LPG Cylinders: CPIL is engaged in the manufacturing of LPG cylinders. These cylinders play a crucial role in the distribution of liquefied petroleum gas (LPG) for domestic, commercial, and industrial use.
• Auto LPG: CPIL also operates as a supplier of auto LPG in India. It has a network of bottling plants and Auto LPG dispensing stations across the country.
• Packed LPG Cylinders: The company supplies packed LPG cylinders and caters to industrial and commercial customers.
• CNG and High-Pressure Cylinder Manufacturing: CPIL is involved in CNG-related activities and manufactures high-pressure cylinders used in various applications.

Innovation and Ethical Values:

• CPIL is known for its innovative approach. It pioneered India’s first fibre-body Composite Cylinders, revolutionizing safety and efficiency in LPG distribution.
• The company emphasizes ethical values and maintains financial credibility by being listed on NSE and BSE.

Mission and Vision:

• Mission: CPIL aims to deliver innovative, reliable, and high-quality products and services that positively impact the environment and communities it serves.
• Vision: At its core, CPIL strives to be a leading provider of clean and eco-friendly fuel solutions for individuals and commercial entities. It envisions contributing to a sustainable and energy-efficient future.

Confidence Petroleum’s Q3 results hold critical information for investors and industry observers. Stay tuned for the official announcement on February 14, 2024, and keep an eye on the stock market for reactions. Whether you’re an investor, analyst, or industry enthusiast, these results will shape your understanding of Confidence Petroleum’s performance.