Continental Petroleums News

Continental Petroleums Reports Mixed Quarterly Performance with 75% Jump in Net Profit

Continental Petroleums Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported a net profit of ₹107.82 lakhs for the quarter, representing a 75.8% increase from ₹61.70 lakhs in the previous quarter. However, half-yearly net profit declined to ₹169.53 lakhs compared to ₹258.83 lakhs in the previous period. Total income for the quarter reached ₹2,284.99 lakhs, up from ₹1,843.58 lakhs in the prior quarter. The company operates in lubricants and grease manufacturing, distribution, incineration services, and turnkey projects. Basic earnings per share for the half-year stood at ₹4.20. The board meeting was held on November 7, 2025, where directors approved the standalone and consolidated unaudited financial results along with the auditor's limited review report.

Continental Petroleums Grants Corporate Guarantee for Subsidiary's Rs 100 Million Credit Facilities

Continental Petroleums Limited's Board of Directors approved a corporate guarantee in favor of ICICI Bank Ltd for credit facilities granted to its subsidiary, Magnus Asia Private Limited. The guarantee covers working capital limits of Rs 99 million and derivative facilities of Rs 1 million, totaling Rs 100 million. The facilities are intended to secure working capital for the subsidiary's operational requirements. The company stated that the guarantee is a contingent liability and will not have any material impact on its financials. The transaction is conducted in the ordinary course of business and at arm's length.

Continental Petroleums Schedules Board Meeting to Consider Corporate Guarantee for Subsidiary

Continental Petroleums Limited has announced a board meeting scheduled for October 31, 2025, at 3:00 PM. The primary agenda item is to consider and provide corporate guarantee for its subsidiary Magnus Asia Private Limited (formerly Unique Techno Associates Private Limited) to ICICI Bank for working capital limits. The meeting will be held at the company's registered office in Jaipur.

Continental Petroleums Reports 90% Drop in Quarterly Profit, Appoints New Cost Auditor

Continental Petroleums Limited's Board approved unaudited financial results for the quarter ended June 30, 2025, showing net profit of Rs. 61.70 lakhs compared to Rs. 128.94 lakhs in the same quarter last year. Total income decreased to Rs. 1,843.58 lakhs from Rs. 3,591.51 lakhs year-over-year. The company's earnings per share fell to Rs. 1.11 from Rs. 2.32 in the corresponding previous quarter. The Board also appointed Mr. Babu Lal Maharwal as Cost Auditor for FY 2025-26. Continental Petroleums operates in lubricants & grease manufacturing & distribution, incineration services, and turnkey projects.