Continental Petroleums Limited has registered 90.54 per cent growth in standalone net profit at Rs 1.41 crore for the third quarter ended December 31, 2024, up from Rs 0.74 crore same period last year on the back of a steady demand and increased share of high-margin value added products. Operating income on a standalone basis increased by 218.99 per cent at Rs 29.22 crore during the quarter under review as against Rs 9.16 crore same period last year.
The company’s EBITDA grew by 58.86 per cent at Rs 2.24 crore as compared with Rs
1.41 crore same quarter last year. Earnings per share increased to Rs 2.53, as against
Rs 1.33 in Q3FY23-24.
For the nine months ended December 31, 2024, the company’s net profit increased by 192.48 per cent at Rs 3.89 crore as compared with Rs 1.33 crore same period last year while operating income grew by 156.48 per cent at Rs 86.05 crore as against Rs 33.55 crore last year. EBITDA improved by 70.27 per cent at Rs 6.93 crore, as against Rs 4.07 crore. While Net Profit Margins improved from Rs1.33 crore to Rs 3.89 crore.
Commenting on the company’s performance during the quarter, Madan Lal Khandelwal, Chairman and Managing director, CPL, said, “We have expanded our customer base in the retail segment through Industrial Lubricants which include Metalworking, Rubber Process Oils & specialty lubricants through a value selling approach. Common Treatment Disposal /Incineration Facility (CTDF) has substantially contributed to our bottom line while the EPC vertical has significantly contributed to both the topline and bottom-line of the company. The Clean and Green Policy forms an integral part of the company’s culture & operations.”