Latest news about Continental Petroleums
Continental Petroleums
95.00
+3.00(+3.26%)
Company Performance:
View Company Insights1D+3.26%
1M-8.31%
6M-9.82%
1Y-21.75%
5Y+66.96%
More news about Continental Petroleums
31Oct 25
Continental Petroleums Approves Rs 100 Million Corporate Guarantee for Subsidiary
Continental Petroleums Limited's Board has approved a Rs 100 million corporate guarantee to ICICI Bank for credit facilities to its subsidiary, Magnus Asia Private Limited. The guarantee covers Rs 99 million in working capital limits and Rs 1 million in derivative facilities. This move aims to secure working capital for the subsidiary's operations and is considered a contingent liability with no material impact on Continental Petroleums' financials.
24Oct 25
Continental Petroleums to Consider Corporate Guarantee for Subsidiary at Upcoming Board Meeting
Continental Petroleums Limited has scheduled a board meeting for October 31, 2025, at 3:00 PM in Jaipur. The main agenda is to consider providing a corporate guarantee for its subsidiary, Magnus Asia Private Limited, to secure working capital limits from ICICI Bank. This announcement complies with SEBI regulations for listed entities.
11Aug 25
Continental Petroleums Reports Sharp Decline in Q1 Profit, Appoints New Cost Auditor
Continental Petroleums Limited experienced a significant decline in its Q1 2025-26 financial performance. Net profit fell by 52.15% to ₹61.70 lakhs, while total income decreased by 48.67% to ₹1843.58 lakhs compared to the same quarter last year. The company's EPS also dropped to ₹1.11 from ₹2.32. In a separate development, the Board of Directors appointed Mr. Babu Lal Maharwal of M/s MAHARWAL & ASSOCIATES as the new Cost Auditor for the fiscal year 2025-26.
23Jun 25
Continental Petroleums to Acquire Stake in Unique Tech Associates for ₹71.5 Crore
Continental Petroleums Ltd has announced plans to acquire 24,999 shares of Unique Tech Associates Pvt. Ltd for a total consideration of ₹71.5 crore. This strategic move aims to expand Continental Petroleums' portfolio, potentially diversifying its business interests or strengthening its market position. The specific reasons for the acquisition and its financial implications have not been disclosed.
03Jun 25
Continental to Exit Truck and Bus Radial Tyre Business in India
Continental, a major tyre manufacturer, has decided to discontinue its truck and bus radial tyre business in India. This move is expected to impact the commercial vehicle tyre segment in the country. The exit could reshape market dynamics, potentially creating opportunities for other players to expand their market share. While reasons for the decision are not specified, it suggests a strategic shift in Continental's focus in the Indian market.
21May 25
Continental Petroleums Reports 76% Drop in Q4 Profit Amid Market Challenges
Continental Petroleums experienced a significant 76% year-over-year decline in Q4 net profit to Rs 34.00 lakh, despite an operating income of Rs 26.86 crore. The company cited price fluctuations, softer export demand, and tariff pressures as key factors. However, full fiscal year results showed resilience with a 57.88% increase in Profit After Tax to Rs 4.31 crore and operating income of Rs 112.91 crore.
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(+3.26%)
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