The announcement was made after market hours yesterday.
Confidence Petroleum India is engaged in LPG cylinder manufacturing, LPG bottling & blending, and running auto LPG dispensing stations.
The company's consolidated net profit declined 20.21% to Rs 14.21 crore despite a 60.30% jump in sales to Rs 355.31 crore in Q1 FY23 over Q1 FY22.