You are here » Home » Companies » Company Overview » Continental Petroleums Ltd

Continental Petroleums Ltd.

BSE: 523232 Sector: Industrials
NSE: N.A. ISIN Code: INE369D01023
BSE 00:00 | 06 Jul 41.00 -0.10
(-0.24%)
OPEN

41.95

HIGH

41.95

LOW

40.00

NSE 05:30 | 01 Jan Continental Petroleums Ltd
OPEN 41.95
PREVIOUS CLOSE 41.10
VOLUME 56
52-Week high 61.50
52-Week low 37.80
P/E 5.60
Mkt Cap.(Rs cr) 23
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 41.95
CLOSE 41.10
VOLUME 56
52-Week high 61.50
52-Week low 37.80
P/E 5.60
Mkt Cap.(Rs cr) 23
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Continental Petroleums Ltd. (CONTPETROLEUMS) - Chairman Speech

Company chairman speech

Dear Shareholders

It is a great pleasure to connect with you at the end of another eventful financialyear 2020-21. We live in a fast -changing times where in more responsive we are to thesechanges the better prepared we will be for the future. Our Customer -centric approachfuture ready strategies and adherence to the core values of Quality Endurance and Passionled us to post our performance so far. The Government "Make in India" &"Vocal for Local" policy aims to make India a global manufacturing hub in whichwe are taking steps to contribute our best possible.

The World Indian economy & geo-political environment has changed substantiallywhich has led to various changes in the way the business is being done. However thisposes us challenges and it pushes us to set new benchmarks and standards for ourselves.

The continuous fluctuation in the Global Crude Oil Prices & US Dollar fluctuationshas resulted in increase in prices of base oils other petroleum products etc. however wehave tried our best to maintain optimal stock level of base oils & optimal usage ofavailable storage tank space.

The topline of your company has gone up by 2.35 times on year-to-year basis and whichled to increase in Net Profit after tax by 1.65 times on year-to-year basis. EPS (Basic)for the FY 2020-21 is 4.52 (on a Face Value per/share Rs.5.00- Split Date 28thSeptember 2020) compared to FY 201920 was 5.58 (on a Face Value per /share Rs. 10.00). Wehave expanded our customer base in the bulk sales manufacturing segment throughIndustrial Lubricants which include Metalworking Rubber Process Oils & specialtylubricants through a value selling approach.

Trial Run & Completion of Common Treatment Disposal /Incineration Facility (CTDF)project has been modernized & capacity has been expanded from 4500 MTA to 6030 MTA forvarious Industrial waste feeds viz. Solid Liquid and Aqueous Wastes after obtainingEnvironmental Clearances from the Ministry of Environment & Forest. We now foreseerevenues to increase in this segment in the coming FY 2021-22 not only from Rajasthanalso from our neighboring state Haryana for which we have obtained the requisitepermission. "Clean and Green Policy" forms an integral part of the Company'sculture & operations.

We have invested in the high precision quality control and product developmentlaboratory to meet global standards & OEM expectation. We hope to get the laboratoryNABL accreditation. We remain highly enthusiastic to tap into the awaiting opportunitiesand continuously look out for newer business avenues.

Through all these efforts we are committed to prepare your Company for the future anddeliver sustainable value for our various stakeholders & shareholders. We extend ourgratitude to B2B customers distribution partners suppliers bankers and our supportivefraternity of shareholders for their continuous trust and support. We continue to rely onyour whole -hearted support as we pledge to drive your company to a future with highperformance and success.

Madan Lai Khandelwal

.