A very warm welcome to everyone joining the call. I am pleased to share that our company has delivered its highest-ever quarterly performance, achieving record revenue, EBITDA, and PAT, as Ms. Prity Bhabhra has highlighted. This milestone reflects the strength of our business model, the dedication of our team, and our continued focus on sustainable growth and operational excellence. We are confident that this positive momentum will continue in the coming quarters, supported by our strong business fundamentals, expanding operations, and focused growth strategy. India is the world's third -largest LPG consumer, and with rising household penetration, increasing industrial demand, and growing adoption across mobility and commercial applications, the country's LPG consumption is expected to expand significantly over the coming years. India's LPG market, currently estimated at around 35.04 million metric tons, is projected to reach approximately 40 million to 42 million metric tons by FY 2030, potentially positioning India as the world's largest LPG consumer by 2030. This sustained growth presents significant opportunity across the entire LPG value chain, including sourcing, storage, distribution, bottling, manufacturing, and allied infrastructure. India's LPG market is predominantly driven by OMC sales, which account for approximately 94% of cumulative LPG sales. Private marketers contribute the remaining 6%. Within the private marketing segment, CPIL holds a significant 33% share. Confidence Petroleum has built a seamlessly integrated energy ecosystem, spanning the entire LPG value chain from procurement and bulk industrial supply to bottling, storage, transportation, distribution, and end-user delivery. Over the last several years, we have consciously invested in an integrated platform covering LPG sourcing, bottling, storage, logistics, distribution, cylinder manufacturing, Auto LPG, and CNG infrastructure. Today, the company operates ships on time charter, more than 68 LPG bottling and blending plants, 478 plus LPG road tankers, 225 plus LPG HCVs and LCVs, and a network of more than 3,150 LPG dealers. We also serve 3,400 plus HoReCa customers and more than 300 industrial customers. Our infrastructure includes more than 315 Auto LPG dispensing stations and a growing CNG network of over 50 stations. In addition to this, we operate 82 CNG road vehicles, 15 cylinder manufacturing plants, and 3 high-pressure cylinder manufacturing plants. At Confidence Petroleum, our journey of nearly three decades has been built around one fundamental principle , being a reliable partner in both certain and uncertain times. Over the years, we have established ourselves as a trusted LPG supply partner through consistent execution, strong sourcing capabilities, and most importantly, our ability to ensure uninterrupted supplies to customers.
This capability was particularly tested during the recent geopolitical disruptions in West Asia, which significantly impacted global LPG trade and made sourcing cargoes considerably more challenging. India was particularly affected because of its high dependence on imported LPG. The recent geopolitical situation also demonstrated the value of our diversified sourcing network. While several market participants faced challenges in procuring cargoes from the Middle East, our long -standing sourcing relationships and integrated import infrastructure enabled us to respond quickly. We successfully diversified procurement across alternate geographies, including North America, Africa, and other sourcing regions, thereby ensuring continuity of supply. Despite these challenges, Confidence continued to secure cargoes and maintain uninterr upted supplies to its customers. More importantly, what started as a response to a period of disruption has developed into a meaningful structural opportunity for the company. Several marquee customers who initially engaged with Confidence during this challenging period have subsequently entered into longer- term procurement arrangements with us. During the quarter, we expanded our GoGas packed LPG customer base in HoReCa segment to more than 3,400 accounts and increased our GoGas dealer network to over 3,150 dealers. This, in addition to our view, validates the strength of our sourcing capabilitie s, execution infrastructure, and customer relationships. In bulk LPG, we added new accounts across sectors such as FMCG, food supply processing, glass, ceramics, further strengthening our direct -to-industry supply model. We currently serve approximately 300 industrial customers. Most importantly, a meaningful part of our Q1 performance was volume -led rather than purely price-led. We have secured a number of new bulk and institutional customers under short - to medium-term supply arrangements, providing us with greater revenue visib ility and a stronger base for sustained volume growth in the coming quarters. Therefore, we do not view Q1 as a one -off performance. We enter the quarter with strong underlying momentum in our core businesses, and we expect this momentum to continue, supported by structural growth of India's LPG market. This integrated ecosystem enables us to serve a diversified customer base across industrial, commercial, automotive, and residential segments, while generating meaningful synergies across sourcing, manufacturing, logistics, and distribution. More importantly, our integrated model allows us to participate in multiple stages of the energy value chain, rather than depending on a single business segment. We are building an energy infrastructure platform with multiple avenues for growth, recurring customer relationships, and increasing utilization of our existing assets.
One of the key pillars of this strategy is our asset-light Dispensing Station, or ALDS model. We currently operate more than 315 Auto LPG dispensing stations and continue to see significant potential for further expansion. Our clear objective is to positio n Auto LPG as an economical and sustainable alternative vehicular fuel in India. The economics of this model are particularly attractive, with a new ALDS station having an estimated payback period of less than 18 months. This provides us with an opportunity to scale the network , while maintaining capital efficiency. We expect incremental revenue from this segment to translate into stronger earnings and cash generation. During the quarter, our Auto LPG business witnessed a temporary slowdown due to higher LPG prices, which impacted demand across the industry. During the period of supply constraints, we strategically prioritized bulk LPG supplies to industrial customers an d PCD supplies to ensure uninterrupted availability of cooking gas to our HoReCa and industrial customers. We also continued to support PSUs during this period. This approach reflects our commitment to supporting our customers, ensuring continuity of essential energy supplies, and contributing to nation-building, particularly during the periods of crisis and supply disruption. As market conditions have started stabilizing, Auto LPG volumes across our ALDS network are recovered. We are seeing a steady improvement , supported by focused marketing initiatives, customer outreach, and continued expansion of the network. On part of CNG retailing, we have completed more than 50 stations and are on track to commission an additional 50 stations as they become operational. We are also in active discussions with other city gas distribution players to expand our CNG network into additional cities. Coming to our packed LPG segment, we continue to focus on strengthening the customer proposition under our GoGas brand. We have introduced the Gin Kar Lo, Gin Kar Do initiative, which follows a pay-for-actual-consumption approach. Under this model, returned cylinders are weighed, and the customers receive credit for any unused LPG. While the direct financial impact of this initiative is not our primary objective, we believe it enhances the transparency and creates greater trust with customers. For us, customer retention and long -term relationships are becoming increasingly important alongside customer acquisition. Our objective is to ensure that customers choose Confidence not merely because of LPG pricing, but because of reliability, transparency, availability, and service quality. On profitability, I would like to highlight that the increase in LPG prices during the quarter resulted in significant increase in reported revenues. However, this revenue growth was largely driven by higher product prices rather than a fundamental change in the underlying economics of the business. Despite the elevated LPG prices and the corresponding increase in revenue, our margins remained broadly intact, reflecting disciplined pricing and efficient business operations.
Consequently, while revenue growth was supported by higher realizations, we believe that the strong growth in absolute EBITDA and PAT provides a more meaningful reflection of the company's underlying operational performance and profitability during the quarter. Q1 FY27 has taken our momentum significantly further, with revenue crossing INR2,408 crores and PAT exceeding INR66 crores. We believe the opportunity ahead is substantially larger than the reported quarterly numbers. The investments made over the last sev eral years have created a strong platform across sourcing, manufacturing, bottling, logistics, distribution, and dispensing. Turning to capital allocation, our operations continue to generate strong and growing cash flows. With this financial strength, we are actively evaluating opportunities for backward integration across the value chain. Looking ahead, our strategy remains focused on four key priorities. First, we will continue expanding our distribution and dispensing network, particularly across packed LPG, Auto LPG, and CNG. Second, we will focus on improving utilization of the assets already deployed and converting the investments made over the last fe w years into st ronger earnings and cash flows. Third, we will deepen customer relationships through reliable sourcing, uninterrupted supply, and differentiated service offerings. And fourth, we will continue to pursue backward integration wherever required, with the objective of strengthening our supply chain, improving operational efficiency, reducing dependency on intermediaries, and enhancing long-term value creation. The recent industry disruption demonstrated our ability to execute under challenging circumstances. More importantly, the customer relationships and capabilities developed during this period can create lasting value, even as market conditions normalize. Our philosophy remains unchanged; execute consistently, invest ahead of our demand, maintain financial discipline, improve capital productivity, and build long -term customer relationships. At Confidence Petroleum, our objective is not simply to participate in the energy transition; it is to build the infrastructure that enables it. With that, I would like to thank all our stakeholders, investors, customers, employees, and partners for their continued support and trust. We are confident about the opportunities ahead and remain committed to creating sustainable long -term value for all our stakeholders. Thank you. I would now like to hand over the call for the moderator for the Q&A section.