AGI Greenpac’s profits up 26% in Q3

Q3 FY24 – EBITDA of ₹153 crore, up 36% Y-o-Y: PAT ₹67 crore, 26%

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AGI Greenpac
In Q3FY24, the company reported revenue from operations of ₹622 crore against ₹567 crore in the corresponding period of the preceding fiscal, registering a growth of 10%.

AGI Greenpac, a focused packaging products company, has announced its financial results for the quarter ending 31 December 2023. 

In Q3FY24, the company reported revenue from operations of ₹622 crore against ₹567 crore in the corresponding period of the preceding fiscal, registering a growth of 10%. EBITDA grew 36% to ₹153 crore as against ₹113 crore in the December 2022 quarter. The EBITDA margin was 25% as compared to 20% in the December 2022 quarter. Earnings per share witnessed a positive upswing, rising to ₹10.37 in the Q3 FY24 as compared to ₹8.23 in the December 2022 quarter.

In 9M FY24, revenue from operations was ₹1796 crore, registering a growth of 12% Y-o-Y. The EBITDA stood at ₹432 crore, marking a substantial 48% Y-o-Y growth, and profit after tax was ₹187 crore, demonstrating a 22% Y-o-Y growth.

Commenting on the results, Sandip Somany, chairman and managing director, AGI Greenpac, said, “Our performance in Q3 FY24 underscores sustained growth and profitability, a testament to our focus on key drivers such as operational efficiencies and a superior product mix.”

He added, “With a robust product pipeline and a steadfast focus on glass packaging products, we are poised to maintain this growth momentum. Moving forward, our unwavering commitment to excellence and innovation positions us to capitalize on emerging opportunities in the packaging products segment.”

AGI Greenpac (formerly HSIL Limited) manufactures and markets various packaging products, including glass containers and polyethylene terephthalate (PET) bottles & products and security caps & closures. The Packaging Products Division has seven plants in India, located across Telangana, Uttarakhand, and Karnataka. This division has a comprehensive product range, catering to 500+ globally acclaimed institutional clients in India.

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