AGI Greenpac posts EBITDA of ₹139 crore up by 59% Y-o-Y in Q2 FY24
AGI Greenpac, a focused packaging products company, has announced its financial results for the quarter ending 30 September 2023.
In Q2FY24, the company’s revenue from operations stood at ₹615 crore, marking a 20% Y-o-Y growth from ₹512 crore in Q2FY23. The company recorded EBITDA of ₹139 crore, reflecting a significant 59% Y-o-Y with a margin of 22%. Profit before tax stood at ₹74 crore, registering 59% Y-o-Y growth.
In H1FY24, the company’s revenue from operations was ₹1174 crore, marking a 14% -o-Y increase from ₹1034 crore in H1FY23. The company delivered EBITDA of ₹279 crore, registering a significant growth of 55% on a Y-o-Y basis with a margin of 24%. Profit before tax stood at ₹160 crore, registering a remarkable growth of 57% on a Y-o-Y.
The continuous improvement in business is a result of an integrated approach, underpinned by a keen understanding of market dynamics, an improved and flexible product mix, a commitment to sustainability, and customer satisfaction, the company said.
Commenting on the results, Sandip Somany, chairman and managing director, AGI Greenpac, said, “At AGI Greenpac Limited, our priorities revolve around a twofold commitment: relentless pursuit of internal efficiencies and unwavering dedication to customer satisfaction. These fundamental principles enhance our operations, bring in cost-effectiveness, and ensure customer loyalty, helping us in solidifying our position in the packaging products industry.”
AGI Greenpac Limited (formerly known as HSIL Limited) manufactures and markets various packaging products, including glass containers and polyethylene terephthalate (PET) bottles & products and security caps.
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