AGI Greenpac Limited, a prominent Packaging Products company, has reported strong financial results for Q2 FY24, with a 59% year-on-year (Y-o-Y) increase in EBITDA and Profit Before Tax (PBT). The company’s Revenue from Operations in Q2 FY24 reached ₹615 crore, reflecting a 20% Y-o-Y growth. In H1 FY24, AGI Greenpac also achieved remarkable growth with a 55% Y-o-Y increase in EBITDA. The company’s success is attributed to its commitment to customer satisfaction, an improved product mix, and sustainability. Chairman and Managing Director Mr. Sandip Somany emphasized the importance of internal efficiency and customer dedication in solidifying their industry position.
AGI Greenpac Limited, a distinguished Packaging Products company, is pleased to announce its impressive financial results for the quarter ending September 30, 2023, showcasing substantial growth and remarkable performance. The company’s unwavering commitment to internal efficiencies and customer satisfaction has propelled its success, reinforcing its position in the packaging products industry.
In the second quarter of fiscal year 2024 (Q2 FY24), AGI Greenpac reported a stellar performance with key financial highlights:
- Revenue Growth: The Company’s Revenue from Operations in Q2 FY24 reached ₹615 crore, marking a significant 20% year-on-year (Y-o-Y) growth compared to ₹512 crore in Q2 FY23. This remarkable growth reflects the company’s ability to capture market opportunities and expand its market share.
- EBITDA Soars: AGI Greenpac achieved an impressive EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of ₹139 crore in Q2 FY24, up by a remarkable 59% Y-o-Y. This achievement underscores the company’s efficiency and effectiveness in managing its operations.
- Profitability: The company’s Profit Before Tax (PBT) also witnessed remarkable growth, reaching ₹74 crore in Q2 FY24, reflecting a notable 59% Y-o-Y increase. This stellar performance is a testament to AGI Greenpac’s sound financial management.
In the first half of fiscal year 2024 (H1 FY24), AGI Greenpac continued to excel, with the following key financial achievements:
- Revenue Growth in H1: The company’s Revenue from Operations for H1 FY24 reached ₹1174 crore, marking a commendable 14% Y-o-Y increase from ₹1034 crore in H1 FY23. This consistent growth highlights the company’s ability to maintain upward momentum in a competitive market.
- Impressive EBITDA: AGI Greenpac delivered an EBITDA of ₹279 crore in H1 FY24, representing an impressive 55% Y-o-Y growth. This achievement reinforces the company’s commitment to operational excellence.
- Notable PBT Growth: The Profit Before Tax for H1 FY24 stood at ₹160 crore, registering a remarkable 57% Y-o-Y growth, reflecting AGI Greenpac’s sound financial strategies and strong market positioning.
These outstanding financial results can be attributed to AGI Greenpac’s holistic approach, characterized by an unwavering dedication to customer satisfaction, improved and flexible product offerings, and a strong commitment to sustainability.
Sandip Somany, Chairman and Managing Director of AGI Greenpac Limited, shared his thoughts on the company’s performance, stating, “At AGI Greenpac Limited, our priorities revolve around a twofold commitment: the 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 solidify our position in the packaging products industry.”
About AGI Greenpac Limited:
AGI Greenpac Limited, formerly known as HSIL Limited, is a leading Packaging Products Company that specializes in the manufacturing and marketing of various packaging products, including Glass Containers, Polyethylene Terephthalate (PET) Bottles and products, and Security Caps and closures. The company’s Packaging Products Division operates seven state-of-the-art plants across India, strategically located in Telangana, Uttarakhand, and Karnataka. With a comprehensive product range, AGI Greenpac caters to over 500 globally acclaimed institutional clients in India, ensuring top-quality packaging solutions.