In Q2 FY24, AGI Greenpac posts EBITDA of 139 crore up by 59% Y-o-Y and PBT of Rs74 crore up by 59%

AGI Greenpac Limited, a focused Packaging Products company, today announced its financial results for the quarter ending September 30th, 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 a growth of 59% on a Y-o-Y.

In H1FY24, the Company's Revenue from Operations was 1174 crore, marking a 14% Y-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.

Commenting on the results, Mr. Sandip Somany, Chairman and Managing Director, AGI Greenpac Limited 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.”