Containers & Packaging company AGI Greenpac announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from Operations of Rs 625 crore EBITDA of Rs 156 crore Profit Before Tax (PBT) of Rs 89 crore. FY24 Financial Highlights: EBITDA growth of 21% YoY, reaching Rs 588 Crore Revenue from Operations ascending to Rs 2,421 crore, marking a 6% increase compared to FY23. PBT stood at Rs 340 crore, compared to Rs 304 crore in FY23 Commenting on the results, Sandip Somany, Chairman and Managing Director, AGI Greenpac said, " Our consistent year-on-year growth reflects our unwavering focus on innovation, operational efficiencies, the introduction of new products, and a premium product mix. I am happy with our ability to not only meet but exceed expectations in challenging market conditions. The successful addition of capacity through debottlenecking in FY24 to meet increased demand underscores our commitment to operational excellence and customer satisfaction. Looking ahead, I am confident in our continued success and growth." Result PDF
Furniture-furnishing Paints company AGI Greenpac announced Q2FY24 & H1FY24 results: Q2FY24: Revenue from Operations stood at Rs 615 crore, marking a 20% YoY growth from Rs 512 crore in Q2FY23. The Company recorded EBITDA of Rs 139 crore, reflecting a significant 59% YoY with a margin of 22%. Profit before Tax stood at Rs 74 crore, registering a growth of 59% on a YoY. H1FY24: Revenue from Operations was Rs 1,174 crore, marking a 14% YoY increase from Rs 1,034 crore in H1FY23. The Company delivered EBITDA of Rs 279 crore, registering a significant growth of 55% on a YoY basis with a margin of 24%. Profit before Tax stood at Rs 160 crore, registering a remarkable growth of 57% on a YoY. Commenting on the results, Sandip Somany, Chairman and Managing Director, AGI Greenpac said, “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 in solidifying our position in the packaging products industry.” Result PDF
Furniture-Furnishing Paints Company AGI Greenpac announced Q1FY24 results: Revenue from Operations increased by 7% on a YoY basis, increasing from Rs 522 crore in Q1FY23 to Rs 558 crore in Q1FY24, despite a scheduled furnace shutdown for relining. EBITDA of Rs 140 crore, registering a significant growth of 52% on a YoY basis with a margin of 25%. Profit before Tax stood at Rs 85 crore, registering a remarkable growth of 55% on a YoY basis with margins of 15% On a YoY basis, the company’s sales and profitability improved owing to increased market demand, a more favorable product mix, and our focus on high-value-added products. Substantial investments in digitalisation and automation have further optimised the operations, significantly improving efficiency. Commenting on the results, Sandip Somany, Chairman and Managing Director, AGI Greenpac said, “Our well-crafted strategy and a series of proactive steps have helped us in achieving another remarkable result this quarter. We have successfully identified and capitalized on opportunities arising from the growing market demand, aligning our offerings with customer preferences. Additionally, we optimized our operations by strategically focusing more on high value-added products, which has proven instrumental in boosting our bottom line, and enhancing profitability.” Result PDF
Consumer Products company AGI Greenpac announced Q4FY23 & FY23 results: Q4FY23: Revenue from Operations of Rs 680 crore, compared to Rs 432 crore in Q4FY22, registering a robust growth of 58% on a YoY basis. EBITDA of Rs 196 crore, registering a growth of 111% on a YoY basis with a margin of 29%. Net Profit of continued operation stood at Rs 96 crore, registering a growth of 152% on a YoY basis with margins of 14%. FY23: Revenue from Operations of Rs 2,281 crore, compared to Rs 1,430 crore in FY22, registering a strong growth of 60% on a YoY basis. EBITDA of Rs 488 crore, registering a growth of 59% on a YoY basis with a margin of 21%. Net Profit stood at Rs 249 crore, registering a growth of 114% on a YoY basis with margins of 11%. Commenting on the results, Mr. Sandip Somany, Chairman and Managing Director, AGI Greenpac Limited said, “Rise in demand for the glass packaging containers from both the non-alcoholic & alcoholic beverage segments and our integrated business model and premium products helped us in delivering sustainable growth for the year.” He further added, “AGI Greenpac is a supply chain partner to various consumer brands, including pharmaceuticals, food, non-alcoholic & alcoholic beverages, cosmetics, perfumery and is focused on creating value for all partners.” Result PDF