AGI Greenpac records EBITDA by 59% in Q2 FY2024

In Q2 FY24, the company's revenue from operations stood at Rs 615 crore, marking a 20% Y-o-Y growth from Rs 512 crore in Q2 FY23. The company recorded EBITDA of Rs 139 crore, reflecting a 59% Y-o-Y with a margin of 22%. Profit before Tax stood at Rs 74 crore, registering a growth of 59% on a Y-o-Y.

In H1 FY24, the company's revenue from operations was Rs 1,174 crore, marking a 14% Y-o-Y increase from Rs 1,034 crore in H1 FY23. The company delivered EBITDA of Rs 279 crore, registering a growth of 55% on a Y-o-Y basis with a margin of 24%. Profit before Tax stood at Rs 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 the understanding of market dynamics, an improved and flexible product mix, a commitment to sustainability, and customer satisfaction.

Commenting on the results, Sandip Somany, chairman and managing director, AGI Greenpac said, “At AGI Greenpac, our priorities revolve around a two-fold 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.”