AGI Greenpac, a focused packaging products company, has announced its financial results for the quarter ending 30 September 2024.
In Q2FY25, AGI Greenpac’s revenue from operations remained steady at INR 599 crore. EBITDA stood at INR 166 crore, reflecting a 20% Y-o-Y with a 28% margin. Profit after Tax reached INR 72 crore, registering a growth of 28% on a Y-o-Y.
In H1FY25, the company’s revenue from operations reached INR 1166 crore. EBITDA stood at INR 313 crore, registering a growth of 12% on a Y-o-Y basis with a 27% margin. Profit after Tax reached INR 135 crore, registering a growth of 13% on a Y-o-Y.
The company’s consistent performance was driven by a combination of factors. Firstly, despite challenges posed by scheduled furnace relining, the company maintained a strong capacity utilization of around 93%. Secondly, a focus on cost efficiency, including optimizing production processes and supply chain management, resulted in improved margins. Thirdly, by strengthening partnerships with customers and tailoring our offerings to meet specific needs, we have been able to maintain our strong market presence.
Sandip Somany, chairman and managing director, AGI Greenpac, said, “Our strategic focus on operational efficiencies, capacity utilization, customer engagement, new product introductions, and a premium product mix has resulted in significant improvement in our margins. We are optimistic about our future and believe that our strategic focus will continue to deliver strong results.”