Indian glass manufacturer AGI Greenpac reported an EBITDA of ₹139 crore, up by 59% Y-o-Y, in its latest financial statement.
AGI Greenpac revealed its financial results for the quarter ending September 30th, 2023.
In Q2 FY24, the company's revenue from operations stood at ₹615 crore, marking a 20% Y-o-Y growth from ₹512 crore in Q2 FY23.
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 H1 FY24, the company's revenue from operations was ₹1174 crore, marking a 14% -o-Y increase from ₹1034 crore in H1 FY23.
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 growth of 57% on a Y-o-Y.
AGI Greenpac said the continuous improvement in business is a result of an integrated approach, underpinned by an understanding of market dynamics, an improved and flexible product mix, a commitment to sustainability, and customer satisfaction.
Mr Sandip Somany, Chairman and Managing Director of AGI Greenpac, 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.”