In Q2 FY25, AGI Greenpac Limited posts EBITDA of Rs 166 crore up by 20% Y-o-Y and PAT of Rs 72 crore up by 28%
Gurugram, India, November 8th, 2024: AGI Greenpac Limited, a focused Packaging Products company, today announced its financial results for the quarter ending September 30th, 2024.
In Q2FY25, the Company’s Revenue from Operations remained steady at ₹599 crore. EBITDA stood at ₹166 crore, reflecting a 20% Y-o-Y with a 28% margin. Profit after Tax reached ₹72 crore, registering a growth of 28% on a Y-o-Y.
In H1FY25, the Company’s Revenue from Operations reached ₹1166 crore. EBITDA stood at ₹313 crore, registering a growth of 12% on a Y-o-Y basis with a 27% margin. Profit after Tax reached ₹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.
Commenting on the results, Mr. Sandip Somany, Chairman and Managing Director, AGI Greenpac Limited 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.”
