AGI Greenpac Posts The Highest Profitability Ever With Revenue From Operations In FY23
~Q4 FY23 Revenue from Operations up by 58% to ₹680 crore, EBITDA up 111% to ₹196 crore on a Y-o-Y~
AGI Greenpac Limited, a focused Packaging Products company in India announced its financial results for the fourth quarter and year ending March 31, 2023.
In Q4 FY23, the Company delivered a strong performance and reported Revenue from Operations of ₹680 crore, compared to ₹432 crore in Q4FY22, registering a robust growth of 58% on a Y-o-Y basis. The Company delivered EBITDA of ₹196 crore, registering a growth of 111% on a Y-o-Y basis with a margin of 29%. Net Profit of continued operation stood at ₹96 crore, registering a growth of 152% on a Y-o-Y basis with margins of 14%.
In FY23, the Company delivered a robust performance and reported Revenue from Operations of ₹2,281 crore, compared to ₹1,430 crore in FY22, registering a strong growth of 60% on a Y-o-Y basis. The Company delivered EBITDA of ₹488 crore, registering a growth of 59% on a Y-o-Y basis with a margin of 21%. Net Profit stood at ₹249 crore, registering a growth of 114% on a Y-o-Y basis with margins of 11%.
The sales and profitability improved on a Y-o-Y and Q-o-Q basis an improved product mix, and an increase in demand for the non-alcoholic & alcoholic beverages and packed food segment for the glass containers products.
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.”
About AGI Greenpac Limited (formerly known as HSIL):
AGI Greenpac Limited (formerly known as HSIL) a focused Packaging Products Company that manufactures and markets various packaging products, including glass containers and Polyethylene Terephthalate (PET) bottles, products & security caps, and closures. Packaging Products Division has seven plants in India, located across Telangana, Uttarakhand, and Karnataka. This Division has a comprehensive product range, catering to 500+ globally acclaimed institutional clients in India.