AGI Greenpac posts the highest profitability ever
AGI Greenpac has announced its financial results for the fourth quarter and year ending March 31, 2023.
08 May 2023 | By Rahul Kumar
In Q4 FY23, the company delivered a strong performance and reported revenue from operations of Rs 680-crore, compared to Rs 432-crore in Q4 FY22, registering a robust growth of 58% on a YoY basis. The company delivered EBITDA of Rs 196-crore, registering a growth of 111% on a YoY basis with a margin of 29%. Net Profit from continued operation stood at Rs 96-crore, registering a growth of 152% on a YoY basis with margins of 14%.
In FY23, the company delivered a robust performance and reported revenue from operations of Rs 2,281-crore, compared to Rs 1,430-crore in FY22, registering a strong growth of 60%. The company delivered EBITDA of Rs 488-crore, registering a growth of 59%, with a margin of 21%. Net Profit stood at Rs 249-crore, registering a growth of 114% with margins of 11%.
The sales and profitability improved on a YoY and QoQ 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.
Sandip Somany, chairman and managing director, AGI Greenpac, said, “Rise in demand for the glass packaging containers from both the non-alcoholic and alcoholic beverage segments and our integrated business model and premium products helped us in delivering sustainable growth for the year.”
He added, “AGI Greenpac is a supply chain partner to various consumer brands, including pharmaceuticals, food, non-alcoholic & alcoholic beverages, cosmetics, and perfumery and is focused on creating value for all partners.”