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In Q2 FY25, AGI Greenpac posts EBITDA of Rs 166 crore up by 20% Y-o-Y and PAT of Rs 72 crore up by 28%
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Tuesday, 12 November, 2024, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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AGI Greenpac Limited, a focused Packaging Products company, announced its financial results for the quarter ending September 30, 2024. In Q2FY25, the company's Revenue from Operations remained steady at Rs 599 crore. EBITDA stood at Rs 166 crore, reflecting a 20% Y-o-Y with a 28% margin. Profit after Tax reached Rs 72 crore, registering a growth of 28% on a Y-o-Y.
In H1FY25, the company's Revenue from Operations reached Rs 1166 crore. EBITDA stood at Rs 313 crore, registering a growth of 12% on a Y-o-Y basis with a 27% margin. Profit after Tax reached Rs 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 utilisation of around 93%. Secondly, a focus on cost efficiency, including optimising production processes and supply chain management, resulted in improved margins. Thirdly, by strengthening partnerships with customers and tailoring offerings to meet specific needs, it has been able to maintain a strong market presence.
Sandip Somany, chairman and managing director, AGI Greenpac Limited, said, “Our strategic focus on operational efficiencies, capacity utilisation, 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.”
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