AGI Greenpac Ltd.
Q3FY23 Quarterly Result Announced for AGI Greenpac Ltd.
Furniture paints firm AGI Greenpac announced Q3FY23 results:
- Q3FY23:
- Revenue from operations stood at Rs 567 crore, registering a growth of 43% on a YoY basis
- Operating EBITDA stood at Rs 113 crore, registering a growth of 39% on a YoY basis with margins of 20%
- Net profit stood at Rs 53 crore, registering a growth of 81% on a YoY basis with margins of 9%
- 9MFY23:
- Revenue from operations stood at Rs 1,601 crore, registering a growth of 60% on a YoY basis
- Operating EBITDA stood at Rs 292 crore, registering a growth of 37% on a YoY basis with margins of 18%
- Net profit stood at Rs 153 crore, registering a growth of 94% on a YoY basis with margins of 10%
Commenting on the quarterly results, Mr. Sandip Somany, Chairman and Managing Director, AGI Greenpac Limited said, “AGI Greenpac growth was broad-based on our agile business model, improved product mix. A rise in demand for packed food, non-alcoholic beverage, and beer segment continued to propel growth for our packaging products in this quarter as well.”
He further added,” “We are confident of the market and continuing domestic consumption augurs well for our high-end and value-added products produced from our 154 tonnes manufacturing facility in Telangana.”