Q2FY23 Quarterly Result Announced for AGI Greenpac Ltd.
Diversified consumer services company AGI Greenpac announced Q2FY23 results: H1FY23: Revenue from Operations stood at Rs.1034 crore, registering a growth of 72% on a YoY basis Operating EBITDA stood at Rs.180 crore, registering a growth of 35% on a YoY basis with margins of 17% Net Profit stood at Rs.100 crore, registering a growth of 101% with margins of 10% Q2FY23: Revenue from Operations stood at Rs.513 crore, registering a growth of 66% on a YoY basis Operating EBITDA stood at Rs.87 crore, registering a growth of 17% on a YoY basis with margins of 17% Net Profit stood at Rs.34 crore, registering a growth of 9% with margins of 7% Commenting on the quarterly results, Mr Sandip Somany, Vice Chairman and Managing Director, AGI Greenpac Limited said, “AGI Greenpac continues to deliver strong performance despite rising inflation, energy cost and currency fluctuations owing to our agile business model, improved operational efficiencies and strong connection with our customers.” He further added, “Despite a challenging macro-economic scenario, we expect the growth in demand for our packaging products to continue. Going forward, we will continue to focus on improving the product mix, and manufacturing high-end and value-added products with high margins. We remain confident in our ability to consistently deliver while growing sustainably across products and business segments.” Result PDF31-10-2022
