Containers & Packaging company AGI Greenpac announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Revenue from Operations of Rs 625 crore
- EBITDA of Rs 156 crore
- Profit Before Tax (PBT) of Rs 89 crore.
FY24 Financial Highlights:
- EBITDA growth of 21% YoY, reaching Rs 588 Crore
- Revenue from Operations ascending to Rs 2,421 crore, marking a 6% increase compared to FY23.
- PBT stood at Rs 340 crore, compared to Rs 304 crore in FY23
Commenting on the results, Sandip Somany, Chairman and Managing Director, AGI Greenpac said, " Our consistent year-on-year growth reflects our unwavering focus on innovation, operational efficiencies, the introduction of new products, and a premium product mix. I am happy with our ability to not only meet but exceed expectations in challenging market conditions. The successful addition of capacity through debottlenecking in FY24 to meet increased demand underscores our commitment to operational excellence and customer satisfaction. Looking ahead, I am confident in our continued success and growth."