AGI Greenpac Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 26, 2023 at 06:05 am EDT
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AGI Greenpac Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 6,152.8 million compared to INR 5,123.1 million a year ago. Revenue was INR 6,199.4 million compared to INR 5,146.7 million a year ago. Net income was INR 561.4 million compared to INR 339.6 million a year ago. Basic earnings per share from continuing operations was INR 8.68 compared to INR 5.25 a year ago. Diluted earnings per share from continuing operations was INR 8.68 compared to INR 5.25 a year ago. Basic earnings per share was INR 8.68 compared to INR 5.25 a year ago. Diluted earnings per share was INR 8.68 compared to INR 5.25 a year ago.
For the six months, sales was INR 11,737.5 million compared to INR 10,338.6 million a year ago. Revenue was INR 11,868.8 million compared to INR 10,380.5 million a year ago. Net income was INR 1,196.3 million compared to INR 997.4 million a year ago. Basic earnings per share from continuing operations was INR 18.49 compared to INR 15.42 a year ago. Diluted earnings per share from continuing operations was INR 18.49 compared to INR 15.42 a year ago. Basic earnings per share was INR 18.49 compared to INR 15.42 a year ago. Diluted earnings per share was INR 18.49 compared to INR 15.42 a year ago.
AGI Greenpac Limited is an India-based packaging products company. The Company's business segments include Packaging Product Division, Investment Property and Others. The Packaging Product Division segment is engaged in the manufacturing and marketing of various packaging products, including containers and specialty glass, polyethylene terephthalate (PET) bottles and products, and security caps and closures. The Investment Property segment consists of land and buildings owned by the Company and given on lease. The Others segment includes wind power generation and other activities. It manufactures glass containers and specialty glass under the brand AGI Glaspac. The Company conducts PET bottles and products business under the brand, AGI Plastek. It is engaged in the production of security caps and closures under the brand, AGI Clozures. It serves various industries such as food, pharmaceuticals, soft drinks, alco-beverages, personal care, agro-chemicals and dairy industry.