AGI Greenpac, a prominent player in the market, experienced a marginal dip of nearly 1% in its stock value, despite delivering robust financial results for the third quarter of 2023. The company’s standalone net sales for September 2023 reached Rs 615.28 crore, marking a substantial 20.04% increase from the same period last year, when it stood at Rs. 512.55 crore.
Notably, the quarterly net profit soared to Rs. 56.14 crore in September 2023, reflecting a remarkable 65.31% surge from Rs. 33.96 crore recorded in September 2022. Additionally, AGI Greenpac’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) experienced a robust growth, standing at Rs. 138.82 crore in September 2023, up by 58.85% from Rs. 87.39 crore in September 2022.
One of the key highlights was the rise in AGI Greenpac’s Earnings Per Share (EPS), which increased to Rs. 8.68 in September 2023, demonstrating a substantial improvement from Rs. 5.25 in the same month last year.
Despite the recent dip, AGI Greenpac’s shares had closed at 912.15 on October 25, 2023, as per the National Stock Exchange (NSE). Remarkably, the stock has yielded impressive returns, with a notable 130.52% increase over the last 6 months and a remarkable 181.92% surge over the past 12 months.
At 11:38 am the shares of the company were trading 1.04% lower at ₹896.95
