AGI Greenpac Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 05:35 am EST
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AGI Greenpac Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 6,222.6 million compared to INR 5,673 million a year ago. Revenue was INR 6,254.5 million compared to INR 5,704 million a year ago. Net income was INR 628.2 million compared to INR 559.9 million a year ago. Basic earnings per share from continuing operations was INR 10.37 compared to INR 8.23 a year ago. Diluted earnings per share from continuing operations was INR 10.37 compared to INR 8.23 a year ago. Basic earnings per share was INR 10.37 compared to INR 8.21 a year ago. Diluted earnings per share was INR 10.37 compared to INR 8.21 a year ago.
For the nine months, sales was INR 17,960.1 million compared to INR 16,011.6 million a year ago. Revenue was INR 18,123.3 million compared to INR 16,084.5 million a year ago. Net income was INR 1,790 million compared to INR 1,779.7 million a year ago. Basic earnings per share from continuing operations was INR 28.86 compared to INR 23.64 a year ago. Diluted earnings per share from continuing operations was INR 28.86 compared to INR 23.64 a year ago. Basic earnings per share was INR 28.86 compared to INR 23.62 a year ago. Diluted earnings per share was INR 28.86 compared to INR 23.62 a year ago.
AGI Greenpac Limited is an India-based packaging products company. The Company's segments include Packaging Product Division, Investment Property and Others. The Packaging Product Division segment consists of container and specialty glass business, polyethylene terephthalate (PET) bottles business and security caps and closure business. 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 is engaged in the manufacturing of glass containers and specialty glass under the brand AGI Glaspac. Its PET bottles and products business under the brand AGI Plastek enables it to cater to the demands of the alco-beverages, food and soft drinks, pharmaceuticals, personal care, agro-chemicals, and dairy industry. Its AGI Clozures business is engaged in manufacturing of counterfeit resistant security caps and closures, with a primary focus on the alcoholic beverage industry.