AGI Greenpac Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 27, 2023 at 05:44 am EST
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AGI Greenpac Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 5,673 million compared to INR 3,956.4 million a year ago. Revenue was INR 5,704 million compared to INR 3,987.7 million a year ago. Net income was INR 532.3 million compared to INR 294.4 million a year ago. Basic earnings per share from continuing operations was INR 8.23 compared to INR 4.55 a year ago. Diluted earnings per share from continuing operations was INR 8.23 compared to INR 4.55 a year ago. Basic earnings per share was INR 8.21 compared to INR 4.4 a year ago. Diluted earnings per share was INR 8.21 compared to INR 4.4 a year ago.
For the nine months, sales was INR 16,011.6 million compared to INR 9,979.4 million a year ago. Revenue was INR 16,084.5 million compared to INR 10,195.4 million a year ago. Net income was INR 1,529.5 million compared to INR 788.9 million a year ago. Basic earnings per share from continuing operations was INR 23.64 compared to INR 12.19 a year ago. Diluted earnings per share from continuing operations was INR 23.64 compared to INR 12.19 a year ago. Basic earnings per share was INR 23.62 compared to INR 10.84 a year ago. Diluted earnings per share was INR 23.62 compared to INR 10.84 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.
AGI GREENPAC LIMITED 
