Total income during the period under review rose by 20.5% year-on-year to Rs 619.9 crore.

EBITDA improved by 59.1% to Rs 138.8 crore in Q2 FY24 from Rs 87.2 crore in Q2 FY23.

The company said that its performance for the second quarter driven by high sales, volume and improvement in realization.

Glass containers business continues to report growth on the back of improved product mix. Volumes were driven by increased demand from beer, liquor and non-alcoholic segments. Glass container capacity utilisation during the quarter exceeded 95% as compared to 93% in the in the last year.

The company has forayed into export markets such as the EU, Canada, and South Africa with niche products.

AGI Greenpac's net debt as on 30 September 2023 was Rs 557.9 crore as against Rs 819.3 as on 30 September 2022.

Net debt to equity ratio was 0.33x as on 30 September 2023 as against 0.56x as on 30 September 2022.

Agi Greenpac is a focused packaging products company that caters to non-alcoholic beverages, alcoholic beverages, pharmaceuticals, perfumery, cosmetics and F&B industries.

The scrip fell 1.19% to currently trade at Rs 900.10 on the BSE.