&w=3840&q=100)
AGI Greenpac share skyrockets 15% as Q1 profit zooms 41% YoY; details here
At 1:00 PM, AGI Greenpac share price was trading 13.38 per cent higher at ₹961.15 per share. In comparison, BSE Sensex was trading 0.17 per cent higher at 82,337.71 levels.
Why did AGI Greenpac share price rally today?
AGI Greenpac share price surged today following the company's robust financial performance in the first quarter of FY26 (Q1FY26).
Net profit jumped 41 per cent year-on-year (Y-o-Y) to ₹89 crore in Q1FY26, as compared to ₹63 crore in Q1FY25. Total income rose 25 per cent Y-o-Y to ₹721 crore, from ₹577 crore in Q1FY25.
At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) climbed 20 per cent Y-o-Y to ₹176 crore in Q1FY26, as against ₹147 crore in Q1FY25.
Sandip Somany, chairman and managing director, AGI Greenpac said, " Q1FY26 has set a strong foundation for the year. We solidified our financial position and achieved significant efficiencies throughout our operations. As we progress, our focus remains sharp on executing with agility, strengthening our strategic relationships, and consistently delivering sustainable value to all our stakeholders.'
The strong June quarter show was driven by operational efficiency gains, an upgraded product mix favouring high-margin segments like cosmetics, perfumery, and alcohol, and deepened customer relationships. AGI's strategic execution across key areas helped fuel its growth momentum.
Adding to the optimism, the company's board approved its entry into the aluminum cans business – marking a major diversification move. The new plant in Uttar Pradesh, with a total investment of ₹1,000 crore in two phases, is expected to begin operations by Q3FY28, with initial annual capacity of 950 million cans, expandable to 1.6 billion by FY30.
The expansion aligns with AGI's broader growth strategy, including its ₹700 crore greenfield glass plant in Madhya Pradesh, which will increase glass manufacturing capacity from 2,100 to 2,600 tonnes per day.
Scheduled to be operational by March 2027, the plant is expected to further boost sales and profitability.
'We are strategically entering the aluminum cans segment with the clear goal of becoming a top player in this market within a decade, solidifying AGI Greenpac as a truly comprehensive packaging solutions provider. This new venture offers strong synergies with our existing glass packaging business. Both categories serve the alcohol and F&B industries, allowing for leveraging existing customer relationships, distribution networks, and supply chain efficiencies. We are excited about the future, knowing that our success is tied to the purposeful investments we are making in the innovative solutions that will directly fuel our next stage of growth,' Somany added.
About AGI Greenpac
AGI Greenpac is India's leading container glass manufacturer, offering a wide-ranging portfolio that includes PET bottles, packaging products, and anti-counterfeiting security closures. With seven strategically positioned manufacturing facilities across the country, the company caters to more than 500 globally renowned institutional clients.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 hours ago
- Time of India
ET Market Watch: IT stocks crash, markets lose Rs 2.3 lakh crore; Trump's Fed visit jolts sentiment
Transcript Hi, you're listening to ET Markets Radio, I'm your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch, where we bring you the top stories from Dalal Street every single day. Here's what made the markets tumble: Indian benchmark indices ended sharply lower today. The BSE Sensex fell 542 points to close at 82,184, while the Nifty50 lost 158 points, ending at 25,062. Early in the day, the Sensex had plunged over 680 points as weak earnings and global worries weighed heavily on sentiment. The damage? A massive ₹2.3 lakh crore wiped off in market cap, bringing the total valuation of BSE-listed companies to ₹458.05 lakh crore. The biggest culprit? IT stocks. The Nifty IT index slumped 2.2%, leading the sectoral losses. Coforge tanked nearly 9% after posting weak margins and negative free cash flow. The company spent $85 million on capex — most of it to build a new AI data centre, a strategic shift from asset-light to asset-heavy. Persistent Systems missed its growth targets, deal wins were flat, and it deferred wage hikes. The stock fell over 8%. Even Infosys dropped 1.4% after a muted Q1. Other sectors like realty, FMCG, financial services, and private banks also saw losses between 0.5% and 1.1%. Broader markets didn't hold up either, with midcaps and smallcaps also in the red. In a surprise development, the White House announced that President Donald Trump will visit the Federal Reserve, a highly unusual move. This escalated concerns of political interference, rattling global investors ahead of the next Fed policy meet. While the US central bank is expected to hold rates steady, the political overhang created fresh uncertainty. And if that wasn't enough, there's tension on the trade front too. An interim trade deal between India and the US before the August 1 deadline now looks unlikely. Talks have stalled over tariff cuts on key agricultural and dairy products. Back in April, Trump had threatened a 26% tariff on Indian imports, which was paused temporarily. That pause ends next week and India has yet to receive a formal exemption letter. A US delegation is expected in New Delhi soon but so far, no breakthrough. To sum it up: -IT earnings disappointed -Global nerves were frayed by Trump's Fed visit -Trade deal hopes dimmed That's a tough mix for any market to digest. Thanks for tuning in to ET Market Watch. I'm Neha Vashishth and I'll catch you tomorrow with more key insights from the markets. Until then, take care and invest wisely.
Indian Express
5 hours ago
- Indian Express
Stocks to Watch on Friday, July 25: Reliance Power, Reliance Infra, REC, Nestle India, Wipro and more
Stocks to Watch: Shares of several companies will remain in focus on Friday (July 25) including Wipro, Canara Bank, Nestle India, Reliance Power, Reliance Infra, REC, NTPC, etc. On Thursday, equity markets fell, with the benchmark Sensex tumbling 542.47 points, amid profit-taking in blue-chip stocks and foreign fund outflows. Despite a positive start, the 30-share BSE Sensex failed to carry forward the momentum and fell later in the trade. The benchmark tanked 542.47 points, or 0.66 per cent, to settle at 82,184.17. During the day, it tumbled 679.42 points, or 0.82 per cent, to 82,047.22. As many as 2,410 stocks declined, while 1,645 advanced and 166 remained unchanged on the BSE. IT services firm Wipro on Thursday said it has bagged a multi-year strategic contract from Saudi Electricity Company (SEC)'s wholly-owned subsidiary National Grid to design and implement a Smart Meter Data Management (MDM) system. Wipro will be responsible for designing, developing, implementing, and supporting a robust MDM system for the Saudi national electricity transmission network, the company said in a statement. SBI Life Insurance reported a 14 per cent growth in net profit to Rs 590 crore for the June quarter of the current financial year. The company's profit after tax stood at Rs 520 crore in the April-June quarter of previous financial year. The total income of the company improved to Rs 38,696 crore as against Rs 34,392 crore in the same period a year ago, SBI Life Insurance said in a regulatory filing. New business premium of the insurance firm rose to Rs 7,270 crore during the period under review compared to Rs 7,033 crore in the June 2024 quarter. UTI Asset Management Company (AMC) posted a 7 per cent decline in its consolidated profit after tax to Rs 237 crore for the quarter ended June 2025. The company had posted a profit after tax of Rs 254 crore in the same quarter of the preceding fiscal (2024-25). Its revenues from operations rose 3 per cent to Rs 547 crore in the quarter under review from Rs 529 crore in the April-June quarter of FY25, according to an exchange filing. Canara Bank posted a 22 per cent growth in standalone net profit to Rs 4,752 crore during the first quarter of the current financial year, supported by a decline in bad loans. The Bengaluru-based bank had earned a net profit of Rs 3,905 crore in the same quarter of the previous fiscal year. The total income rose to Rs 38,063 crore during the June quarter from Rs 34,020 crore in the same quarter of FY25, Canara Bank said in a regulatory filing. Aether Industries on Thursday reported a 57 per cent jump in its consolidated profit after tax to Rs 47.02 crore in the June quarter. Its profit after tax (PAT) stood at Rs 29.93 crore during the corresponding period of the preceding fiscal, the company said in a regulatory filing. Revenue from operations of the company witnessed 42 per cent growth during the quarter under review at Rs 256.13 crore against Rs 180.01 crore in the same period a year ago. Nestle India Ltd reported a 13.4 per cent decline in consolidated net profit to Rs 646.59 crore for the June 2025 quarter, mainly impacted by high commodity prices. The company had posted a net profit of Rs 746.6 crore a year ago, according to a regulatory filing by Nestle India, which owns popular brands such as Maggi, NESCAFE and KitKat. Its revenue from the sale of products increased 5.86 per cent to Rs 5,073.96 crore in the April-June quarter. It was Rs 4,792.97 crore in the corresponding period of the last financial year. Shares of Reliance Power, Reliance Infra will remain in focus following raids by the Enforcement Department on Thursday. The raid was a part of an alleged Rs 3,000 crore loan fraud relating to a money laundering case against the companies linked to Reliance Group Chairman Anil Ambani. State-owned REC Ltd posted a 29 per cent rise in its consolidated net profit to Rs 4,465.71 crore June quarter compared to the year-ago period, mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 3,460.19 crore in the quarter ended on June 30, 2024, a BSE filing stated. Total income rose to Rs 14,823.98 crore in the quarter from Rs 13,092.44 crore in the same period a year ago. NTPC on Thursday said it has received shareholders' approval to raise up to Rs 18,000 crore through issue of non-convertible debentures on a private placement basis. The fund will be raised in up to 12 tranches, through a private placement during the period commencing from the date of passing of the special resolution till completion of one year thereof, according to a regulatory filing. CG Power and Industrial Solutions on Thursday posted nearly 11 per cent increase in its consolidated net profit to Rs 267 crore in the June quarter compared to a year ago, mainly on the back of higher revenues. Aggregate sales for the quarter were up at Rs 2,878 crore at a growth of 29 per cent compared to Rs 2,228 crore in the same period a year ago, stated a company statement. According to the statement, consolidated profit after tax (PAT or net profit) was 11 per cent higher at Rs 267 crore for the quarter as against Rs 241 crore in Q1FY25. Aditya Birla Sun Life AMC, part of Aditya Birla Capital, on Thursday posted an 18 per cent increase in profit after tax to Rs 277.1 crore for the three months ended June 2025. In comparison, the asset management firm had posted a profit after tax (PAT) of Rs 236 crore in the same quarter of the preceding fiscal. The company's revenue from operations rose 16 per cent to Rs 447.4 crore in the quarter under review from Rs 386.6 crore in the April-June quarter of the preceding fiscal (2024-25), Aditya Birla Sun Life AMC (ABSL AMC) said in a regulatory filing. Cement maker ACC Ltd on Thursday reported a 4.35 per cent increase in its consolidated net profit to Rs 375.42 crore for the June 2025 quarter, helped by volume gains and operational efficiencies. The company had posted a profit of Rs 359.74 crore in the April-June quarter a year ago, according to a regulatory filing by ACC, now a part of Adani Cement. Its revenue from operations rose 18 per cent to Rs 6,035.11 crore. It was Rs 5,113.05 crore in the corresponding period a year ago. ACC's total expenses in the June quarter surged 16.84 per cent to Rs 5,594.25 crore. State-owned Indian Bank on Thursday posted a 24 per cent rise in net profit to Rs 2,973 crore in the first quarter of the current financial year. The Chennai-based lender had earned a net profit of Rs 2,403 crore in the same quarter of the previous fiscal year. The total income rose to Rs 18,721 crore during the June quarter of 2025-26 from Rs 16,945 crore in the same period of FY25, Indian Bank said in a regulatory filing. Snacks manufacturer Bikaji Foods International Ltd has reported a 1.3 per cent increase in consolidated net profit to Rs 58.52 crore in the quarter ended in June 30, of this financial year. The company had posted a consolidated profit of Rs 57.77 crore in the April-June quarter a year ago, according to a regulatory filing from Bikaji Foods. Its revenue from operation was up 14.86 per cent to Rs 637.05 crore in the June quarter. It was at Rs 554.59 crore a year ago. Total expenses of Bikaji Foods in the June quarter were up 16.7 per cent to Rs 584.09 crore. (With inputs from PTI)
Mint
8 hours ago
- Mint
LIC-owned NBFC stock Paisalo Digital jumps 10% despite weak Indian stock market. Do you own?
Shares of Paisalo Digital jumped over 10% in intraday trade on Thursday, extending their winning streak to the third straight session. The LIC-owned non-banking finance company (NBFC) defied the weak Indian stock market trend and surged following the announcement of the record date for the final dividend. The small-cap stock also remains in focus following the announcement of its Q1 results for the quarter ended June 30 earlier this week. The small-cap NBFC on Thursday announced that the company has fixed Monday, September 22, 2025, as the record date for determining the entitlement of members to the final dividend for the financial year ended March 31, 2025. The company, along with its March quarter earnings, in May had announced a dividend@10% of ₹ 0.10 apiece for fully paid equity share of ₹ 1/- each. The payment of the final dividend as recommended by the Board of Directors is subject to the approval of the shareholders in the ensuing 33rd Annual General Meeting scheduled to be held on Monday, September 29, 2025. Paisalo Digital, meanwhile, on Monday, July 21, announced a 13.5% year-on-year jump in its net profit to ₹ 47 crore for the first quarter of FY26, as against ₹ 41.5 crore in the same period last year. The company also posted a 17.2% YoY rise in total income at ₹ 218.71 crore, compared to ₹ 186.55 crore in Q1FY25. Interest income stood at ₹ 200.88 crore, marking a 21.7% growth from the year-ago figure of ₹ 165.09 crore. However, fee and commission income declined slightly to ₹ 17.37 crore from ₹ 20.06 crore. Small-cap stock below ₹ 50 – Paisalo Digital – jumped as much as 10.30% to ₹ 35.10 on the BSE. At the same time, the BSE Sensex was down almost 0.60%. This is the third straight session of gains for the LIC-owned NBFC stock, with the scrip rallying nearly 15% during this period. Paisalo Digital share price has gained in seven out of the last eight trading sessions, resulting in an 11% rise in July so far. LIC owns 77,59,511 shares of Paisalo Digital, representing a 1.12% stake as of the June 2025 quarter.
