Q3 2026 AGI Greenpac Ltd Earnings Call Transcript
Key Points
- AGI Greenpac Ltd (BOM:500187) reported a revenue increase to INR1,923 crore for the 9 months ending December 31, 2025, up from INR1,824 crore the previous year.
- The company completed the repayment of remaining ECB loans, resulting in nil ECB borrowing, strengthening its financial position.
- Capacity utilization in the container glass segment remains strong at around 95%, indicating efficient operations.
- The specialty glass business saw a significant improvement in sales realization, increasing by INR900 per ton versus Q2 FY26 and INR6800 per ton compared to Q3 FY25.
- The company is advancing its strategic entry into the aluminum beverage can segment, with equipment procurement in the final stages for an annual capacity of 1.6 billion cans.
- EBITDA for the 9 months ending December 31, 2025, was slightly lower at INR484 crore compared to INR497 crore in the previous period.
- EBITDA margins were lower compared to the same period last year due to muted volume in certain product categories and adjustments in average sales realization.
- The commercial glass business experienced subdued volume this quarter, particularly in the beer segment due to seasonal factors and temporary deferment of deliveries.
- Revenue growth for the first 9 months was only 5.4%, below the company's 8% to 10% growth target.
- The company faces potential challenges from fluctuating raw material costs, which can impact profitability.
Good afternoon, ladies and gentlemen. Welcome to AGI Limited's Q3 FY26 earnings conference call. (Operator Instructions)
I now hand the conference over to Mr. Navin Agarwal, Head Institutional Equities at SKP Securities Limited. Thank you and over to you, sir.
Good afternoon, ladies and gentlemen. It's a pleasure to welcome you on behalf of AGI Greenpac Limited and SKP Securities to this financial results conference call.
We have with us Mr. Rajesh Khosla, President and CEO; Mr. Sandeep Sikka, Group CFO; Mr. Om Prakash Pandey, CFO. We'll have the opening remarks from Mr. Om Prakash Pande followed by the Q&A session. Thank you and over to you, Mr. Pandey
Good evening, everyone and thank you for joining the AGI Greenpac Q3 FY26 earning call. For those following along, our detailed, earning presentation is already available on our website and on the stock exchange
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