Latest news with #SandipSomany
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Business Standard
22-07-2025
- Business
- Business Standard
AGI Greenpac share skyrockets 15% as Q1 profit zooms 41% YoY; details here
AGI Greenpac share price: Glass container company AGI Greenpac shares were buzzing in trade on Tuesday, July 22, 2205, with the scrip zooming up to 15.48 per cent to an intraday high of ₹979 per share. 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.
Hans India
08-07-2025
- Business
- Hans India
Truflo by Hindware Inaugurates State-of-the-Art Roorkee Plant and Commences Trial Production
Truflo by Hindware, the fastest-growing brand in the plastic pipes and fittings segment, today announced the inauguration of its new state-of-the-art manufacturing plant in Roorkee, Uttarakhand. With this development, trial production at the plant is officially underway. As the company's third plant, this strategic expansion marks a key milestone designed to strengthen Truflo's long-term growth trajectory and meet India's rising demand for high-quality plastic piping solutions. The plant was inaugurated by Mr. Sandip Somany, Chairman, Somany Impresa Group, and Shashvat Somany, Strategy Head, Somany Impresa Group. Backed by an investment of ~₹170 crore, the new Roorkee plant is built to support an initial production capacity of 12,500 tonnes per annum (TPA). The plant's strategic location is set to significantly enhance the company's manufacturing footprint and distribution efficiency across North and West regions in India. With the opening of this new plant, the company's total annual production capacity, including the existing Sangareddy plant, will reach 80,500 TPA, strengthening its overall manufacturing capability and operational reach. The new plant will manufacture a comprehensive range of CPVC, UPVC, and SWR, PVC pipes & fittings and overhead water storage tanks. Beyond its production capabilities, the new facility is also poised to be a contributor to the local economy and will generate up to 200 direct and indirect jobs in the region. Commenting on the inauguration, Sandip Somany, Chairman, Somany Impresa Group said, 'I am proud to see our vision for expanded capacity progressing with the start of trial production at our Roorkee plant. Achieving this significant expansion within seven years of setting up our first plant in Sangareddy is a testament to our team's dedication and spirit. This new facility significantly enhance our capacity, reinforcing our commitment to delivering superior quality products and solidifying Truflo's leadership as the fastest-growing brand in the Indian plastic pipes and fittings market.' Rajesh Pajnoo, CEO, Truflo by Hindware Limited added, 'The start of trial production at the Roorkee plant marks a significant step in strengthening our manufacturing and distribution capabilities. This strategic expansion will play a key role in deepening our market penetration in North and West India, ensuring that our expansive piping solutions are readily available to meet diverse customer needs.' Truflo by Hindware's network of 320+ distributors and 30,000+ dealers ensure widespread product availability nationwide. Complementing this, the company fosters strong market connections and brand recall through strategic engagement with the plumbing community, including training forums and a database of over 100,000 plumbers.
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Business Standard
01-07-2025
- Business
- Business Standard
Hindware inaugurates ₹170 cr piping products plant in Uttarakhand's Roorkee
Hindware on Tuesday said it has inaugurated its third manufacturing facility at Roorkee in Uttarakhand. The new facility will manufacture a wide range of CPVC, UPVC, SWR and PVC pipes and fittings, as well as overhead water storage tanks, the company said in a statement. Truflo is the brand from Hindware in the plastic pipes and fittings segment. The plant, backed by an investment of approximately Rs 170 crore, will have an initial capacity of 12,500 tonnes per annum (TPA). With this addition, the company's total annual production capacity, including the existing Sangareddy unit, rises to 80,500 TPA. Strategically located to serve North and West India, the Roorkee plant is expected to enhance Truflo's manufacturing footprint and distribution efficiency. It will also generate around 200 direct and indirect jobs. This expansion reinforces our commitment to quality and strengthens our leadership in the plastic piping market, said Sandip Somany, Chairman, Somany Impresa Group. The company's network includes over 320 distributors and 30,000 dealers, supported by deep engagement with more than 1 lakh plumbers across the country.
Business Standard
15-05-2025
- Business
- Business Standard
Agi Greenpac records PAT of Rs 97 crore in Q4; EBITDA margin at 27%
Agi Greenpac has reported 50% rise in consolidated net profit to Rs 97 crore in Q4 FY25 from Rs 65 crore in Q4 FY24. Consolidated revenue grew by 13% year-over-year (YoY) to Rs 705 crore during the fourth quarter. The company's EBITDA for the period under review stood at Rs 191 crore, up 23% from Rs 156 crore from the same period last year. EBITDA margin for Q4 FY25 was 27%. For FY25, Agi Greenpac has registered a consolidated net profit of Rs 322 crore (up 28% YoY) and revenue from operations of Rs 2,529 crore (up 5% YoY). The company stated that its success in FY25 resulted from its strategic focus and careful execution in several key areas. The company enhanced its production capabilities through targeted debottlenecking, allowing it to meet growing demand effectively. Alongside these operational improvements, the company continued to strengthen its relationships with key customers while strategically growing its presence in the higher margin cosmetics, perfumery, and alcohol markets, leveraging its improved R&D and decoration facilities. The company proposed setting up of a manufacturing plant in Madhya Pradesh with a daily capacity of 500 tonnes, projected to increase the company's production capacity by approximately 25%, with an investment of nearly Rs 700 crore. This strategic move aims to capitalize on the growing demand for glass packaging in the food, beverage, and pharmaceutical sectors. Sandip Somany, chairman and managing director, AGI Greenpac, said: "Our strong performance this year reflects our focus on innovation, operational efficiencies, and delivering a premium product mix. Looking ahead, we are making strategic investments to enhance our capacity and better serve our customers. The proposed state-of-the-art in Madhya Pradesh will increase our current capacity by 25% and will help us in meeting the growing demand for high-quality glass containers in North India. 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 shed 0.72% to currently trade at Rs 838.25 on the BSE.
Yahoo
01-04-2025
- Business
- Yahoo
AGI Greenpac to invest $82m in new glass plant in Madhya Pradesh, India
AGI Greenpac, an Indian packaging products company, has revealed plans to invest Rs7bn ($81.8m) to build a new glass-manufacturing unit in the Indian state of Madhya Pradesh. Once completed, the new facility will not only help meet the demand for premium glass packaging in India, but will also boost the company's production capacity for container glass by 25%. The proposed facility will be able to produce 500 tonnes (t) of container glass daily. It will primarily focus on manufacturing glass containers for industries such as alcoholic drinks, food, and pharmaceuticals. The company aims to initiate production within the next two years, ensuring it meets the market's evolving needs on time. Madhya Pradesh was selected for the opening of the new unit due to its central location and easy access to the necessary raw materials, which will help optimise production. According to the company, the new plant will feature advanced manufacturing processes and environmentally sustainable practices as part its commitment to reducing its environmental footprint while driving long-term expansion. The new facility will complement the company's current operations in Telangana. The project is expected to create more than 1,000 employment opportunities, both direct and indirect, which will in turn contribute to local economic growth. AGI Greenpac chair and managing director Sandip Somany said: 'Madhya Pradesh's favourable business environment and strategic location align with our growth strategy. 'This state-of-the-art plant will enable us to meet the rising demand for tailored glass packaging solutions, providing our customers with enhanced quality products and will further expand our share in the Indian container glass market.' In December last year, AGI Greenpac opened its new regional office in Dubai, United Arab Emirates, boosting its Middle East expansion. "AGI Greenpac to invest $82m in new glass plant in Madhya Pradesh, India" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
