AGI Greenpac Q1 FY27 profit rises 12% to ₹99 cr

Key takeaway from the June quarter

AGI Greenpac Limited reported a higher consolidated profit for the quarter ended June 30, 2026 (Q1 FY27), supported by strong growth in revenue from operations. Consolidated net profit rose to ₹99.35 crore, up from ₹88.85 crore in Q1 FY26. Revenue from operations increased to ₹785.27 crore from ₹687.66 crore, a year-on-year rise of 14.2%.

The quarter also highlighted a sharp fall in other income, which declined to ₹8.96 crore from ₹33.50 crore last year. That drop meant the bottom line did not fully mirror the pace of operating revenue growth, even as core segment sales remained strong.

Consolidated numbers: revenue up, profitability steady

AGI Greenpac’s consolidated EBITDA stood at ₹183.79 crore, compared with ₹175.52 crore in Q1 FY26. While EBITDA grew 4.7% year-on-year, it lagged the 14.2% increase in revenue from operations.

Net profit growth came in at 11.8% year-on-year, taking consolidated PAT to ₹99.35 crore. The company’s results show that the operational improvement was clear on the topline, but non-operating items moved unfavourably versus the same quarter last year.

Packaging products segment drove most of the sales

The packaging products segment remained the primary revenue driver in Q1 FY27. Segment revenue was ₹779.84 crore, up from ₹682.27 crore in Q1 FY26. With consolidated revenue from operations at ₹785.27 crore, the segment accounted for almost the entire operating revenue base.

The segment-led mix indicates that the company’s quarterly performance continued to be tied closely to packaging demand and pricing, rather than a broad-based contribution from multiple segments.

Other income plunged, despite a property sale gain

Other income fell sharply to ₹8.96 crore in Q1 FY27 from ₹33.50 crore a year earlier, a decline of 73.2%. The company disclosed that other income for the current quarter included a ₹4.36 crore gain on sale of an investment property.

Even with that gain, other income remained much lower than Q1 FY26, making it a key swing factor in year-on-year comparability.

Standalone performance broadly matched consolidated

On a standalone basis, AGI Greenpac reported net profit of ₹99.58 crore, marginally higher than the consolidated figure. Standalone revenue also stood at ₹785.27 crore, matching consolidated revenue from operations.

Earnings per share (basic) was reported at ₹15.36 in Q1 FY27, compared with ₹13.73 in Q1 FY26.

Stock snapshot: price, range, and listings

AGI Greenpac trades on both NSE and BSE under the symbols AGI (NSE) and 500187 (BSE). The share price cited was ₹707.45.

The stock’s intraday and 52-week levels provided alongside the results indicate a wide trading band over the past year.

Financial highlights table: Q1 FY27 vs Q1 FY26

The quarter-on-quarter narrative was not provided for Q1 FY27, but the year-on-year comparison for Q1 FY27 against Q1 FY26 shows a clear rise in operating revenue and profit, with a weaker contribution from other income.

Recent quarterly operating backdrop (selected line items)

The data set also included recent quarterly net sales and expenditure figures up to March 2026. Net sales were ₹742.39 crore in March 2026, after ₹633.69 crore in December 2025 and ₹601.58 crore in September 2025. Total expenditure was ₹589.27 crore in March 2026, following ₹483.19 crore in December 2025.

Separately, FY26 revenue from operations was stated at ₹2,665.32 crore, up 5.40% from ₹2,528.82 crore in FY25.

What management has guided on growth, margins, and capex

In commentary included with the broader information set, AGI Greenpac indicated it expects FY27 growth of around 8% to 9%, described as volume-based. It also stated a margin guidance excluding non-operating income in the range of 24% to 25% over a 12 to 18 month view.

On investment plans, the company had earlier announced a ₹1,000 crore investment plan for aluminium beverage cans. Another update in the same information set suggested that a major portion of spending could be around ₹1,100 crore to ₹1,200 crore in the next year, with remaining spend in FY28, linked to the can side of the business. It also stated it had spent around ₹60 crore to ₹70 crore on land acquisition, ground studies and related work.

Credit profile data points mentioned

The material also referenced bank facility ratings. Long-term bank facilities of ₹934.00 crore (reduced from ₹954.00 crore) were reaffirmed at CARE AA- with a Stable outlook. Short-term bank facilities of ₹300.00 crore (enhanced from ₹280.00 crore) were reaffirmed at CARE A1+.

Market impact: what changed for investors this quarter

From a market perspective, the quarter’s headline is the divergence between strong operating revenue growth and a sharp fall in other income. Operating revenue rose 14.2% year-on-year to ₹785.27 crore, while other income fell to ₹8.96 crore.

For investors tracking earnings quality, the segment split matters because packaging products alone contributed ₹779.84 crore of revenue, indicating that performance continued to be concentrated in the core business. Meanwhile, the basic EPS improved to ₹15.36 from ₹13.73, aligning with the rise in standalone profit.

Analysis: why the Q1 FY27 print matters

The results show that demand and/or pricing in the core packaging products segment remained supportive, as seen in the year-on-year jump in segment sales from ₹682.27 crore to ₹779.84 crore. But the quarter also underlines how non-operating lines can affect year-on-year comparability, especially when the base period includes higher other income.

The reported ₹4.36 crore gain from the sale of an investment property contributed to other income in Q1 FY27, yet overall other income still fell materially from Q1 FY26. That difference helps explain why EBITDA and profit growth did not track the topline growth rate.

Conclusion

AGI Greenpac’s Q1 FY27 results showed higher profit and a strong rise in operating revenue, led by the packaging products segment. The sharp drop in other income was a notable offset versus last year’s quarter. Investors will watch for follow-through on the company’s stated FY27 growth outlook, margin guidance excluding non-operating income, and the timing of planned capex linked to aluminium cans.