AGI Greenpac Q4 FY26: Profit up 19%, dividend Rs 7

Shares jump after March-quarter results

AGI Greenpac shares rallied sharply after the company reported a stronger March 2026 quarter (Q4 FY26) on profit, alongside steady revenue growth. In one trading update, the stock surged 12.59% to Rs 635.60. Another market snapshot showed the stock rising nearly 16% to hit a high of Rs 655 on the NSE.

By around 12:45 pm, the stock was quoted 15% higher at Rs 648.55, compared with the previous close of Rs 564.90 on the NSE. The price action followed the company’s consolidated results for Q4 FY26, where net profit growth outpaced revenue growth. The stock had also recovered around 40% from its 52-week low of Rs 465 touched on March 30, 2026.

Q4 FY26 profit rises 19.4% YoY and 61.5% QoQ

On a consolidated basis, AGI Greenpac’s net profit rose 19.4% year-on-year to Rs 115.38 crore in Q4 FY26, from Rs 96.61 crore in Q4 FY25. Sequentially, profit jumped 61.5% from Rs 71.45 crore in Q3 FY26. The company’s profit before tax (PBT) stood at Rs 152.6 crore in Q4 FY26, up 21.1% YoY and 61.6% versus Q3.

The sharp quarter-on-quarter rise in profit was a key driver behind the stock’s reaction in the session. The reported numbers also reflected a meaningful improvement from the December 2025 quarter on multiple profit lines. Investors typically track whether profit growth is supported by operating performance and cost trends, and this quarter included a clear decline in interest costs.

Revenue rises 5.3% YoY, up 17.2% sequentially

Revenue from operations increased 5.3% YoY to Rs 742.39 crore in Q4 FY26, compared with Rs 704.83 crore a year ago. Sequentially, revenue grew 17.2% from Rs 633.69 crore in Q3 FY26. The sequential rebound in revenue was notable in the March quarter, as it coincided with a much sharper rise in profitability.

For FY26, net sales rose 5.4% YoY to Rs 2,665.32 crore. Another results summary also described FY26 revenue from operations at Rs 2,665 crore, up from Rs 2,529 crore in the year-ago period. Across both disclosures, the direction of travel is consistent: mid-single digit annual growth with a stronger March-quarter finish.

EBITDA and margin: different reported definitions

At the operating level, EBITDA (including other income) stood at Rs 206 crore in Q4 FY26. This was reported as up 34.0% versus Q3 and 7.7% versus Q4 FY25. EBITDA margin improved to 27.8% from 24.3% in Q3 and 27.2% in the year-ago quarter.

Separately, another reported metric showed EBITDA excluding other income at Rs 153 crore in Q4 FY26, marginally lower than Rs 154 crore in the year-ago period. In that snapshot, EBITDA margin was placed at 20.6% versus 23.7% in the prior quarter. Taken together, the updates indicate that EBITDA figures were presented using different definitions in the coverage.

Costs: expenditure rises, but interest falls sharply

On the cost front, total expenditure rose 7.1% YoY to Rs 589.48 crore in Q4 FY26. Despite this increase, profitability improved sharply quarter-on-quarter, helped by a steep decline in financing costs.

Interest costs declined by 55.7% YoY to Rs 9.44 crore, aiding bottom-line growth. Depreciation was largely flat at Rs 44.16 crore. The combination of lower interest expense and stable depreciation, alongside sequentially higher revenue, supported the large quarter-on-quarter jump in profit.

Full-year profitability and cash flow remain strong

For the full year FY26, PBT came in at Rs 465.7 crore, up 9.1% YoY, while net profit increased 9.1% to Rs 351.66 crore. Another summary of FY26 results reported PAT at Rs 352 crore versus Rs 322 crore in the prior year, aligning closely with the consolidated figure.

Cash flow generation remained strong. Net cash from operating activities rose to Rs 571.47 crore in FY26 from Rs 428.54 crore in FY25. Operating cash flow is closely watched by investors in manufacturing businesses as it indicates the ability to fund capex, service debt, and support dividends.

Dividend recommendation for FY26

The board recommended a final dividend of Rs 7 per equity share of face value Rs 2 for the year ended 31 March 2026. The dividend announcement came alongside the annual results update and was part of the broader set of disclosures that followed the March-quarter performance.

What AGI Greenpac does

AGI Greenpac operates in packaging products, manufacturing and selling container glass bottles, PET bottles, and security caps and closures. Another company description notes that it caters to segments such as non-alcoholic beverages, alcoholic beverages, pharmaceuticals, perfumery, cosmetics, and food and beverages.

For investors, the business mix matters because demand cycles can differ across end markets, and product categories can carry different margin profiles. The March-quarter numbers pointed to a stronger sequential performance on revenue and profit, with reported operating metrics varying depending on the EBITDA definition used.

Key numbers at a glance

Market impact and why investors reacted

The immediate market reaction reflected the combination of a strong sequential profit jump and improved profitability metrics in the company’s reported numbers. The share price move was also amplified by the context of a recovery from the 52-week low of Rs 465 recorded on March 30, 2026.

For market participants, the Q4 FY26 update reinforced that the company’s full-year growth was steady on revenue, while profit and operating cash flow showed resilience. The next key items investors typically track after such updates include the final dividend process and any further disclosures linked to annual results.

Conclusion

AGI Greenpac’s Q4 FY26 results showed revenue growth of 5.3% YoY and a sharper rise in net profit, supported by lower interest costs and improved reported margins under one EBITDA definition. The board’s recommendation of a final dividend of Rs 7 per share added another data point for shareholders, alongside a full-year operating cash flow increase to Rs 571.47 crore.