Shares of AGI Greenpac Ltd. advanced the most in over four months since Sept. 2 after its third-quarter profit surged nearly 81%.
The company's third-quarter net profit rose 80.81% year-on-year to Rs 53.2 crore, the company said in its exchange filing. Revenue rose 43.39% annually to Rs 567.3 crore in the said quarter of the ongoing fiscal.
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AGI Greenpac Q3 FY23 (YoY)
Revenues are up 43.39% at Rs 567.3 crore.
Ebitda up 40.47% at Rs 109.5 crore
Ebitda margin at 19.31% vs. 19.71%
Net profit was up 80.81% at Rs 53.2 crore.
Shares of the company gained 10.48% to Rs 337.75 apiece as of 10:49 a.m., while the the benchmark Nifty 50 declined 0.30%.
The total traded volume so far today stood at 10.9 times its 30-day average. The relative strength index at 20 implies that the stock may be oversold.
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