International Gemmological Q1 net profit rises 12% to Rs 141 crore, shares hit 5% upper circuit

International Gemmological Q4 net profit rises 12% to Rs 141 crore.

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International Gemmological Institute (IGI) shares hit the upper circuit of 5 percent on Monday after the Blackstone-backed company posted a 12 percent jump in consolidated net profit at Rs 141 crore for the first quarter of the calendar year 2025, on the back of higher income and revenues. The company, in a statement, said it had clocked a net profit of Rs 126 crore in the year-ago period.

IGI was listed on both BSE and the National Stock Exchange (NSE) in December 2024.

The company reported a total revenue of Rs 305 crore for Q1 CY2025, 10 percent jump from the previous year of Rs 278 crore.

The Earnings before interest, taxes, depreciation and amortization or EBITDA was reported at Rs 195.5 crore, a jump of 12.6 percent from Rs 173.7 crore, reported in the year-ago period, while the margin was reported at 64 percent against the 62.5 percent, a year ago.

The company reported a jump in its total income to Rs 313 crore for the March quarter. It had reported an income of Rs 290 in the March quarter of the previous fiscal, a jump of 8 percent.

IGI Managing Director and CEO Tehmasp Printer said, "The business on a consolidated basis has done exceptionally well, with 15 percent growth in revenues and 29 percent growth in EBITDA compared to Q4 of 2024." The company is witnessing a strong demand for certification of natural diamond and lab-grown diamond jewellery, which will further accelerate growth in the quarters to come, he said.

IGI is investing in process re-engineering and technology in order to enhance efficiency and productivity and reduce the turnaround time for services, he added.

Shares of International Gemmological Institute India Ltd were locked in 5 percent upper circuit at Rs 370.85 per share on the NSE. IGI is India's largest independent accreditation and certification services provider with a 50 per cent market share.

The total expenses were reported at Rs 122 crore for the fourth quarter of the previous fiscal, against Rs 119 crore.

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