IGI Q2 Results: Consolidated PAT surges 43% to Rs 185 crore
The International Gemological Institute recently announced an impressive 43.14 percent growth in profit after tax for the previous quarter. Operational revenue rose by 31 percent compared to last year. Demand for both lab-grown and natural diamonds remains strong, particularly as the festive season approaches, prompting retailers and manufacturers to anticipate a surge in sales across their segments.
International Gemological Institute (IGI) on Wednesday reported a 43.14 per cent rise in consolidated profit after tax (PAT) to Rs 185.8 crore, on healthy demand and strong operational execution.The company's PAT was Rs 129.8 crore during the corresponding period of the previous fiscal year, the company said in a regulatory filing.Its revenue from operations rose 31 per cent to Rs 398 crore during the quarter under review from Rs 303.7 crore in the year-ago period."The second quarter of FY27 was marked by healthy demand trends and strong operational execution, with consolidated revenue up 31 per cent and PAT up 43 per cent year-on-year.
