International Gemological Institute shares hit 10% upper circuit as Q2 net profit rises 43% YoY

Nearly 5 million shares changed hands before trading was halted at the circuit. IGIL reported a 43 per cent year-on-year (YoY) rise in its consolidated profit after tax (PAT) at Rs 185.8 crore for the second quarter of the current fiscal year, primarily driven by healthy demand trends and strong operational execution. The company's PAT was Rs 129.8 crore during the same quarter of the previous financial year.

Its revenue from operations increased 31 per cent YoY to Rs 398 crore during the reporting quarter, compared with Rs 303.7 crore posted in the year-ago period. EBITA reported a growth of 39 percent YoY to Rs 244.5 crore in Q2FY27 against Rs 176.3 crore in the year-ago period. Ebitda margin expanded by 340 bps to 61.4 percent in the quarter under review from 58 percent in Q2FY26. In a filing, IGIL stated the growth in the reporting quarter was broad-based across segments, with LGD (lab-grown diamond) loose stones up 37 percent YoY, LGD jewellery up 47 percent, natural diamond loose stones up 8 percent, natural diamond jewellery up 3 percent and coloured gemstones up 7x, including AGL.

IGI delivered 4.35 Mn reports in the quarter, up 26% YoY. For H1FY27 (April to September), the company's revenue from operations grew 27 percent YoY to Rs 768.8 crore and PAT increased by 37 percent YoY to Rs 351.6 crore. EBITDA grew 34 percent to Rs 468.3 crore while EBITDA margins rose from 57.8 percent in H1FY26 to 60.9 percent in H1FY27. Commenting on results, IGIL’s MD and CEO Tehmasp Printer said, “Q2FY27 was marked by healthy demand trends and strong operational execution, with Q2 consolidated revenue up 31% and PAT up 43% year-on-year.

IGI is category-neutral by design - certifying natural diamonds, lab-grown diamonds, jewellery and coloured gemstones to give buyers and sellers independent, consistent assurance of what they are buying.” He further said that lab-grown diamonds have started to witness higher adoption, while natural diamonds and gemstones remain a key growth lever for the company. "Backed by our global footprint, diversified certification portfolio and continued investments in technology, brand and customer engagement, we remain well positioned to capitalise on these opportunities and drive sustainable long-term growth," Printer added.