International Gemological Institute Limited reported a 21% year-on-year increase in consolidated revenue from operations to ₹3,686 million for the quarter ended March 31, 2026. Profit after tax (PAT) for the quarter rose 28% to ₹1,796 million, while EBITDA grew 21% to ₹2,360 million, maintaining margins at 64%. The company transitioned its financial reporting structure from a calendar year to a financial year, resulting in the current reporting period covering 15 months ending March 31, 2026.

For the 15-month period, revenue grew 18% to ₹15,976 million and PAT increased 25% to ₹7,112 million. EBITDA for the period stood at ₹9,728 million, a 22% increase, with margins expanding 230 basis points to 60.9%. The performance was driven by broad-based growth across natural diamonds, lab-grown diamonds, jewelry certification, and color stones, supported by the acquisition of American Gemological Laboratories (AGL) in January 2026.

Segment Performance

Lab-grown diamond (LGD) certification revenue grew 35% year-on-year for the quarter, while LGD jewelry certification increased 29%. Natural diamond certification revenue grew 10%, though natural diamond jewelry declined 19% due to volatility in gold and silver prices. The acquisition of AGL contributed an additional 2% to revenue growth and 3% to EBITDA growth during the quarter.

Financial Highlights

Outlook

The company has provided guidance for the financial year 2026-27, targeting 15% revenue growth and 20% EBITDA growth. Management expects the major growth drivers to be increased capacity build-up in the lab-grown diamond segment and increased penetration in natural diamonds.

International Gemological Institute Limited has reported its audited consolidated financial results for the fifteen-month period ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 20, 2026. The company transitioned from a twelve-month financial year ending December 31 to a fifteen-month cycle ending March 31, aligning its reporting period with the calendar year starting April 1. The statutory auditors, M S K A & Associates LLP, issued an unmodified opinion on the results. The company also announced that the results were published in Financial Express and The Free Press Journal on May 21, 2026, and in Navshakti on May 22, 2026.

Financial Performance Highlights

For the financial year ended March 31, 2026, the company reported a net profit of INR 7,112 Mn, a 66% increase compared to the prior period. Revenue from operations for the period stood at INR 15,976 Mn, while total income reached INR 16,619 Mn. The profit before tax for the period was INR 9,687 Mn, with total tax expenses amounting to INR 2,575 Mn.

Operational Performance

The company reported strong operational metrics for the period. Total certification volumes for the 15-month period stood at 16.45 Mn reports, marking a 20% year-on-year growth. Certification revenues grew by 19% to INR 15,465 Mn. This growth was primarily driven by a 25% increase in the Lab Grown Diamond (LGD) loose stone segment and a 23% increase in the LGD Jewelry segment. EBITDA for the period stood at INR 9,728 Mn, registering a 22% year-on-year growth.

Quarterly Results

For the quarter ended March 31, 2026, the company posted a net profit of INR 1,796 Mn. Revenue from operations for the quarter was INR 3,686 Mn, compared to INR 3,048 Mn in the same quarter of the previous year. Total income for the quarter rose to INR 3,868 Mn. Earnings per share (EPS) for the quarter were reported at INR 4.16 on a basic basis and INR 4.02 on a diluted basis.

Strategic Updates

The Board of Directors approved the change in the financial year, commencing April 1 annually. The company also completed the utilization of net IPO proceeds, allocating INR 13,000 Mn towards the acquisition of IGI Belgium Group and IGI Netherlands Group, with the remainder used for general corporate purposes. Additionally, the Board approved an infusion of INR 814 Mn into IGI Belgium to fund the acquisition of AGL Holdco Inc. in the USA.