IGI Q1FY26: Consolidated Net Profit Rises to Rs 1.66B, EBITDA Margin at 60.35%
International Gemological Institute reported consolidated Q1FY26 net profit of Rs 1.66B (vs Rs 1.27B YoY) and EBITDA of Rs 2.23B with margin expanding to 60.35% from 57.63%. Standalone profit stood at Rs 1,546.02 million on revenue of Rs 2,861.55 million, with profit before tax at Rs 2,062.73 million and basic EPS of Rs 3.58.
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International Gemological Institute reported a consolidated net profit of Rs 1.66B for Q1FY26, compared to Rs 1.27B in the corresponding quarter of the previous year. On a standalone basis, the company posted a profit of Rs 1,546.02 million for the quarter ended June 30, 2026. Standalone revenue from operations rose to Rs 2,861.55 million, compared to Rs 2,341.30 million in the year-ago period, with total standalone income standing at Rs 3,021.81 million.
The Board of Directors approved the unaudited financial results at its meeting held on July 23, 2026. The statutory auditors, M S K A & Associates LLP, performed a limited review and expressed an unmodified conclusion on the standalone results. The company operates in a single operating segment involving the certification of diamonds, gemstones, and jewellery, along with related education.
Standalone Financial Performance
The company's total standalone expenses for the quarter increased to Rs 959.08 million from Rs 678.53 million in the year-ago period. Profit before tax stood at Rs 2,062.73 million. Earnings per equity share (basic) were reported at Rs 3.58 for the quarter, on a face value of Rs 2 each. The following table summarises the key standalone financial metrics:
| Particulars: | Quarter ended 30 June 2026 (Rs million) | Quarter ended 30 June 2025 (Rs million) |
|---|---|---|
| Revenue from operations | 2,861.55 | 2,341.30 |
| Total income | 3,021.81 | 2,486.41 |
| Total expenses | 959.08 | 678.53 |
| Profit before tax | 2,062.73 | 1,807.88 |
| Profit for the quarter | 1,546.02 | 1,374.80 |
Consolidated Results
On a consolidated basis, International Gemological Institute reported revenue of Rs 3.71B for Q1FY26, up from Rs 3B in the year-ago period. EBITDA for the quarter came in at Rs 2.23B versus Rs 1.73B in the previous year, with the EBITDA margin expanding to 60.35% from 57.63% on a year-on-year basis. The consolidated net profit stood at Rs 1,657.36 million, with total consolidated income at Rs 3,866.16 million. The results include the financial performance of 16 direct and indirect subsidiaries, including entities in Turkey, the Netherlands, Israel, and the United States. The key consolidated metrics are presented below:
| Metric: | Q1FY26 | Q1FY25 |
|---|---|---|
| Revenue | Rs 3.71B | Rs 3B |
| EBITDA | Rs 2.23B | Rs 1.73B |
| EBITDA Margin | 60.35% | 57.63% |
| Net Profit | Rs 1.66B | Rs 1.27B |
The auditors noted that the interim financial information of ten subsidiaries, totalling Rs 160.83 million in revenue, were not reviewed by their respective auditors but were certified by the management. These figures were considered not material to the group. The financial year has been transitioned to a 12-month period ending March 31, following a 15-month transitional year ending March 31, 2026.
Historical Stock Returns for International Gemological Institute
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.82% | -2.15% | -3.61% | +14.76% | -12.37% | -26.65% |
What factors are driving the significant expansion in EBITDA margins, and can this level be sustained?
How will the transition to a standard 12-month financial year impact future quarterly comparisons?
Which specific geographic subsidiaries contributed most to the consolidated revenue growth?
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