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.

International Gemological Institute Limited has granted 209,938 stock options to eligible employees under its IGI Employee Stock Option Plan 2024. The decision was approved by the company's Nomination and Remuneration Committee during its meeting held on May 20, 2026.

The options granted are exercisable into not more than 209,938 fully paid-up equity shares. Each equity share carries a face value of ₹2. The pricing formula for these options was determined by the Nomination and Remuneration Committee and is in line with the IGI ESOP Plan 2024.

Details of the Grant

The scheme is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The specific terms regarding the time within which the options may be exercised are detailed in the grant letters issued to the employees and as per the IGI ESOP Plan 2024.

Key Metrics

The company stated that significant terms of the options are mentioned in the respective grant letters. Information regarding the exercise of options, money realized, and diluted earnings per share is not applicable at this stage.