International Gemological Institute reported a 12.4% year-on-year increase in standalone net profit for the quarter ended June 30, 2026, reaching ₹1,546.02 million. The gemological certification authority also announced that its 28th Annual General Meeting (AGM) will be held on August 14, 2026, via video conference, with remote e-voting available from August 11 to August 13, 2026.

Standalone income from operations rose 21.5% to ₹3,021.81 million from ₹2,486.41 million in the corresponding quarter of FY25. Consolidated income from operations grew by 23.2% to ₹3,866.16 million. The Board of Directors, chaired by Managing Director and CEO Tehmasp Printer, approved the unaudited financial results at its meeting held on July 23, 2026.

Financial Performance

The company’s profitability expanded across both standalone and consolidated metrics during the quarter. Standalone net profit before tax increased to ₹2,062.73 million from ₹1,807.88 million in the prior year period. Consolidated net profit before tax rose to ₹2,228.06 million from ₹1,749.69 million.

Earnings per share (basic) stood at ₹3.58 on a standalone basis and ₹3.84 on a consolidated basis, compared to ₹3.18 and ₹2.92 respectively in the same quarter last year. Total comprehensive income for the quarter was ₹1,548.40 million (standalone) and ₹1,699.16 million (consolidated).

AGM and E-Voting Details

Shareholders are eligible to vote if their names appear in the register of members or beneficial owners as of the cut-off date, August 7, 2026. Remote e-voting commences at 9:00 a.m. IST on August 11, 2026, and closes at 5:00 p.m. IST on August 13, 2026. National Securities Depository Limited (NSDL) is facilitating the e-voting process. Mr. Tushar Shridharani of Tushar Shridharani & Associates LLP has been appointed as the scrutinizer to oversee the voting process.

The AGM notice and annual report for the financial year ended March 31, 2026, were dispatched electronically on July 23, 2026, to shareholders with registered email addresses as of July 17, 2026. The meeting will be conducted in compliance with Ministry of Corporate Affairs General Circular No. 03/2022 and SEBI Circular SEBI/HO/CFD/PoD-2/P/CIR/2024/133.

What the Numbers Show

The divergence between revenue growth and profit growth highlights improving operational efficiency. While standalone revenue grew by 21.5%, standalone net profit after tax increased by only 12.4%. This suggests that operating expenses or tax provisions may have absorbed a portion of the top-line gains. Conversely, consolidated net profit growth outpaced consolidated revenue growth (30.9% vs 23.2%), indicating potential synergies or lower cost structures within the consolidated group entities compared to the standalone entity.

International Gemological Institute reported a 31% year-on-year rise in consolidated net profit to ₹1,657 Mn for Q1FY27, driven by strong growth momentum across loose stones, jewelry, and colored gemstone certification. Consolidated revenue from operations increased 23% to ₹3,708 Mn from ₹3,009 Mn in the corresponding quarter of the previous year, while EBITDA grew 29% to ₹2,238 Mn. The EBITDA margin expanded to 60.35% from 57.63% in Q1FY26, and PAT margins stood at 45%, an increase of 260 basis points.

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.

Consolidated Financial Performance

The company's profit before tax on a consolidated basis rose to ₹2,228 Mn from ₹1,750 Mn in the year-ago period. The results include the financial performance of 16 direct and indirect subsidiaries, including entities in Turkey, the Netherlands, Israel, and the United States. The auditors noted that the interim financial information of ten subsidiaries, totalling ₹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.

Total certification volumes for Q1 FY27 stood at 3.56 Mn reports, marking a 17% YoY growth compared to 3.03 Mn reports in Q1 FY26. Certification revenues grew by 23% YoY to ₹3,598 Mn during Q1 FY27, with AGL consolidation contributing 3% incremental revenue growth. Average realized price (ARP) per report increased by 5% YoY to ₹1,010 in Q1 FY27 from ₹963 in Q1 FY26.

Strategic Outlook

Commenting on the results, Tehmasp Printer, Managing Director and CEO of IGI, highlighted broad-based momentum across Lab Grown Diamond (LGD) loose stones, LGD jewelry, and coloured gemstones. He noted that investments in the US business are gaining traction, and operations have commenced in Italy. The company continues to invest in artificial intelligence and automation to enhance service quality and turnaround times. The financial year has been transitioned to a 12-month period ending March 31, following a 15-month transitional year ending March 31, 2026.