International Gemmological Institute (India) Limited (IGI), a leading independent grading and accreditation services provider, has announced robust financial results for the third quarter of calendar year 2025 (Q3 CY25). The company reported significant growth across key financial metrics, demonstrating resilience in a challenging macroeconomic environment.

Financial Highlights

IGI's consolidated performance for Q3 CY25 showed impressive year-on-year growth:

• Revenue from operations increased by 21% to INR 3,037.00 million
• EBITDA grew by 20% to INR 1,763.00 million
• Profit After Tax (PAT) rose by 18% to INR 1,298.00 million

For the nine months ended September 2025 (9M CY25), the company's performance was equally strong:

• Revenue from operations grew by 15% to INR 9,094.00 million
• EBITDA increased by 22% to INR 5,454.00 million, with margins improving from 56.8% to 60.0%
• PAT surged by 27% to INR 3,971.00 million, with margins expanding from 39.8% to 43.7%

Operational Performance

The company's operational metrics showed significant improvement:

• Total certification volumes for Q3 CY25 reached 3.45 million reports, marking a 26% year-on-year growth
• Certification revenues grew by 20% year-on-year to INR 2,941.00 million in Q3 CY25

Segment Performance

IGI witnessed growth across various segments:

• Natural Diamond (ND) loose stone segment: 29% year-on-year growth
• Lab-Grown Diamond (LGD) jewelry segment: 26% year-on-year growth

Management Commentary

Tehmasp Printer, Managing Director and CEO of IGI, expressed satisfaction with the company's performance, stating, "I am happy to report that the Company has delivered 26% growth in report volume this quarter, enabling a 21% growth in revenues. Despite many macro-economic challenges, the Company has continued to deliver strong revenue growths driven by the festive demand in this quarter, across all categories."

Mr. Printer added, "Our core segments of natural diamond certification and lab-grown diamond certification have registered over 25% volume growth in this quarter, with continued momentum seen in the Jewelry segment. We remain confident of delivering a strong Revenue and EBITDA growth for the year in line with the guidance given at the beginning of the year."

Industry Outlook

The global diamond and jewelry industry is undergoing a transformation, with evolving consumer preferences and technological advancements driving change. Key trends include:

• Rising disposable incomes in India and an expanding middle class
• Growing appeal of diamonds as a luxury investment
• Rapid adoption of Lab-Grown Diamonds (LGDs) due to affordability and sustainability factors
• Increasing demand for certified diamonds, gemstones, and jewelry beyond traditional markets

IGI's multiple service delivery formats, including IGI Labs, In-factory Labs, and Mobile Labs, position the company to capitalize on these industry trends and reinforce its status as a preferred certification partner for the jewelry industry.

Conclusion

IGI's strong Q3 CY25 performance, characterized by substantial growth in revenue, EBITDA, and PAT, reflects the company's resilience and strategic positioning in the diamond and jewelry certification market. With a positive industry outlook and continued focus on innovation, IGI appears well-positioned for sustained growth in the coming quarters.

International Gemmological Institute (India) Limited (IGI), a leading independent grading and accreditation services provider for the global diamond and jewelry industry, has announced robust financial results for the third quarter of calendar year 2025, demonstrating significant growth across key metrics.

Financial Highlights

IGI reported a strong performance for Q3 CY2025, with consolidated revenue from operations growing by 21% year-over-year to reach INR 3,037.00 million. The company's EBITDA saw a 20% increase, amounting to INR 1,763.00 million, while Profit After Tax (PAT) rose by 18% to INR 1,298.00 million.

Key Performance Indicators

• Total certification volumes increased by 26% YoY, reaching 3.45 million reports in Q3 CY2025.
• Certification revenues grew by 20% YoY to INR 2,941.00 million.
• The Natural Diamond (ND) loose stone segment saw a 29% YoY growth.
• The Lab-Grown Diamond (LGD) jewelry segment experienced a 26% YoY growth.

Segment-wise Performance

Nine-Month Performance

For the nine months ended September 2025, IGI reported:

• 15% growth in revenue from operations
• 22% increase in EBITDA
• 27% rise in PAT
• EBITDA margin improvement from 56.80% to 60.00%
• PAT margin expansion from 39.80% to 43.70%

Management Commentary

Tehmasp Printer, Managing Director and CEO of IGI, commented on the results: "I am happy to report that the Company has delivered 26% growth in report volume this quarter, enabling a 21% growth in revenues. Despite many macro-economic challenges, the Company has continued to deliver strong revenue growths driven by the festive demand in this quarter, across all categories."

Industry Trends and Outlook

The global diamond and jewelry industry is experiencing a transformation driven by evolving consumer preferences and technological advancements. Key trends include:

1. Increasing demand for certification to ensure authenticity and quality.
2. Rapid adoption of Lab-Grown Diamonds (LGDs) due to affordability and sustainability factors.
3. Expansion of certified diamonds, gemstones, and jewelry demand beyond traditional markets.

IGI's multiple service delivery formats, including IGI Labs, In-factory Labs, and Mobile Labs, position the company to capitalize on these emerging opportunities and reinforce its status as a preferred certification partner in the jewelry industry.

Conclusion

IGI's strong Q3 CY2025 results reflect the company's robust position in the diamond and jewelry certification market. With its continued focus on innovation and global expansion, IGI appears well-positioned to leverage industry trends and maintain its growth trajectory in the coming quarters.

Note: All financial figures are in Indian Rupees (INR) unless otherwise stated.