International Gemmological Institute (India) Ltd has reported strong financial results for Q3, showcasing robust growth across key performance metrics. The company's consolidated financial performance reflects healthy business momentum and operational efficiency during the quarter.

Financial Performance Overview

The company delivered impressive financial results with both revenue and profitability showing significant year-over-year improvements. The quarterly performance demonstrates the company's ability to maintain strong operational execution while expanding its business footprint.

Revenue Growth Momentum

The company achieved consolidated revenue of ₹3.2 billion in Q3, compared to ₹2.65 billion in the same quarter of the previous year. This revenue performance indicates strong demand for the company's services and successful business expansion initiatives. The substantial increase in top-line performance reflects the company's market position and operational capabilities.

Profitability Enhancement

Consolidated net profit reached ₹1.35 billion during Q3, representing growth from ₹1.14 billion reported in the corresponding quarter last year. The profit growth demonstrates effective cost management and operational efficiency improvements. The company's ability to convert revenue growth into enhanced profitability showcases strong business fundamentals and execution capabilities.

Business Performance Analysis

The quarterly results highlight International Gemmological Institute's consistent performance trajectory and market positioning. The company's financial metrics indicate successful business strategies and operational excellence. Both revenue and profit growth suggest sustainable business momentum and effective management execution across the organization's operations.

International gemmological institute (India) Limited has filed its monitoring agency report for the quarter ended December 31, 2025, demonstrating compliance with regulatory requirements under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The report, prepared by ICRA Limited as the monitoring agency, confirms that the company's utilization of IPO proceeds remains aligned with the stated objectives.

IPO Proceeds Utilization Status

The monitoring report reveals comprehensive details about the deployment of funds raised through the company's Initial Public Offer conducted in December 2024. The total issue size was INR 4,225.00 crore, with net proceeds of INR 1,409.740 crore excluding issue-related expenses.

Object-wise Fund Deployment

The primary objective of acquiring IGI Belgium Group and IGI Netherlands Group from the promoter has been completed successfully. The company allocated INR 1,300.00 crore for this acquisition, which has been fully utilized during the reporting period.

General Corporate Purpose Utilization

The company has deployed INR 84.740 crore for general corporate purposes across various operational requirements. The detailed breakdown shows strategic allocation across different quarters of 2025.

Key expenditure categories include:

• Payment to vendors: INR 4.670 crore
• Statutory dues payment: INR 72.730 crore
• Salary payments: INR 7.340 crore

Investment of Unutilized Funds

The company has prudently invested the unutilized proceeds in fixed deposits with HDFC Bank Limited, earning returns at 7.55% per annum. The total deployment in fixed deposits amounts to INR 25.00 crore across multiple maturity dates, with an additional INR 6.376 crore maintained in the public issue escrow account.

Regulatory Compliance and Timeline

ICRA Limited's monitoring report confirms no deviation from the original IPO objectives, with all utilization proceeding as per the offer document disclosures. The acquisition of IGI Belgium Group and IGI Netherlands Group was completed by the December 31, 2024 deadline without any delays. The company has obtained necessary regulatory approvals, including RBI approval for fund remittance.

The report also notes that the company has received approval from the Regional Director to shift its financial year from calendar year to April-March cycle, extending the current financial year to 15 months ending March 31, 2026.