IGI Q1 Results: Stock in upper circuit after revenue, profit grow over 10%; margin expands

Shares of International Gemmological Institute Ltd. are locked in a 5% upper circuit after the company reported its March quarter results on Monday, April 21.

The company’s net profit during the quarter grew by 12% to ₹141 crore, compared to ₹126 crore that it had reported during the same quarter last year.

Revenue for the quarter also increased by 10% to ₹305 crore from ₹278 crore last year. The company reports results in the January-December calendar year format.
IGI’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 12.6% from the same quarter last year to ₹195.5 crore, while margins expanded by 150 basis points to 64% from 62.5% last year.

The company earlier had mentioned that earnings are a function of volumes and uniqueness of the diamonds and that natural diamonds bring value synergies for the company, while Lab Grown Diamonds brings volumes.

Shares had made a post-listing high of ₹642, post which they sold off sharply to make a new low of ₹282, before rebounding from those levels. The stock had also seen selling pressure after the shareholder lock-in period came to an end in March.

Shares of International Gemmological Institute are in a 5% upper circuit at ₹370.95, but the stock is still down 37% so far in 2025 and remains below its IPO price of ₹418.