Shares of International Gemmological Institute (IGI) hit the 5 percent upper circuit on Monday after the Blackstone-backed company reported a strong set of financial results for the first quarter of the calendar year 2025. The company posted a 12 percent rise in consolidated net profit to ₹141 crore, up from ₹126 crore in the same quarter last year.
The company’s performance was driven by higher income and revenues. IGI reported a total revenue of ₹305 crore in Q1 CY25, marking a 10 percent increase from ₹278 crore in the year-ago period. Total income for the March quarter also rose by 8 percent to ₹313 crore, compared to ₹290 crore in the corresponding quarter of the previous fiscal.
Earnings before interest, taxes, depreciation and amortization (EBITDA) came in at ₹195.5 crore, up 12.6 percent from ₹173.7 crore last year. The EBITDA margin improved to 64 percent in Q1 CY25, compared to 62.5 percent in the same period last year, indicating improved operational efficiency.
Total expenses for the fourth quarter stood at ₹122 crore, slightly higher than ₹119 crore reported in the previous year.
Listed on both BSE and NSE in December 2024, IGI is currently India’s largest independent accreditation and certification services provider, holding a 50 percent market share. Following the earnings announcement, IGI shares surged to ₹370.85 apiece on the NSE, locking in a 5 percent gain for the day.
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Source: Moneycontrol.
