International Gemological Institute Limited Reports Strong Q2 & H1 FY27 Results
International Gemological Institute Limited reported strong Q2 FY27 results with certification revenues up 32% YoY to ₹3,875 million (₹387.5 crore). EBITDA grew 39% to ₹2,445 million (₹244.5 crore) and PAT increased 43% to ₹1,858 million (₹185.8 crore). For H1 FY27, revenues grew 27% to ₹7,474 million (₹747.4 crore), with EBITDA up 34% and PAT up 37%.
Significant growth in key financial metrics like revenue, EBITDA, and PAT, coupled with positive industry outlook and market share, suggests a high impact on the company's valuation and investor confidence.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT for both the quarter and half-year, indicating a positive financial performance.
International Gemological Institute Limited (IGIL) has announced its financial results for the quarter and half-year ended September 30, 2026. The company reported significant year-on-year growth across key metrics.
For the second quarter of FY27, IGIL saw its certification volumes increase by 26% to 4.35 million reports, compared to 3.45 million in Q2 FY26. Certification revenues grew by 32% to ₹3,875 million (₹387.5 crore), driven by strong performance in the LGD jewelry (47% growth), LGD loose stone (37% growth), and ND loose stone (8% growth) segments. The Average Realized Price (ARP) per report rose by 4% to ₹891. EBITDA for the quarter increased by 39% to ₹2,445 million (₹244.5 crore), and Profit After Tax (PAT) grew by 43% to ₹1,858 million (₹185.8 crore).
In the first half of FY27, certification volumes grew by 22% to 7.91 million reports. Certification revenues increased by 27% to ₹7,474 million (₹747.4 crore). EBITDA for H1 FY27 was ₹4,683 million (₹468.3 crore), a 34% year-on-year increase, while PAT grew by 37% to ₹3,516 million (₹351.6 crore).
The company also presented its standalone results, where Q2 FY27 certification revenues grew by 28% to ₹3,040 million (₹304 crore), with EBITDA up 21% and PAT up 22%. For H1 FY27 standalone, certification revenues increased by 25% to ₹5,833 million (₹583.3 crore), with EBITDA up 18% and PAT up 17%.
The investor presentation highlighted growth drivers including increasing consumer adoption of Lab-Grown Diamonds (LGDs), greater accessibility to affordable options, evolving trends, and the entry of brands into new categories. IGIL projects the global jewelry market to reach $340-$350 billion by CY2025 and $410-$430 billion by CY2030, with certification volumes expected to grow significantly. The company emphasized its leading position in key growth segments and its global presence.
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