Intl Gemmological Institute hits the roof after Q1 PAT jumps 12% YoY to Rs 141 cr

Profit before tax (PBT) stood at Rs 191.47 crore in Q1 CY25, up 11.91% YoY.

Total expenses rose 2.01% YoY to Rs 121.74 crore during the quarter. Employee benefits expense stood at Rs 63.85 crore (up 9.26%), finance cost was at Rs 2.66 crore (up 4.72% YoY), and other expenses were at Rs 44.76 crore (down 0.91% YoY) during the period under review.

EBITDA stood at Rs 195.7 crore in Q1 CY25, registering growth of 12.86% as compared with Rs 173.4 crore in Q1 CY24. The EBITDA margin improved to 64.2% in Q1 CY25, compared to 62.4% recorded in the corresponding quarter the previous year.

Tehmasp Printer, Managing Director and CEO of IGI, said, 'I am happy to report the company has seen strong growth momentum across all its segments compared to the previous quarter as well as the first quarter of last financial year. The business on a consolidated basis has done exceptionally well, with 15% growth in revenues and 29% growth in EBITDA compared to Q4 2024.

Along with our core segments of natural diamond certification and lab-grown diamond certification, we are also seeing a strong demand for certification of natural diamond and lab-grown diamond jewelry, which will further accelerate the growth of our business in the quarters to come. We are also investing in process reengineering and technology in our business to enhance efficiency and productivity and reduce the turnaround time for our services.'

International Gemmological Institute (India) is the world's largest independent certification and accreditation services provider in the fields of diamond, gemstone, and jewelry.