International Gemological Institute (IGI) has announced its financial results for the second quarter and first half of FY27. The company demonstrated significant growth, with consolidated revenue increasing by 32% YoY to INR 3,875 Mn in Q2 FY27. EBITDA also saw a substantial rise of 39% YoY to INR 2,445 Mn. Standalone figures mirrored this positive trend, highlighting strong operational performance across the business.
IGI Reports Robust Financial Performance for Q2 FY27
International Gemological Institute Limited (IGI) has released its financial results for the quarter and half-year ended September 30, 2026. The company has showcased impressive growth across key financial metrics, reflecting strong operational performance and market demand.
Consolidated Results Highlight Strong Growth
Q2 FY27 Performance
For the second quarter of FY27, IGI reported a substantial 32% Year-on-Year (YoY) growth in certification revenues, reaching INR 3,875 Mn. This growth was primarily driven by a 47% YoY increase in the LGD Jewelry segment and a 37% YoY increase in the LGD loose stone segment. Total certification volumes grew by 26% YoY to 4.35 Mn reports. EBITDA for the quarter surged by 39% YoY to INR 2,445 Mn, with margins improving to 61.4% from 58.0%. Profit After Tax (PAT) saw a significant jump of 43% YoY to INR 1,858 Mn, with margins at 46.7%.
H1 FY27 Performance
In the first half of FY27, consolidated certification revenues grew by 27% YoY to INR 7,474 Mn. Certification volumes increased by 22% YoY to 7.91 Mn reports. EBITDA for H1 FY27 stood at INR 4,683 Mn, a 34% YoY growth, with margins at 60.9%. PAT for the half-year grew by 37% YoY to INR 3,516 Mn, with margins reaching 45.7%.
Standalone Performance Shows Similar Strength
Q2 FY27 Standalone
For IGI India’s standalone operations in Q2 FY27, certification revenues grew by 28% YoY to INR 3,040 Mn. Certification volumes increased by 19% YoY to 3.68 Mn reports. EBITDA grew by 21% YoY to INR 2,123 Mn. PAT increased by 22% YoY to INR 1,697 Mn.
H1 FY27 Standalone
In the first half of FY27, standalone certification revenues rose by 25% YoY to INR 5,833 Mn. Certification volumes grew by 20% YoY to 6.89 Mn reports. EBITDA for H1 FY27 was INR 4,093 Mn, an 18% YoY growth. PAT grew by 17% YoY to INR 3,243 Mn.
Key Drivers and Market Position
The company attributes its growth to strong performance in the LGD loose stones and LGD Jewelry segments. The average realized price (ARP) has also seen a consistent increase, supported by an improved product mix. IGI continues to leverage its global presence and expand its reach in key markets like India, the United States, and the Middle East & Europe.
Source: BSE
