International Gemological Institute Limited has announced its audited financial results for the fifteen-month period ended March 31, 2026. Following a strategic change in its financial year cycle, the company reported robust growth, with a standalone revenue of Rs. 12,524.22 million and a net profit of Rs. 7,214.78 million. Consolidated performance was similarly strong, with group revenue reaching Rs. 15,976.60 million and a net profit of Rs. 7,111.97 million for the same period.
Financial Highlights
For the fifteen-month financial year concluding March 31, 2026, the company demonstrated solid operational growth. On a standalone basis, revenue from operations stood at Rs. 12,524.22 million, while consolidated revenue from operations reached Rs. 15,976.60 million. The company achieved a consolidated net profit of Rs. 7,111.97 million, reflecting its successful market position in the global certification of diamonds, gemstones, and jewelry.
Strategic Financial Cycle Realignment
In accordance with a board decision made on November 5, 2025, the company transitioned its financial year to align with an April 1 to March 31 cycle. Consequently, the current reporting period represents a transitional fifteen-month stretch from January 1, 2025, to March 31, 2026. This shift streamlines the reporting structure for the organization moving forward.
Capital Utilization and Expansion
As of March 31, 2026, the company has successfully utilized its IPO proceeds in full. Specifically, Rs. 13,000 million was applied to the acquisition of the IGI Belgium and Netherlands Groups, while Rs. 1,097.40 million was allocated to general corporate purposes. Furthermore, the company expanded its footprint through the acquisition of a 100% equity stake in AGL Holdco Inc., USA, by its subsidiary IGI USA, for a consideration of USD 13.2 million, further strengthening its global infrastructure and testing capabilities.
Quarterly Performance
During the final quarter of this period (January – March 2026), the company recorded consolidated revenue of Rs. 3,685.62 million and a net profit of Rs. 1,795.96 million. The auditor issued an unmodified opinion on both standalone and consolidated financial statements, ensuring the accuracy and transparency of these results.
Source: BSE
