International Gemmological Institute India Ltd
P&L
Quarterly Consolidated
vs Q3 FY26
IGI: Revenue & EBITDA Up 21% YoY in Jan-Mar '26 Quarter
20 May 2026 · 20 May, 5:22 pm
Summary
IGI delivered a strong performance for the quarter ended March 2026, reporting a 21% year-on-year growth in consolidated revenue to ₹3,686 million and a 21% increase in EBITDA to ₹2,360 million. Profit after tax saw an even higher surge, rising 28% year-on-year to ₹1,796 million for the quarter. For the fifteen-month period ending March 31, 2026, the company achieved an 18% revenue growth to ₹15,976 million and a 22% increase in EBITDA to ₹9,728 million, maintaining robust EBITDA margins at 60.9%. Management highlighted the strategic acquisition of AGL during the quarter, which is expected to strengthen global footprint and diversify services, alongside ongoing investments in technology for improved operational efficiency and customer experience.
Key Highlights
- 1
International Gemological Institute (IGI) reported a strong 21% year-on-year growth in consolidated revenue from operations for the Jan-Mar 2026 quarter, reaching ₹3,686 million.
- 2
EBITDA for the Jan-Mar 2026 quarter also grew by 21% year-on-year to ₹2,360 million, reflecting robust operational performance.
- 3
Profit After Tax (PAT) for the Jan-Mar 2026 quarter increased by 28% year-on-year to ₹1,796 million.
- 4
For the fifteen-month period from Jan 2025 to Mar 2026, revenue from operations grew by 18% to ₹15,976 million.
- 5
EBITDA for the 15-month period reached ₹9,728 million, marking a 22% increase, with EBITDA margins standing at 60.9%.
- 6
Consolidated PAT for the 15-month period was ₹7,112 million, a 25% increase, while PAT margins improved from 41.8% to 44.5%.
- 7
IGI completed the strategic acquisition of AGL during the quarter, enhancing its global footprint and capabilities in colored stone certification.
Management Comments
Tehmasp Printer
During the quarter, we completed the acquisition of AGL, marking an important strategic milestone in IGI’s growth journey. The acquisition strengthens our global footprint, enhances our capabilities within the high-potential colored stone certification segment, and further diversifies our service portfolio beyond diamonds. We see strong synergistic potential through operational integration, complementary client relationships, cross-selling opportunities, and deeper engagement across the value chain. Over time, we believe this acquisition will further strengthen IGI’s ability to scale globally, expand into adjacent growth segments, and reinforce its positioning as a leading diversified certification platform. In parallel, we continue to integrate technology and operational excellence across the organization. Our ongoing efforts around the integration of AI and machine learning are focused on enhancing service quality, improving turnaround times, driving operational efficiencies, and creating a more scalable and streamlined operating model. We believe these investments will further strengthen our customer experience and support sustainable long-term growth.
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