International Gemmological Institute (India) Limited announced its audited consolidated financial results for the calendar year 2024.
The company reported a 17% increase in consolidated revenue to ₹10,531.6 million, while EBITDA grew 21% to ₹5,997.1 million. Profit After Tax (PAT) saw a significant 29% rise, reaching ₹4,272.9 million.
Further strengthening its global presence, IGI completed the acquisition of IGI Belgium and IGI Netherlands in December 2024 for a total consideration of ₹13,458.2 million.
The Board has recommended an interim dividend of ₹2.44 per equity share (122% on a face value of ₹2) for CY 2024.
In Q4 2024, IGI recorded a 6% YoY revenue increase to ₹2,650 million, with EBITDA rising 18% to ₹1,522.3 million and PAT growing 45% to ₹1,137.8 million. The EBITDA margin stood at 57.4%, while the PAT margin expanded to 42.9%.
The Managing Director and CEO of IGI, Tehmasp Printer, said, “IGI’s strong financial performance in 2024 reflects our commitment to excellence and leadership in the global diamond certification industry. With a 33% global market share in diamond certification and 65% in lab-grown diamonds, we continue to expand our presence and enhance our service offerings. The successful acquisition of IGI Belgium and IGI Netherlands further strengthens our global footprint, allowing us to serve an even wider customer base. As we celebrate IGI’s 50th anniversary, we remain dedicated to innovation, accuracy, and trust in the jewelry certification ecosystem.”
Eashwar Iyer, Global CFO of IGI stated, “Our record revenue and profit in CY 2024 highlights IGI’s operational strength and strategic execution. The 17% revenue growth and 29% PAT growth reflect robust demand for our certification services, while our strong EBITDA margin of 57% underscores our efficiency. We remain committed to delivering on our strategic drivers. With the group now consolidated under India, we aim to leverage India’s strengths in manufacturing and polishing alongside IGI’s retail presence in the USA, Europe, and China.”
IGI’s financial performance and strategic acquisitions highlight its continued growth and global expansion.
On March 3, 2025, International Gemmological Institute (India) share price (NSE: IGIL) opened at ₹385.00, down from its previous close of ₹406.95. At 9:47 AM, the share price of IGIL was trading at ₹366.25, down by 10.00% on the NSE.
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Published on: Mar 3, 2025, 10:00 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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