IGIL Reports 15% Revenue Growth in Quarter Ended March 2025

International Gemmological Institute (India) Limited (IGIL) reported its performance for the quarter ended March 31, 2025.  

Post the announcement, on April 22, 2025, International Gemmological Institute share price (NSE: IGIL) opened at ₹374.00, up from its previous close of ₹369.20. At 9:50 AM, the share price of IGIL was trading at ₹378.00, up by 2.38% on the NSE. 

Quarter-on-Quarter Performance 

The company posted a 15% quarter-on-quarter (QoQ) growth in revenues, reaching ₹3,048 million. This growth was supported by strong momentum across all key business segments, including natural diamonds, lab-grown diamonds, gemstones, and jewellery certification services. 

EBITDA for the quarter stood at ₹1,957 million, registering a 29% QoQ increase. Profitability improved significantly, with EBITDA margins rising to 64.2% in Q1 FY25, up 680 basis points (bps) from 57.4% in the previous quarter.  

Profit after tax (PAT) grew by 24% QoQ to ₹1,407 million, with PAT margins improving from 42.9% to 46.2%, a rise of 330 bps. 

Consistent Year-on-Year Growth 

On a year-on-year (YoY) basis, IGIL recorded a 10% growth in revenue and a 13% growth in EBITDA compared to Q1 FY2024. EBITDA margins rose by 180 bps over the same period, while PAT increased by 12% YoY to ₹1,407 million. 

Strategic Positioning and Industry Trends 

The increasing global demand for lab-grown diamonds (LGDs), recognised for their sustainability and affordability, is a significant industry trend. IGIL’s leadership in independent gemmological certification positions it strongly in this evolving market. The company’s diverse service delivery formats, IGI Labs, In-factory Labs, and Mobile Labs, enhance customer engagement and build trust. 

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 previous quarter as well as 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.”  

He further added, “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 jewellery, which will further accelerate the growth of our business in the quarters to come.” 

Also Read: How to Avoid Frauds in Dubai Gold Souk When Buying Gold! 

Conclusion 

With its performance in Q1 FY2025 and strategic alignment with emerging industry trends, IGIL is well-placed to strengthen its leadership in the global certification space and seize new growth opportunities. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.