International Gemological Institute Ltd

The investor presentation for International Gemological Institute Limited (IGIL) for Q2 and H1 FY27 highlights strong financial performance. Certification revenue grew 32% YoY to INR 3,875 Mn in Q2 FY27, driven by a 47% increase in the LGD jewelry segment and a 37% rise in the LGD loose stone segment. Total certification volumes rose 26% YoY to 4.35 Mn reports. EBITDA increased 39% YoY to INR 2,445 Mn, while PAT rose 43% YoY to INR 1,858 Mn. For H1 FY27, certification revenue grew 27% YoY to INR 7,474 Mn, with total volumes up 22% YoY to 7.91 Mn reports. EBITDA for H1 FY27 was INR 4,683 Mn, up 34% YoY, and PAT reached INR 3,516 Mn, a 37% YoY increase. The standalone results showed certification revenue growth of 28% YoY in Q2 FY27, with EBITDA up 21% YoY. The company noted a 4% increase in average realized price (ARP) per report, supported by higher LGD mix and the AGL acquisition. The consolidated balance sheet showed increased equity and liabilities, with cash and cash equivalents rising to INR 1,303 Mn by September 2026. The presentation also outlined industry growth drivers, including rising consumer adoption of lab-grown diamonds (LGDs), expanding retail demand, and global market expansion. The company emphasized its competitive strength in global certification and its strategic focus on emerging markets like the Middle East and Europe.

The presentation highlights strong revenue and profit growth, increased certification volumes, and positive industry trends, indicating a positive tone.