International Gemological Institute shares hit 10% upper circuit as Q2 net profit rises 43% YoY

The share price of International Gemological Institute Limited jumped by 10% to close at Rs353.20 on the NSE on Friday, October 22, 2026 as the company reported a massive 43% growth in its consolidated second-quarter profit. As per the NSE data, the stock closed at Rs353.20 on the day. The profit after tax for the second quarter of the financial year 2026-27 has been recorded at Rs185.8 crore as compared to Rs129.8 crore in the corresponding quarter of the previous year. The revenue from operations for the quarter has grown by 31% to Rs398 crore.

Second-quarter profit reaches ₹185.8 crore as operating revenue rises 31%

International Gemological Institute Limited (IGI) has informed in a regulatory filing that for the second quarter of the financial year 2026-27, the consolidated profit after tax stood at ₹185.8 crore as against ₹129.8 crore in the corresponding quarter of the financial year 2025-26. Revenue from operations of the company stood at ₹398 crore as against ₹303.7 crore in the year-ago quarter.

Earnings before interest, taxes, depreciation and amortisation rose to ₹244.5 crore from ₹176.3 crore, the company said. Its margin on that measure expanded to 61.4% from 58% in the second quarter of the financial year 2025-26.

International Gemological Institute Limited reports 37% growth year on year in revenue generated from the sales of lab-grown diamond loose stones. Revenue generated from sales of lab-grown diamond jewelry increased 47% year on year.

Natural-diamond loose-stone revenue rose 8% year on year, while natural-diamond jewellery revenue rose 3%, according to the company. Coloured-gemstone revenue grew sevenfold, including the segment identified as AGL in the company disclosure.

International Gemological Institute Limited said IGI delivered 4.35 million reports during the quarter, up 26% year on year.

First-half revenue reaches ₹768.8 crore

International Gemological Institute Limited reported revenue from operations for the first half of the financial year 2026-27 at ₹768.8m, an increase of 27% over the prior year.

EBITDA for the first half of the year under review increased by 34% over the corresponding period of the prior year to ₹468.3 crores. The corresponding margin increased to 60.9% from 57.8% in the corresponding period of financial year 2025-26.

First-half profit after tax rose 37% year on year to ₹351.6 crore, the company reported.

IGIL shares reach ₹353.20 after opening 6% higher

NSE trading data reported at 1:45 PM IST showed International Gemological Institute Limited shares opening around 6% higher at ₹339 on 22 October 2026, compared with the previous close of ₹321.10.

The shares later reached the upper price band of ₹353.20, a 10% rise, NSE data showed. Nearly 5 million shares changed hands before trading was halted at the circuit.

Tehmasp Printer cites certification across four product categories

Tehmasp Printer, managing director and chief executive officer of International Gemological Institute Limited, said IGI certifies natural diamonds, lab-grown diamonds, jewellery and coloured gemstones.

Printer said lab-grown diamonds had started to see higher adoption, while natural diamonds and gemstones remained a key growth lever for the company.

He also referred to IGI's global footprint, certification portfolio and investments in technology, brand and customer engagement.