IGI India Q2 PAT jumps 63% YoY; margins, growth remain strong

Independent grading and accreditation service provider International Gemmological Institute (India) Limited (IGI) has reported 16% growth in revenues and 37% growth in EBITDA on a year-on-year basis, driven by strong growth momentum across all its key business segments - natural diamonds, lab-grown diamonds, jewellery and gemstones.

Consolidated revenue from operations for the quarter stood at Rs 3,00.9 crore and EBITDA stood at Rs 173.5 crore. The EBITDA margin has improved from 49% in Q2 2024 to 58% in Q2 2025. Profit after Tax (PAT) Q2 2025 was reported as Rs 1,26.5 crore, a growth of 63% on a year-on-year basis, with PAT margins at 42% as against 30% in Q2 2024.

For the half year ended June 2025, the company has reported 13% growth in revenues from operations and 23% growth in EBITDA in H1 2025 when compared with H1 2024. EBITDA margins are up from 56% in H1 2024 to 61% in H1 2025. The consolidated PAT for H1 2025 stood at Rs 2,67.3 crore, showed a 31% increase over H1 2024, with margins up from 38% in H1 2024 to 44% in H1 2025


Tehmasp Printer, Managing Director and CEO of IGI said, “At IGI, we have gone beyond the traditional 4Cs and have introduced a proprietary ‘Light Performance Analysis’ which is a scientific assessment that measures how a diamond interacts with light. This would provide a deeper insight into critical visual attributes—brightness, fire, and contrast—which collectively define a diamond’s true ‘sparkle’. Additionally, 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 jewelry, which will further accelerate the growth of our business in the quarters to come.”