International Gemmological Institute share price hits 5% upper circuit as profit up 12% to ₹141 crore

International Gemmological Institute (India), which certifies jewellery, posted an 11.6% increase in its consolidated profit after tax to ₹140.7 crore in the first quarter of the calendar year 2025, the company said in an exchange filing on Monday, April 21.

The net profit was ₹126 crore in the same period a year ago.

Revenue from operations surged 9.6% to ₹304.7 crore in the quarter under review, compared to ₹278 crore a year back.

The total income was ₹313.2 crore in the latest January-March quarter as against ₹276.8 crore in Q4 FY24.

EBITDA (Earnings before interest, taxes, depreciation and amortisation) advanced 12.6% to ₹195.5 crore from ₹173.7 crore in the March quarter of the previous fiscal.

International Gemmological Institute share price

Following the earnings, the International Gemmological Institute share price hit 5% upper circuit to trade at ₹370.95 apiece on the National Stock Exchange (NSE).

The company's market capitalisation stands at ₹16,030.96, while the free float m-cap is ₹2,068.09 crore.

The ₹4,225 crore International Gemmological Institute IPO was a combination of a fresh issue of 3.54 crore shares worth ₹1,475 crore as well as an offer for sale of ₹2,750 crore. It made its secondary market debut on December 20, 2024.

The stock is trading 11% below its issue price of ₹417.

According to the regulatory filing, the company has utilised ₹1,300 crore of the fresh issue proceeds for "payment of the purchase consideration for the acquisition of the IGI Belgium Group and IGI Netherlands Group" from the promoter. The firm has also used ₹70.7 crore for general corporate purposes.