The International Gemmological Institute (IGI) India reported that its net profit increased by 45% to INR 113.47 crore, compared to INR 78.4 crore in the same quarter last year. The company’s strong results reflect its strong position in the market.
IGI India reported that its net profit increased by 45% to Rs 250 crore in the same quarter last year. IGI’s EBITDA also surged 18% to INR 152 crore. The company is focusing on operational efficiency; its total expenses declined to INR 124 crore which was INR 138.35 crore in the same quarter last year.
Despite its strong fundamentals and financials, IGI has declined by 31% since the beginning of January 2025 due to the ongoing bearish market. In the 29 February trading session, the company traded between the INR 393 – 411 range and closed at INR 406 per share, which is 2.21% higher than the previous session.