Updates

International Gemmological Institute (India) Limited (IGI) reported 17% consolidated revenue growth to Rs. 1053 Cr and a 29% rise in profit after tax to Rs. 427 Cr for FY24. Grading reports increased 26%, with lab-grown diamonds driving 30% revenue growth, signaling strong market adoption.

IGI remains debt-free with cash reserves over Rs. 620 Cr.

Key acquisitions in Belgium and the Netherlands were funded mainly through Rs. 141 Cr IPO proceeds.

ESG efforts and AI-driven grading enhancements are ongoing.

The board has announced an interim dividend of Rs. 2.44 per share.