International Gemological Institute Approves Audited Financial Results for FY2026
International Gemological Institute Limited announced the approval of its audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The results were reviewed and approved by the Board of Directors at a meeting held on May 20, 2026.The statutory auditors, M S K A & Associates LLP, issued an independent report on the audited Standalone and Consolidated Financial Results for the period, giving an unmodified opinion.
Financial Results Highlights
The Company's financial performance reflects figures for the quarter and financial year (fifteen months) ended March 31, 2026.Standalone Performance
For the fifteen-month period ended March 31, 2026, International Gemological Institute Limited reported key financial metrics, as shown in the following summary of the audited standalone financial statements:
| Particulars | Fifteen Months Ended 31 March 2026 (Audited) | Twelve Months Ended 31 December 2024 (Audited) |
|---|---|---|
| Total Income (Rs Million) | 13,597.51 | 8,165.23 |
| Total Expenses (Rs Million) | 3,575.06 | 2,296.96 |
| Profit Before Tax (Rs Million) | 9,672.15 | 5,868.27 |
| Total Comprehensive Income (Rs Million) | 7,239.54 | 4,378.89 |
Consolidated Performance
On a consolidated basis, the Group reported significant revenue and comprehensive income for the fifteen-month period ending March 31, 2026. The audited consolidated financial results for the quarter and financial year provide the following summary:
| Particulars | Fifteen Months Ended 31 March 2026 (Audited) | Twelve Months Ended 31 December 2024 (Audited) |
|---|---|---|
| Total Income (Rs Million) | 15,976.60 | 10,531.60 |
| Profit for the Period (Rs Million) | 7,117.97 | 1,272.90 |
| Total Comprehensive Income (Rs Million) | 7,458.57 | 4,336.18 |
Balance Sheet Overview
The Company's audited consolidated statement of assets and liabilities for the quarter and financial year ended March 31, 2026, shows the following balances:| Particulars (Rs Million) | As at 31 March 2026 | As at 31 December 2024 |
|---|---|---|
| Total Non-Current Assets | 8,998.02 | 4,849.91 |
| Total Current Assets | 9,580.34 | 10,190.71 |
| TOTAL ASSETS | 18,578.36 | 15,040.62 |
| Total Equity | 14,879.96 | 10,627.49 |
| Total Liabilities | 3,698.40 | 4,413.13 |
| TOTAL EQUITY AND LIABILITIES | 18,578.36 | 15,040.62 |
Operations and Corporate Developments
The Group continues to operate in a single operating segment, focused on the certification of diamonds, gemstones and jewellery, and related education.The Group has been undergoing a transitional financial year period. The financial period for the Company is for 15 months, commencing January 1, 2025, and ending March 31, 2026, while the previous year was of 12 months from January 1, 2024, to December 31, 2024.
In terms of corporate financing, the Board of Directors approved the utilization of proceeds, previously infused by the Company, to expand global operations. Funds were utilized by International Gemological Institute Inc. (USA) to acquire a 100% equity stake in AGL Holdco Inc., USA, for a purchase consideration of USD 13.2 million. AGL Holdco Inc. has subsequently become a wholly owned subsidiary of IGI USA and a step-down wholly owned subsidiary of IGI Belgium and the Company.
The Board of Directors also approved an infusion of funds amounting to Rs. 813.78 million by way of an investment in International Gemological Institute BV (IGI Belgium), a wholly owned subsidiary, which in turn invested the funds in IGI USA.
The Group’s total non-current assets increased to 6,781.54 million as at March 31, 2026, encompassing both domestic and outside India locations, while the total current assets reached 9,580.34 million.
IGIL Stock Price Movement
Today, International Gemological Institute Limited gained notable momentum, settling at ₹352.30 after a strong 7.00% surge in post-market trading. The advance was underpinned by robust activity, with the stock trading on a volume exceeding 1.45 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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