International Gemmological Institute (India) (IGIL) Q3 24/25 earnings summary

Executive summary

• Achieved strong growth momentum in Q3 2025, with all business segments contributing to performance year-over-year.

• Q3 CY25 saw revenue from operations grow 21% YoY and EBITDA rise 20% YoY, with certification volumes up 26% YoY to 3.45 million reports.

• For 9M CY25, revenue from operations increased 15% YoY, EBITDA grew 22% YoY, and certification volumes rose 25% YoY to 9.60 million reports.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended September 30, 2025, were approved by the Board on November 5, 2025.

• Enhanced brand visibility through sponsorship of the Women's World Cup Cricket team and expanded CSR activities.

Financial highlights

• Q3 2025 consolidated revenue from operations grew 21% YoY to INR 3,037 Mn; EBITDA up 20% YoY to INR 1,763 Mn; PAT up 18% YoY to INR 1,298 Mn.

• Nine-month consolidated revenue from operations rose 15% YoY to INR 9,094 Mn; EBITDA up 22% YoY to INR 5,454 Mn; PAT up 27% YoY to INR 3,971 Mn.

• Standalone Q3 revenue was INR 2,408 Mn (+27% YoY); EBITDA INR 1,754 Mn (+24% YoY); PAT INR 1,391 Mn (+29% YoY).

• Standalone nine-month revenue was INR 7,091 Mn (+19% YoY); EBITDA INR 5,282 Mn (+22% YoY); PAT INR 4,158 Mn (+26% YoY).

• Delivered 3.45 million reports in Q3 (up 26% YoY) and 9.6 million reports in nine months (up 25% YoY).

Outlook and guidance

• Confident of meeting or surpassing full-year guidance of over 15% revenue growth and 20% EBITDA growth.

• No significant change in business trends observed in early Q4; long-term outlook remains positive, especially for lab-grown diamonds.

• Management highlights margin expansion driven by operating leverage and strong revenue growth.

• The company’s financial year change will align future reporting with the April–March cycle, facilitating compliance and comparability.