IGI Q2 Results: Consolidated PAT surges 43% to Rs 185 crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓International Gemological Institute reported a 43.14 per cent rise in consolidated profit after tax to Rs 185.8 crore on Wednesday.
- ✓Revenue from operations grew 31 per cent to Rs 398 crore.
- ✓Managing Director Tehmasp Printer said, "Lab-grown diamonds have started to witness higher adoption," as festive demand boosts all business segments.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The International Gemological Institute recently announced an impressive 43.14 percent growth in profit after tax for the previous quarter. Operational revenue rose by 31 percent compared to last year. Demand for both lab-grown and natural diamonds remains strong, particularly as the festive season approaches, prompting retailers and manufacturers to anticipate a surge in sales across their segments.
International Gemological Institute (IGI) on Wednesday reported a 43.14 per cent rise in consolidated profit after tax (PAT) to Rs 185.8 crore, on healthy demand and strong operational execution.
The company's PAT was Rs 129.8 crore during the corresponding period of the previous fiscal year, the company said in a regulatory filing.
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