The Board of Directors of International Gemological Institute Limited (NSE:IGIL) approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, on July 23, 2026. The statutory auditors completed a limited review and expressed an unmodified conclusion on the results, filed with the National Stock Exchange and BSE Limited.
Key Highlights
- Board approved unaudited standalone and consolidated financial results for Q1 FY27 ended June 30, 2026, at a meeting held on July 23, 2026, commencing at 12:50 p.m. and concluding at 3:18 p.m. IST.
- Statutory auditors MSKA and Associates LLP conducted a limited review under Standard on Review Engagements (SRE) 2410 and issued an unmodified conclusion on the financial statements.
- Standalone revenue from operations stood at Rs 2,861.55 million for Q1 FY27, compared to Rs 2,341.30 million in Q1 FY26.
- Standalone profit for the quarter reached Rs 1,546.02 million, with total comprehensive income of Rs 1,548.40 million.
- Earnings per share on a basic and diluted basis were Rs 3.58 and Rs 3.46 per share respectively for Q1 FY27 (not annualised for quarters).
- Financial results prepared under Indian Accounting Standards (Ind AS) in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
About the Company
International Gemological Institute Limited, formerly known as International Gemmological Institute (India) Limited, operates as a single-segment entity focused on certification of diamonds, gemstones, and jewellery, along with related education services. Listed on the National Stock Exchange under ticker IGIL and on the BSE with Scrip Code 544311, the company maintains its registered office at 702, 7th Floor, The Capital, Bandra Kurla Complex, Bandra (East), Mumbai 400051. With CIN L46591MH1999PLC118476, the company operates multiple locations across India including Ahmedabad, Bengaluru, Chandigarh, Chennai, Coimbatore, Goa, Gurugram, Hyderabad, Kochi, Kolkata, and Pune. The company also maintains an international presence with revenue generated from markets outside India. During Q1 FY27, within-India revenue accounted for Rs 2,757.67 million of total standalone operations revenue.
Announcement in Detail
The Board of Directors of International Gemological Institute Limited, at its meeting held on Thursday, July 23, 2026, considered and approved the unaudited financial results (standalone and consolidated) of the company for the quarter ended June 30, 2026, along with the limited review report of the statutory auditors. The meeting commenced at 12:50 p.m. IST and concluded at 3:18 p.m. IST. The company's statutory auditors, M S K A and Associates LLP (Chartered Accountants, ICAI Firm Registration No. 105047W/W101187), conducted the limited review in accordance with Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India.
The unaudited standalone financial results reflect standalone revenue from operations of Rs 2,861.55 million and other income of Rs 160.26 million for Q1 FY27, resulting in total income of Rs 3,021.81 million. Total expenses stood at Rs 959.08 million. The profit before tax was Rs 2,062.73 million, from which current tax of Rs 496.94 million and tax adjustment relating to earlier years of Rs 19.77 million were deducted, yielding a profit for the quarter of Rs 1,546.02 million. Total comprehensive income for the quarter was Rs 1,548.40 million. Earnings per share were Rs 3.58 (basic) and Rs 3.46 (diluted) per equity share of face value Rs 2 each (not annualised for quarters).
The statutory auditors expressed an unmodified conclusion, noting that nothing in their review caused them to believe that the statement, prepared in accordance with Ind AS 34 and other recognised accounting principles generally accepted in India, failed to disclose information required under SEBI regulations or contained any material misstatement. The company's financial year underwent a transition approved by the Board on November 5, 2025, aligning it to a calendar year ending March 31, resulting in a fifteen-month financial year ended March 31, 2026, with the current financial year commencing April 1, 2026, and ending March 31, 2027.
Impact on Investors
Investors will note that the board approval and limited review completion of Q1 FY27 results represent standard quarterly financial reporting compliance under SEBI Listing Obligations and Disclosure Requirements. The unmodified audit conclusion indicates that the statutory auditors identified no material issues or misstatements in the financial statements. The filing shows that standalone revenue from operations increased to Rs 2,861.55 million in Q1 FY27 from Rs 2,341.30 million in Q1 FY26, representing year-on-year growth of approximately 22.2 percent. Profit for the quarter of Rs 1,546.02 million in Q1 FY27 compared to Rs 1,374.80 million in the corresponding prior year quarter reflects a year-on-year improvement of approximately 12.4 percent.
Shareholders should observe that the financial transition to an April-March calendar year, approved in November 2025 and implemented with effect from April 1, 2026, establishes a standard 12-month financial year going forward. The disclosure of geographical revenue segments indicates that within-India operations generated Rs 2,757.67 million (96.4 percent of total standalone operations revenue) in Q1 FY27, with international revenue contributing Rs 103.88 million (3.6 percent). The reported earnings per share figures are not annualised for quarters and reflect actual quarterly results. Investors should review the complete financial statements, including notes and segment disclosures, filed with the exchanges for comprehensive financial analysis.
Sector / Market Context
The gemstone, diamond, and jewellery certification sector operates within India's broader gems and jewellery industry, which constitutes a significant segment of the country's exports and domestic consumption. India's gems and jewellery sector plays a notable role in global diamond cutting and polishing, with the industry supported by certification bodies that provide authentication and grading services. The sector's growth trajectory is influenced by global jewellery demand, precious metal prices, consumer spending patterns, and international trade flows. Companies operating in certification services face demand drivers linked to global luxury consumption trends and the expansion of organised retail in jewellery markets. The regulatory framework governing listed companies requires quarterly financial reporting and limited auditor reviews for interim periods, which International Gemological Institute has completed and disclosed to the exchanges in compliance with applicable standards.