IGIL · price
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Awaiting price reaction for this filing.
International Gemological Institute (IGI) has filed its 27th AGM notice and Annual Report for the financial year ended December 31, 2024. The AGM is scheduled for June 30, 2025 at 11:00 a.m. via video conferencing, with June 23, 2025 as the e-voting cut-off date. The company reported strong performance with revenue of Rs. 10,532 million (17% growth), EBITDA of Rs. 5,997 million (21% growth), and profit after tax of Rs. 4,273 million (29% growth). IGI maintained zero financial leverage and a net cash-positive position, with EBITDA margin of 57% and PAT margin of 41%. The company issued 10.5 million certification reports in 2024 and holds No. 1 position in India (50% market share), No. 2 globally (33% share), and leads the lab-grown diamond certification segment with 65% global share.
The strong financial results and leadership position in both natural and lab-grown diamond certification reinforce IGI's growth story for shareholders. With the AGM approaching, investors will likely focus on management's outlook, capital allocation strategy, and the company's ability to sustain its dominant market position amid evolving consumer preferences toward lab-grown diamonds.