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International Gemological Institute shares hit 10% upper circuit
International Gemological Institute shares hit a 10% upper circuit after reporting a 43% rise in Q2FY27 profit.
Key points
- International Gemological Institute reported a consolidated profit after tax of ₹185.8 crore for Q2FY27, a 43.14% year-on-year increase.
- Revenue from operations for the September quarter rose 31% to ₹398 crore compared to ₹303.7 crore in the previous year.
- The company's share price reached a 10% upper circuit of ₹353.20 on Thursday, October 22.
Why it matters. The stock's sharp rally follows strong financial growth driven by healthy demand and operational execution in the gems and jewellery certification industry.
International Gemological Institute shares hit a 10% upper circuit at ₹353.20 following the report of strong Q2FY27 earnings. The company reported a 43% year-on-year profit increase to ₹185.8 crore and a 31% revenue rise to ₹398 crore. Managing Director and CEO Tehmasp Printer attributed the financial growth to healthy demand and strong operational execution.
Latest updates
International Gemological Institute shares hit 10% upper circuit
International Gemological Institute (IGI) shares hit a 10% upper circuit at ₹353.20 on Thursday, October 22. The rally follows the company's Q2FY27 financial results, which showed a consolidated profit after tax of ₹185.8 crore, a 43% increase year-on-year. Revenue for the quarter ended September 2026 rose 31% to ₹398 crore. The company attributed the growth to healthy market demand and strong execution of its services.