International Gemmological Institute (India) Limited (IGIL) announced its 27th Annual General Meeting (AGM) will be held on Monday, June 30, 2025, at 11:00 a.m. IST, through video conferencing/audio-visual means.
The cut-off date for determining shareholder eligibility for remote e-voting and e-voting during the AGM is Monday, June 23, 2025.
The Notice of the 27th AGM and the Annual Report for the financial year ended December 31, 2024, have been dispatched to shareholders and are available on the company's website.
For the financial year ended December 31, 2024, IGIL reported:
Turnover of ₹ 1,053.2 crore (Rs. 10,532 million), marking a 17% growth.
EBITDA of ₹ 599.7 crore (Rs. 5,997 million), showing a 21% growth.
Profit After Tax (PAT) of ₹ 427.3 crore (Rs. 4,273 million), indicating a 29% growth.
Market Capitalisation stood at ₹ 23,937.33 crore as on December 31, 2024.
CEO & MD, Tehmasp Nariman Printer, stated that the company delivered a resilient performance in CY 2024 despite global challenges like the Ukraine conflict and downward pressure on natural diamond prices due to Lab-Grown Diamonds (LGDs). He highlighted a sharp uptick in consumer adoption of LGDs which helped sustain demand.
IGIL is India’s largest gemological grading organization with a 50% market share in India, and the world’s second-largest certification laboratory with a 33% global market share, holding a 65% global market share in Lab-Grown Diamond (LGD) certification.