International Gemmological Institute (India) Limited — Board Meeting, 29-07-2025: Outcome of Board Meeting

International Gemmological Institute (IGIL) has announced a board meeting where it approved consolidated financial results. For Q1 FY25, revenue from operations was Rs 300.91 Cr with a profit of Rs 126.53 Cr. For the half-year, revenue reached Rs 605.70 Cr and profit was Rs 267.25 Cr. IPO funds were used: Rs 1,300 Cr for its Belgium/Netherlands acquisition (fully) and Rs 84.01 Cr for general corporate purposes, with Rs 25.73 Cr still unutilized. IGIL also incorporated a new direct subsidiary, IGI Diamonds and Gemstones Testing Laboratory L.L.C., in Dubai during the quarter.