IGIL shares jump 10% to upper band after Q2 profit rises 43%
IGIL lifted consolidated net profit 43% year on year in the second quarter of fiscal 2026-27, and its shares on the NSE hit the day's upper price band.
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what happened
Shares of International Gemological Institute Limited (IGIL) rose 10% on the NSE on Thursday, October 22, reaching the upper price band of Rs 353.20. The stock opened about 6% higher at Rs 339 from the previous close of Rs 321.10, ending a two-day losing streak. Nearly 5 million shares changed hands before trading was halted.
The company reported results for the second quarter of the current fiscal year. Consolidated profit after tax climbed 43% year on year to Rs 185.8 crore, while revenue from operations rose 31% to Rs 398 crore. EBITA grew 39% and the EBITDA margin reached 61.4%. According to TradingView, the growth was broad-based, with lab-grown diamond loose stones up 37% and lab-grown diamond jewellery up 47%.
why it matters
The news concerns a mid-sized company, but it points to steady demand for gemstone certification, including lab-grown stones. For investors in India's jewellery sector, the margin trend is a reference point in a segment where lab-grown stones are gaining share.
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- International Gemological Institute shares hit 10% upper circuit as Q2 net profit rises 43% YoY — TradingView, 22 October 2026 at 08:15 UTC
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