Shares of International Gemmological Institute (IGI India) surged over 6% to ₹431.50 in early trade on Tuesday after the company posted strong financial performance for the second quarter of calendar year 2024.
The company reported a net profit of ₹126.53 crore, rising sharply from ₹77.84 crore in the same quarter last year. Revenue increased 16% YoY to ₹300.91 crore, compared to ₹259.95 crore a year ago.
A key highlight was the EBITDA growth of 37% year-on-year, with margins expanding significantly to 57.5% from 48.7% in the corresponding period last year.
At 9:18 AM, the stock was trading at ₹431.50, up ₹24.60 or +6.05%, reflecting investor optimism following the robust earnings.
Disclaimer: This article is for informational purposes only and is based on publicly disclosed financial data. It does not constitute investment advice. Please consult with a qualified financial advisor before making any investment decisions.
