# IGI shares hit 10% upper circuit after Q2 profit jumps 43% 2026-10-22T07:02:50+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 3 independent outlets International Gemological Institute (IGI) shares locked at their 10% upper circuit of Rs 353.20 on the NSE on Thursday, 22 October, after the company reported a 43% year-on-year rise in consolidated PAT to Rs 185.8 crore for Q2 FY27. Revenue from operations grew 31% to Rs 398 crore. EBITDA rose 39% to Rs 244.5 crore, with margin expanding 340 basis points to 61.4%. The company said growth was broad-based across segments. Lab-grown diamond loose stones grew 37% year-on-year, LGD jewellery 47%, natural diamond loose stones 8% and natural diamond jewellery 3%. Coloured gemstones recorded a sevenfold increase. IGI issued 43.5 lakh certification reports during the quarter. MD and CEO Tehmasp Printer cited healthy demand and strong operational execution, noting that the festive season in India and the US holiday ordering cycle are gathering momentum. At the upper-circuit price, the stock was about 9% below its 52-week high of Rs 388 recorded in May 2026. Nearly 5 million shares changed hands before trading was halted at the circuit. ## Indian Opinion Analysis The three sources uniformly report IGI’s 43% PAT growth and 31% revenue rise, leading with the same Q2 headline figures and upper-circuit share price. Livemint adds a brief stock-return table and the CEO’s comment, while Economic Times provides the most granular segment-wise breakdown (LGD loose stones +37%, LGD jewellery +47%, coloured gemstones 7x). Business Standard includes an analyst’s technical view on support and resistance levels. The coverage is straight, wire-service-style reporting: no source foregrounds regulatory, governance or policy angles, and none adopts a government-critical or pro-government framing. The sole substantive difference is the depth of segment data and the inclusion of a technical analyst call. The uniform tenor means a balanced reading is the only available one: a company beat estimates on demand and execution, with the stock hitting its daily circuit limit on volume. Business Standard notes nearly 5 million shares changed hands before trading was halted, a concrete indicator of the rally’s intensity. ## Coverage Coverage: 3 sources, 3 neutral - livemint.com (neutral report) Straight wire-style earnings report with stock-return table - economictimes.indiatimes.com (neutral report) Detailed segment-wise growth breakdown, no slant - business-standard.com (neutral report) Adds analyst technical view, still neutral This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Tags: International Gemological Institute, lab-grown diamonds, NSE, Q2FY27, Tehmasp Printer Canonical: https://indianopinion.org/igi-shares-hit-10-upper-circuit-after-q2-profit-jumps-43/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/igi-shares-hit-10-upper-circuit-after-q2-profit-jumps-43/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/