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Gaurav Narendra Puri

28th Nov · SEBI-Registered Analyst

With sales projections of 15–20%, IGI maintains a robust growth outlook.

IGL
The International Gemological Institute (IGI) wants to end the year with 20% growth in earnings before interest, taxes, depreciation, and amortization (EBITDA) and 15% growth in revenue. Chief Financial Officer Eashwar Iyer stated, "We are at about 16% growth in certification revenue so far, and EBITDA growth is about 22%." The company recorded a 26% increase in volumes and a 20% year-over-year increase in revenue in the third quarter, which was bolstered by performance in several important business divisions.

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