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Earnings Call

ideaForge Technology Earnings Call: Key Takeaways

Ideaforge delivered record Q4 revenue and positive full-year EBITDA, successfully converting a large portion of its order book while validating electronic warfare capabilities through rigorous field testing.

Why this was an Alfa AlertNot a filter event. While revenue grew significantly, it was not compared against a specific prior guided range for a material beat.
Highlights
Revenue growthQ4 revenue grew 6.9x YoY; FY26 revenue up 40%.
MarginsTargeting 50-55% blended gross margins for FY27.
Order bookRecord ₹530cr inflows in FY26; FY27 opening book ₹310cr.
Demand visibilityStrong visibility through ₹310cr opening order book for FY27.
Management confidenceBalanced; focused on disciplined execution and technological leadership.

Growth

Q4 revenue surged to ₹141cr from ₹20.3cr YoY; FY26 revenue grew 40% to ₹226.1cr with a 58% gross margin.

Outlook

Enters FY27 with a ₹310cr order book; guiding for 50-55% blended gross margins.

Risks

Quarterly lumpiness remains a concern; dependence on large defense procurement cycles and geopolitical supply chain pressures pose execution risks.

Source

Earnings Call filed with BSE, NSE: IDEAFORGE. Summary written with AI assistance from the document.

Read the document ↗

ideaForge Technology Ltd: key numbers

Share price
₹729.85
Market cap
₹3,629 Cr
Revenue (annual)
₹226.1 Cr
Net profit (annual)
₹-17.03 Cr
P/E (TTM)
922.8×Sector 53.6×
Promoter holding
25.26%-3.78% QoQ
FII holding
8.27%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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