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Earnings Call Transcript

ideaForge Technology Earnings Call Transcript: Key Takeaways

Ideaforge delivered steady Q1 FY27 results, converting 20% of its order book into revenue. Management is focused on executing its 256.8 Cr backlog while aggressively developing high-altitude combat and logistics drone capabilities.

Highlights
Revenue growthRevenue grew significantly to 68.6 Cr vs 12.8 Cr YoY.
MarginsGross margin at 49%; blended FY guidance remains 50-55%.
Order bookBacklog of 256.8 Cr to be executed by Q3.
Demand visibilityStrong defense pipeline of 20,000 Cr under fast-track mode.
Management confidenceConfident, focusing on technological sovereignty and deep indigenization.

Growth

Revenue surged to 68.6 Cr from 12.8 Cr YoY, driven by order execution and positive EBITDA.

Outlook

Executing remaining 256.8 Cr order book by Q3 FY27; targeting new 20,000 Cr defense procurement pipe.

Risks

Supply chain pressure on thermal cameras and electronics may delay specific deliveries despite strong order book.

Last quarter's promises, checked

Delivered

  • Guided positive FY26 EBITDA → delivered positive FY26 EBITDA (= BEAT)
  • Guided 40% Q3 order book execution in Q4 → delivered 40% execution (= BEAT)
  • Guided 40-45% Q4 order book conversion → delivered 40% conversion (= BEAT)

Partly delivered

  • Guided 50-55% blended annual margin → delivered 49% in Q1 (= PARTIAL)
Source

Earnings Call Transcript 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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