| Revenue growth | 124% YoY; 33% QoQ in Q2 FY27 |
|---|---|
| Margins | Gross 54.3%, EBITDA 25.4% (Q1 6.2%); H1 EBITDA 17.2% |
| Order book | INR 2,022 Mn end-Q2, down from INR 2,568 Mn |
| Demand visibility | FTP INR 200 Bn; DAC INR 2,120 Bn proposals; RFPs awaited |
| Management confidence | Confident on pipeline; cites execution momentum, caveats supply chain |
Growth
Q2 revenue +124% YoY and +33% QoQ. H1 revenue INR 1,598.7 Mn (+199%). H1 PAT INR 38.7 Mn vs loss INR 431.7 Mn.
Outlook
No numeric guidance. INR 200 Bn FTP RFP at advanced evaluation. INR 2,120 Bn DAC-cleared proposals. New platforms targeted for H2.
Risks
Supply-chain constraints and customer approval delays. Order book fell QoQ to INR 2,022 Mn. H1 operating cash outflow INR 780.4 Mn.
Last quarter's promises, checked
Partly delivered
- Blended GM 50-55% FY27 → Q2 54.3% in band; Q1 49% (= PARTIAL)
- Deliver INR2,568 Mn order book by Q3 → Q2-end INR2,022 Mn, down 546 Mn; Q3 unproven (= PARTIAL)
- ≥2 FTP outcomes in FY27 → FTP INR200 Bn at advanced evaluation, no award yet (= PARTIAL)
Missed
- Field trials ~Jul-26 (per analyst) → 'trials not happened yet'; now H2 readiness (= MISS)
Investor Presentation filed with BSE, NSE: IDEAFORGE. Summary written with AI assistance from the document.
ideaForge Technology Ltd: key numbers
- Share price
- ₹639.25
- Market cap
- ₹3,179 Cr
- Revenue (annual)
- ₹226.1 Cr
- Net profit (annual)
- ₹-17.03 Cr
- P/E (TTM)
- 808.4×Sector 51.7×
- Promoter holding
- 25.25%-3.71% QoQ
- FII holding
- 7.27%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from ideaForge Technology Ltd
All →ideaForge Technology Results Update
ideaForge reported Q2 FY27 revenue of ₹91.3 crore and PAT of ₹6.5 crore, turning profitable. H1 revenue reached a record ₹159.9 crore.
ideaForge Technology Q2 FY27 Results: Turns Profitable, Net Profit ₹6.5 Cr
ideaForge Technology Ltd reported revenue from operations of ₹91.3 Cr (+123.8% YoY) and net profit of ₹6.5 Cr for Q2 FY27.
- Key figure
- Net profit ₹6.5 Cr
ideaForge Technology Merger & Restructuring
ideaForge's US subsidiary terminated its JV agreement with First Breach Inc. on October 23, 2026. Closing never occurred, so no shares were issued or capital contributed.
ideaForge Technology Board Meeting Date
IdeaForge Technology scheduled a Board meeting for November 2, 2026, to approve Q2 and H1 unaudited results. Trading window remains closed until 48 hours post-declaration.
ideaForge Technology Other Announcement
Ideaforge Technology Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026. The filing includes a category reclassification for Vipul Joshi.
ideaForge Technology Management Change
Mr. Nilesh Ranjan Jaywant has resigned as the Company Secretary, Compliance Officer, and KMP of ideaForge Technology Limited, effective December 25, 2026.