ALFA Finder| Revenue growth | ₹91.3 Cr in Q2, up 124% YoY and 33% QoQ. |
|---|---|
| Margins | Gross margin 54.3%, varying by product mix; EBITDA margin 25.4%. |
| Order book | ₹202.2 Cr as of Sept 30, 2026; execution prioritized. |
| Demand visibility | Strong visibility in defense ISR and combat UAV segments; global opportunities. |
| Management confidence | Confident, emphasizing proactive technology investments and early identification of customer needs. |
Growth
H1 revenue hit record ₹159.9 Cr; Q2 revenue grew 33% QoQ with 54.3% gross margins.
Outlook
Executing ₹202.2 Cr order book; targeting ₹20,000 Cr fast-track procurement opportunities across ISR and combat segments.
Risks
Persistent global supply chain constraints and customer approval delays for deliveries remain key execution risks.
Last quarter's promises, checked
Delivered
- YETI LoI up to ₹151 Cr → secured ₹151 Cr at 4% (= BEAT)
- Opening order book >20% delivered in Q1 → 50% executed by Q2 (= BEAT)
Partly delivered
- Blended GM 50–55% for FY27 → Q2 54.3%, H1 not disclosed (= PARTIAL)
- ₹256.8 Cr order book to deliver by Q3 → ₹202.2 Cr still open at 30 Sep, Q3 unresolved (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: IDEAFORGE. Summary written with AI assistance from the document.
ideaForge Technology Ltd: key numbers
- Share price
- ₹714.15
- Market cap
- ₹3,551 Cr
- Revenue (annual)
- ₹226.1 Cr
- Net profit (annual)
- ₹-17.03 Cr
- P/E (TTM)
- 118.3×Sector 51.9×
- 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 Other Announcement
Director Vipul Joshi's pledge over 3,70,370 ideaForge shares was released on 22 October 2026 after loan repayment. The filing reports no change in his holding.
- Value
- ₹25.00 Cr
ideaForge Technology Investor Presentation: Key Takeaways
Q2 FY27 revenue INR 912.9 Mn (+124% YoY), PAT INR 64.6 Mn (7.1% margin), EBITDA 25.4%, a turnaround from loss. Defence is 72% of revenue.
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.