Ideaforge Technology's Q2 FY 2026-27 Quarterly Results

Result Summary

• Ideaforge Technology Ltd reported a 38.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 121.5%.
• Its expenses for the quarter were up by 9.2% QoQ and 41.9% YoY.
• The net profit decreased 349.4% QoQ and decreased 132.9% YoY.
• The earnings per share (EPS) of Ideaforge Technology Ltd stood at 1.3 during Q2 FY 2026-27.

Financial Statments for Q2 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Ideaforge Technology Ltd is a company that operates in the technology sector, focusing on providing innovative solutions and products. The company is known for its development of unmanned aerial vehicles (UAVs), which are used across various sectors, including defense, surveillance, and agriculture. Ideaforge has established itself as a leader in the UAV industry in India, offering a range of products designed for different operational needs. The company focuses on research and development to drive technological advancements and cater to the growing demand for UAVs. Recent developments in the company might include collaborations or advancements in product lines; however, specific details are not available in the current dataset.

Revenue

In the second quarter of fiscal year 2027 (Q2FY27), Ideaforge Technology Ltd reported a total income of ₹97.56 crores. This marks a significant increase from both the previous quarter, Q1FY27, where total income was ₹70.54 crores, and the same quarter of the previous fiscal year, Q2FY26, which recorded ₹44.05 crores. The quarter-over-quarter (QoQ) growth rate for total income is 38.3%, while the year-over-year (YoY) growth is 121.5%. This substantial growth in revenue is indicative of the company's expanding market presence and possibly increased sales of its UAV products.

Profitability

In Q2FY27, Ideaforge Technology Ltd achieved a profit before tax of ₹7.44 crores, which is a turnaround from a loss before tax of ₹11.96 crores in Q1FY27 and a loss of ₹19.46 crores in Q2FY26. The QoQ change in profit before tax is -162.2%, and the YoY change is -138.2%. The tax expense for Q2FY27 was ₹0.98 crores, compared to a tax benefit of ₹9.38 crores in Q1FY27 and a tax expense of ₹0.16 crores in Q2FY26. The profit after tax for Q2FY27 is ₹6.46 crores, which is an improvement from a loss of ₹2.59 crores in Q1FY27 and a loss of ₹19.62 crores in Q2FY26. The QoQ change in profit after tax is -349.4%, and the YoY change is -132.9%. Earnings per share (EPS) for Q2FY27 is ₹1.30, compared to -₹0.59 in Q1FY27 and -₹4.49 in Q2FY26, showing a QoQ change of -320.3% and a YoY change of -129.0%.

Operating Metrics

Total expenses for Ideaforge Technology Ltd in Q2FY27 were ₹90.12 crores, representing an increase from ₹82.51 crores in Q1FY27 and ₹63.51 crores in Q2FY26. The QoQ increase in total expenses is 9.2%, while the YoY increase is 41.9%. This rise in expenses may reflect increased operational activities or investment in R&D and production capabilities. Despite the rise in expenses, the company has managed to achieve profitability over the previous quarters. The financial data suggests improvements in operational efficiency or scaling of business activities, as indicated by the positive profit margins despite higher operational costs.