ideaForge Technologies Shares Jump 18% After Q4 Profit Turnaround

ideaForge Technologies Ltd did not have a quiet Monday. The drone maker's shares climbed over 18% to ₹722 at 10:45 AM on 4 May. This rally came after the company posted its strongest quarterly performance.

ideaForge shares have gained more than 29% in a week, 78.51% in a month and 52.38% since the start of the year. Over twelve months it has returned 86%, leaving broader market indices well behind.

Important Q4 Numbers At A Glance

• Net profit: ₹60 crore vs net loss of ₹26 crore in Q4 FY25.

• Earnings Before Interest, Tax, Depreciation and Amortisation: ₹62 crore vs loss of ₹22 crore in Q4 FY25.

• Revenue: ₹141 crore, up sevenfold from ₹20 crore in Q4 FY25.

• Sequential revenue growth: More than four times from Q3 FY26.

• Material costs: 11% of revenue vs 67% a year ago and 51% in Q3 FY26.

• Defence segment revenue share: 86%.

• Civil segment revenue share: 14%.

What Actually Changed

Material costs at 11% of revenue versus 67% a year ago is not a tweak. It is a fundamental shift in how the business is operating. The company executed 40% of its open order book during the quarter, delivered its highest quarterly revenue ever and did all of this while navigating supply chain disruptions caused by recent geopolitical events.

Defence drove the bulk of it, contributing 86% of revenue. The Indian Armed Forces and related procurement channels have been the engine, and Q4 showed what the business looks like when orders flow through cleanly.

First US Purchase Order

The quarter brought something else too. The Lamar Consolidated Independent School District Police Department in Texas placed ideaForge's first purchase order from the United States, deploying its drones for student safety across a school district.

ideaForge also said it is moving into the combat drones segment, targeting upcoming procurement opportunities from the Indian Armed Forces.

Also Read - Vodafone Idea Shares Rise Up To 10% On AGR Relief Boost

What The Chief Executive Said

Co-Founder and Chief Executive Officer Ankit Mehta said FY26 was the turnaround year the company had been building toward, and Q4 was where it became visible. He pointed to the combination of scale and financial discipline, noting that the company closed Q4 with positive profit after tax and FY26 with positive earnings before interest, tax, depreciation and amortisation.

Sources:

Livemint

CNBC TV18