| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 141.04 | 347.1% | 594.5% |
| Total Income | 153.49 | 349.4% | 520.4% |
| Expenditure | 92.75 | 32.3% | 83.9% |
| PBT | 60.75 | 269.1% | 336.4% |
| Net Profit | 59.99 | 277.2% | 333.4% |
| OPM | 43.75% | 127.84pp | |
| NPM | 39.09% | 138.20pp | |
| EPS | 13.72 | 77.0% | 131.8% |
ideaForge Q4 FY26 Revenue ₹141 Cr, PAT ₹60 Cr; FY26 orders ₹530 Cr
30 Apr 2026 · 30 Apr, 8:48 pm
Summary
ideaForge Technology Limited announced a robust performance for Q4FY26 and the full fiscal year, achieving its strongest quarterly results with ₹141 crore in revenue and ₹60 crore in Profit After Tax, yielding a 42.5% PAT margin. The company recorded its highest-ever annual order bookings of approximately ₹530 crore for FY26, alongside an EBITDA of ₹27 crore at a 12.0% margin, signaling a path towards profitability and improved overall margins. CEO Ankit Mehta commented on FY26 as a 'turnaround year,' attributing success to deep R&D investments and operational resilience that enabled high-volume order execution despite global supply chain challenges. The company is also strategically expanding its product portfolio into combat drones and strengthening its international presence with new orders and partnerships, projecting a strong outlook for FY27.
Key Highlights
- 1
ideaForge reported its strongest quarterly performance in Q4FY26, achieving a revenue of ₹141 crore.
- 2
Profit After Tax (PAT) for Q4FY26 stood at ₹60 crore, with a significant PAT margin of 42.5%.
- 3
The company secured its highest-ever annual order bookings, totaling approximately ₹530 crore in FY26, from both defence and civil customers.
- 4
For the full fiscal year 2026, EBITDA was ₹27 crore, representing an improved EBITDA margin of 12.0%.
- 5
ideaForge successfully executed 40% of its open order book in Q4, including the delivery and acceptance of new electronic warfare (EW) resilient systems.
- 6
The company is actively expanding its offerings into the combat drones segment, developing long-range strike platforms, loitering munitions, and kamikaze for future opportunities with the Indian Armed Forces.
- 7
Internationally, ideaForge received its first purchase order in the United States and became the first Indian drone company to train NATO forces, marking significant global expansion.
Management Comments
Ankit Mehta
FY26 has been a turnaround year for ideaForge, and Q4 has started to crystallize what we set out to build. The continued momentum helped us to book our largest quantum of orders for the year. This is a testament to the deepening trust our customers place in our technology. While the improved demand was driven by market conditions, our long-term investments in deep R&D and our persistent philosophy of prioritising technology development over short-term trends have helped us capitalize on the opportunity. Our order execution in Q4 was in line with what we indicated in the last quarter, achieving our highest quarterly revenue ever, despite the major supply chain crisis owing to the recent geopolitical events. This achievement underscores the right sizing and resilience we have built across the value chain, from engineering to supply chain to manufacturing. Deliveries of our EW resilient systems after extensive end-user testing marked a clear shift from being
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