ideaForge Technology Shares Surge 8% Following Strong Q4 Results
ideaForge Technology shares rally 8% after strong Q4 turnaround, posts Rs 60 crore profit
The Economic TimesImage: The Economic Times
ideaForge Technology's shares rose 8.3% to ₹792 after the company reported a net profit of ₹60 crore for Q4FY26, a significant turnaround from a loss of ₹26 crore a year ago. The revenue surged sevenfold to ₹141 crore, driven by robust order inflows and improved operational efficiency.
- 01ideaForge reported a net profit of ₹60 crore in Q4FY26, reversing a loss from the previous year.
- 02Revenue increased sevenfold to ₹141 crore compared to ₹20 crore in Q4FY25.
- 03The company achieved its highest-ever annual order booking of approximately ₹530 crore in FY26.
- 04PAT margin improved to 42.5%, indicating enhanced operational efficiency.
- 05The stock has risen nearly 96% over the past month, reflecting strong market confidence.
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ideaForge Technology, a drone manufacturer, saw its shares climb 8.3% to ₹792 during Tuesday's trading session following a strong financial performance in Q4FY26. The company reported a net profit of ₹60 crore, a significant recovery from a net loss of ₹26 crore in the same quarter last year. Revenue skyrocketed to ₹141 crore, a sevenfold increase from ₹20 crore a year earlier, driven by robust order inflows and effective execution despite global supply chain challenges. The company recorded its highest-ever annual order booking of approximately ₹530 crore for FY26, showcasing strong demand for its products. CEO Ankit Mehta highlighted that the results reflect growing customer trust and the impact of sustained investments in research and development (R&D). The company's profit after tax (PAT) margin stood at 42.5%, with an EBITDA of ₹27 crore for FY26, indicating improved operational efficiency. Additionally, ideaForge is expanding its offerings beyond intelligence, surveillance, and reconnaissance (ISR) systems into next-generation defense technologies. Over the past month, the stock has surged nearly 96%, with a market capitalization of ₹3,163 crore.
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The strong financial performance of ideaForge Technology could lead to increased job stability and growth in the drone manufacturing sector, benefiting employees and suppliers.
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