ideaForge Posts Rs 6.5 Crore Q2 Profit Against Last Year's Loss
The drone maker's revenue rose 124% year on year to Rs 91.3 crore in the September quarter.
Key Takeaways
- ideaForge reported a net profit of Rs 6.5 crore in Q2 FY27.
- The same quarter last year ended in a net loss of Rs 19.6 crore.
- Revenue from operations rose 124% year on year to Rs 91.3 crore.
- EBITDA was Rs 23.2 crore, an EBITDA margin of 25.4%.
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ideaForge Technology reported a net profit of Rs 6.5 crore for the September quarter of FY27 (Q2 FY27), against a net loss of Rs 19.6 crore in the same quarter last year. The drone maker's revenue from operations rose 124% year on year to Rs 91.3 crore.
Revenue was also up about 33% from Rs 68.6 crore in the June quarter (Q1 FY27), when the company reported a net loss of Rs 2.6 crore.
ideaForge Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Net profit | Rs 6.5 crore |
| Net result in Q2 FY26 | Loss of Rs 19.6 crore |
| Revenue from operations | Rs 91.3 crore, up 124% year on year |
| Revenue in Q2 FY26 | Rs 40.8 crore |
| Revenue in Q1 FY27 | Rs 68.6 crore |
| EBITDA | Rs 23.2 crore, against a loss of Rs 8 crore in Q2 FY26 |
| EBITDA margin | 25.4% |
| Quarter ended | September 30, 2026 |
What ideaForge said about its order book
Chief executive Ankit Mehta said the company executed more than 50% of its opening FY27 order book during the first half of the year. The company entered FY27 with an order book of more than Rs 300 crore.
Where ideaForge stands after the September quarter
For the first half of FY27, ideaForge reported revenue of Rs 159.9 crore and a net profit of Rs 3.9 crore. In the first half of FY26, it had reported revenue of Rs 53.5 crore and a net loss of Rs 43.2 crore.
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