IdeaForge Q2 Results: Mumbai-based drone technology company ideaForge Technology Ltd has registered strong profits in the September quarter (Q2 FY26). The company’s net profit increased by 41.3% year-on-year to ₹19.5 crore. This was ₹13.8 crore in the same quarter last year.
Revenue and EBITDA status
ideaForge’s revenue from operations grew 10% to ₹40.8 crore. Last year in Q2 FY25 it was ₹37.1 crore. However, EBITDA declined by 28.9%. It reached ₹11.3 crore, up from ₹15.9 crore a year ago.
The company’s gross margin stood at 50% in Q2 FY26. In the last quarter it was 61.7%. The company said that this decrease has come due to change in product mix.
Order inflow and new products
ideaForge said that on one hand it is getting work from big government projects, and on the other hand it is continuously receiving small orders from old customers. The company also recently held its first customer event PRAGYA, where it introduced new products – Q6 V2 Geo, SHODHAM M61, and FLYGHT CLOUD 2.0.
The company’s UAVs were also deployed for disaster response operations in several states during recent natural disasters.
International expansion and JV
During the quarter, ideaForge acquired First Breach Inc. through its US subsidiary. A joint venture (JV) has been formed with. Its purpose is to manufacture and market selected UAVs in the US.
Apart from this, the company’s Q6 UAV has also received NATO Stock Number (NSN). With this, it can now join the defense procurement system of NATO and its allied countries.
IdeaForge shares status
Shares of ideaForge closed at Rs 486.50, down 2.09% on Tuesday. The stock has given a return of 29.39% in the last 6 months. However, the stock has given a negative return of 19.85% in 1 year. This technology stock has fallen by 62.43% since listing.
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