IDEAFORGEIdeaforge Technology Ltd.
Ideaforge Technology Q2 FY27 Results: Standalone Net Profit ₹7.75 Crore on Total Income of ₹97.48 Crore
- Earnings
- drone systems
Reviewed byRachit TripathiBlacklitt Research
Ideaforge Technology (NSE: IDEAFORGE) reported standalone total income of ₹97.48 crore and a net profit of ₹7.75 crore for the quarter ended 30 Sep 2026, it said in a filing on 02 Nov 2026. The company reports standalone results only for this quarter in the figures given.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹97.48 crore, up 117.3% YoY and 38.7% QoQ
- Net profit and EPS: ₹7.75 crore; basic EPS ₹1.56, against a loss of ₹15.06 crore a year earlier
- Depreciation: ₹14.73 crore, up 39.9% YoY, after a change in depreciation method
- Other income: ₹6.20 crore, 6.4% of total income and 78.7% of profit before tax
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 97.48 | 44.87 | +117.3% | 70.29 | +38.7% | |
| Revenue from operations | 91.29 | 41.67 | +119.1% | 68.42 | +33.4% |
| Other income | 6.20 | 3.20 | +93.7% | 1.87 | +231.5% |
| 7.75 | -15.06 | n/a | -2.31 | n/a | |
| Profit before tax | 7.87 | -15.30 | n/a | -11.68 | n/a |
| Finance costs | 1.04 | 0.92 | +12.7% | 2.04 | -49.0% |
| Depreciation | 14.73 | 10.53 | +39.9% | 14.19 | +3.8% |
| Tax expense | 0.12 | -0.24 | n/a | -9.38 | n/a |
| Net profit margin | 7.95% | -33.56% | +41.51 pp | -3.28% | +11.23 pp |
| EPS, basic (₹) | 1.56 | -3.45 | n/a | -0.53 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Revenue from operations rose 119.1% year on year to ₹91.29 crore, faster than other income, which rose 93.7% to ₹6.20 crore.
Profit before tax of ₹7.87 crore compares with a loss of ₹15.30 crore a year earlier. Finance costs of ₹1.04 crore are only 1.1% of total income.
The company changed its depreciation method for property, plant and equipment from written down value to straight line during the quarter ended 30 Jun 2026.
The tax line is a small charge of ₹0.12 crore, against a credit of ₹0.24 crore a year earlier.
The company is engaged in manufacturing and marketing of unmanned aerial vehicle systems for security and surveillance and reports a single operating segment.
The company has one wholly owned subsidiary, ideaForge Technology Inc., included in the consolidated results. The consolidated quarterly figures are not part of the standalone statement read here.
Inference
The filing says the board approved the results on 2 Nov 2026 and that the statutory auditor issued an unmodified limited review conclusion on the standalone and consolidated results.
The filing does not say how the unutilised QIP proceeds will be deployed beyond the stated categories, or whether the depreciation method change and the June 2026 tax reversal will recur. It also does not state a dividend policy.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.