ideaForge Q4 FY26 Revenue at ₹141 Cr, PAT at ₹60 Cr; FY26 Orders ~₹530 Cr
Ideaforge Technology reported Q4 FY26 revenue of ₹141 Cr and PAT of ₹60 Cr. FY26 saw record order bookings of ~₹530 Cr. The company is expanding into combat drones and secured its first US order. CEO Ankit Mehta highlighted FY26 as a turnaround year with profitable growth.
The announcement details record financial performance, significant order bookings, entry into new combat drone segments, and international market expansion, which are all material events for the company's growth and investor outlook.
The company reported its strongest quarterly performance with record order bookings, positive PAT and EBITDA, and strategic expansion into new segments and international markets, indicating strong future prospects.
Ideaforge Technology Limited announced its audited financial results for the quarter and year ended March 31, 2026. The company reported its strongest quarterly performance with revenue of ₹141 Crore and Profit After Tax (PAT) of ₹60 Crore (42.5%) in Q4 FY26. For the full fiscal year FY26, the company achieved its highest-ever annual order bookings of approximately ₹530 Crore from defence and civil customers.
In Q4 FY26, ideaForge executed 40% of its open order book, including deliveries of electronic warfare (EW) resilient systems after extensive acceptance testing. The company also reported an EBITDA of ₹27 Crore (12.0%) in FY26. The company is expanding into the combat drones segment, developing long-range strike platforms, loitering munitions, and kamikaze drones for upcoming procurement opportunities from the Indian Armed Forces.
Internationally, ideaForge received its first purchase order in the United States from Lamar Consolidated Independent School District Police Department and became the first Indian drone company to train NATO forces at the U.S. National Test Pilot School. Additionally, a strategic MoU was signed with Digital Media Professionals Inc. (DMP) to expand business in Japan and develop next-generation AI drones.
Mr. Ankit Mehta, Co-Founder and CEO of ideaForge Technology, stated that FY26 has been a turnaround year, with Q4 crystallizing their vision. He highlighted the company's order execution in Q4, achieving the highest quarterly revenue despite supply chain challenges. The company demonstrated a turnaround towards profitable growth, closing Q4 with positive PAT and FY26 with positive EBITDA. He further mentioned the active development of combat drones and expressed confidence entering FY27 with a focus on creating long-term value.
Financial highlights for Q4 FY26 include Revenue of ₹141 Crore, Gross Profit of ₹95.4 Crore (67.6%), and PAT of ₹60.0 Crore (42.5%). For FY26, Revenue stood at ₹226.1 Crore, Gross Profit at ₹131.2 Crore (58.0%), and EBITDA at ₹27.1 Crore (12.0%), with a PAT of -₹17.0 Crore (-7.5%).
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