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ideaForge returns to profitability in Q2 FY27 with Rs 91 Cr revenue

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ideaForge returns to profitability in Q2 FY27 with Rs 91 Cr revenue

Drone maker ideaForge Technologies more than doubled its operating revenue in the second quarter of FY27, while it returned to profitability during the period.

ideaForge’s revenue from operations jumped 123.9% to Rs 91.28 crore in Q2 FY27 from Rs 40.76 crore in the corresponding quarter of the previous fiscal year, according to its financial results filed with the National Stock Exchange (NSE).

The company reported Rs 6.28 crore in other income, taking its total income to Rs 97.6 crore in Q2 FY27, compared with Rs 44 crore in Q2 FY26.

On the expense side, cost of materials consumed remained the largest expense head, surged 90.9% to Rs 42 crore in Q2 FY27 from Rs 22 crore in the year-ago period. Employee benefit expenses increased 10% to Rs 16.58 crore from Rs 15.07 crore, while depreciation expenses rose 39.8% to Rs 14.75 crore from Rs 10.55 crore.

Meanwhile, other expenses edged up 4.8% to Rs 16.67 crore from Rs 15.90 crore. Overall, ideaForge’s total expenses increased 41.7% to Rs 90 crore in Q2 FY27 from Rs 63.52 crore in Q2 FY26.

As a result, ideaForge reported a net profit of Rs 6.5 crore in Q2 FY27, against a net loss of Rs 19.62 crore in the corresponding quarter last year.

5 crore in H1 FY26. 32 crore in the corresponding period last fiscal.



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