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ideaForge Returns To Profitability In Q2, Reports Net Profit Of ₹6.5 Cr

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ideaForge Returns To Profitability In Q2, Reports Net Profit Of ₹6.5 Cr

Dronetech major ideaForge posted a net profit of ₹6.5 Cr in the September quarter (Q2) of FY27. The company reported a profit in the fiscal year FY26 before dipping back into the red in Q1, reporting a loss of ₹2.6 Cr. It had reported a loss of ₹19.6 Cr in the year-ago quarter.

ideaForge’s operating revenue grew 124% YoY to ₹91.3 Cr in Q2 FY27 from ₹40.8 Cr in the year-ago period. Sequentially, it rose by about 33% from ₹68.6 Cr in the preceding quarter.

Defence business, which includes UAV platforms and related solutions for military and security applications, accounted for 72% of Q2 FY27 revenue, while civil applications, catering to commercial, industrial and government applications outside defence, contributed 28%.

Including other income of ₹6.3 Cr, the company’s total income for the period stood at ₹97.6 Cr. 

Meanwhile, total expenses surged 41.9% YoY to ₹90.1 Cr. At ₹48.1 Cr, the cost of materials consumed to manufacture the drones constituted more than half of the total expenditure for the quarter. 

The company turned EBITDA positive during the quarter, reporting an EBITDA profit of ₹23.2 Cr against an EBITDA loss of ₹8 Cr in the year-ago quarter. EBITDA margin improved to 25.4% from negative 19.6% in Q2 FY26.

ideaForge said that it entered FY27 with an order book of more than ₹300 Cr, of which 50% was executed in the first half of the fiscal.

“As we enter the second half of FY27, our immediate priority is to sustain the pace of execution while bringing our new platforms closer to commercialisation.


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