ideaForge Returns To Profitability In Q2, Reports Net Profit Of ₹6.5 Cr
ideaForge, a major Indian dronetech firm, posted ₹6.5 Cr net profit in Q2 FY27 after a loss of ₹2.6 Cr in the previous quarter. The company's operating revenue surged 124% year-over-year to ₹91.3 Cr from ₹40.8 Cr in the comparable period, with total income reaching ₹97.6 Cr including other income. Expenses rose 41.9% YoY to ₹90.1 Cr, with material costs comprising over half.
Key points
- ideaForge achieves ₹6.5 Cr Q2 net profit
- Operating revenue grew 124% YoY to ₹91.3 Cr
- Sequential revenue growth of 33% from prior quarter
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