ideaForge takes flight as Q2 FY27 revenue jumps 124% to Rs 91 Cr
ideaForge Technology, an Indian drone manufacturer, achieved strong financial performance in Q2 FY27 with operating revenue reaching Rs 91.3 crore, a 124% year-on-year increase. The company returned to profitability with Rs 6.5 crore profit after tax and 7.1% net margin, reversing prior-year losses. Defence orders drove 72% of revenue, with civil and enterprise segments contributing the remainder through mapping, monitoring, and cloud-based services.
Key points
- Revenue surged 124% YoY to Rs 91.3 crore in Q2
- Returned to profitability with Rs 6.5 crore PAT
- Defence contracts represent 72% of operating revenue
- H1 FY27 operating revenue grew 199% YoY to Rs 159.9 crore
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