IdeaForge shares locked in a 20% upper circuit at ₹731.00 following the company's announcement of exceptional Q4FY26 financial results. According to market reports, the drone technology firm's stock experienced significant upward momentum as investors responded positively to the company's remarkable financial performance turnaround. The stock's performance reflects strong investor confidence in the company's operational improvements and growth trajectory.
The company delivered outstanding Q4FY26 results with revenue from operations reaching ₹141.04 crore, representing a remarkable 594.5% year-on-year growth compared to ₹20.31 crore in Q4FY25. Gross profit surged to ₹95.41 crore from ₹7.28 crore in the corresponding quarter last year, reflecting a strong 1,210.9% YoY growth. Gross margin expanded sharply to 67.6% from 35.9% in Q4FY25, demonstrating significant operational efficiency improvements. The company achieved a profit after tax of ₹59.99 crore against a net loss of ₹25.71 crore in Q4FY25, with PAT margin improving to 42.5% from negative 126.6% in the previous year.
For the financial year ended March 31, 2026, IdeaForge reported consolidated revenue from operations of ₹226.13 crore as against ₹161.22 crore in FY25, registering a growth of 40.3% YoY. Gross profit stood at ₹131.16 crore compared to ₹53.18 crore in the previous financial year, reflecting a growth of 146.6% YoY, while gross margin expanded to 58% from 33%. EBITDA for FY26 stood at ₹27.12 crore as against a negative EBITDA of ₹31.53 crore reported in FY25, with EBITDA margin improving to 12% from negative 19.6% in FY25. Net loss for FY26 stood at ₹17.03 crore as against a net loss of ₹62.28 crore reported in FY25, reflecting a sharp reduction of 72.7% YoY.
The company demonstrated robust business momentum by adding nearly ₹530 crore worth of orders during FY26, marking its highest-ever annual order booking. As of March 31, 2026, the company's order book stood at approximately ₹314.2 crore. During the quarter, the company also completed execution of nearly 40% of its open orders and reported its highest-ever quarterly revenue. Defence continued to contribute 86% of Q4FY26 revenue mix, highlighting the company's strong positioning in the aerospace and defence sector.
