ideaForge shares jump 7% as firm swings to profit in Q2, revenue soars 124% YoY

Its EBITDA margin as a result jumped to 25.4%, from a negative 19.6%. “The timely execution of its order book, despite global supply chain bottlenecks, highlights ideaForge’s ability to scale operations and deliver on customer commitments without compromising on quality,” it said in a press release.Another key milestone during the quarter was the signing of an agreement with the Technology Development Board (TDB) for Rs 151 crore in Research, Development and Innovation (RDI) funding to support the development of YETI, ideaForge's indigenous middle-mile logistics UAV platform, the company said, noting that the RDI funding is in the form of a long-term debt facility and a low interest rate.The all-electric aircraft is designed to carry payloads of up to 200 kg and operate over distances of up to 200 km, depending on the payload at very high altitudes.

“YETI represents the company’s efforts to extend autonomous aerial capabilities to complex logistics requirements. The funding supports the development of advanced indigenous technology and highlights the potential of unmanned systems to address emerging requirements across logistics and infrastructure,” it added.Speaking about the earnings, ideaForge Co-Founder and CEO Ankit Mehta said Q2 FY27 saw continued progress in order book execution, new product development, and preparations to capitalise on upcoming procurement opportunities.

“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. The combination of an expanding product portfolio, stronger indigenous technology capabilities, and growing procurement opportunities gives us confidence in the road ahead,” he added.Mehta further said that the company remains focused on translating these developments into new orders, consistent revenue growth and improved profitability, while strengthening ideaForge's position as a trusted technology partner to India's defence forces and enterprises.

The stock is, however, up more than 43% in 2026 so far, even as the broader NIFTY 50 index plunged 10% amid multiple headwinds.In the longer term, the stock has jumped 38% in one year but fallen 16% in three years.Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication.

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