ideaForge Technology Ltd

Net Loss of Ideaforge Technology reported to Rs 19.62 crore in the quarter ended September 2025 as against net loss of Rs 13.73 crore during the previous quarter ended September 2024. Sales rose 9.87% to Rs 40.76 crore in the quarter ended September 2025 as against Rs 37.10 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales40.7637.10 10 OPM %-27.67-42.67 - PBDT-8.91-10.77 17 PBT-19.46-18.00 -8 NP-19.62-13.73 -43 Powered by Capital Market - Live

IdeaForge Technology has received an order worth approx. Rs 32 crore (all inclusive) to supply Hybrid UAVs with accessories to Ministry of Defence.Powered by Capital Market - Live

ideaForge Technology has received an order worth approx. Rs 75 crore (all inclusive) to supply AFDS/Tac cal class UAVs with accessories to Ministry of Defence. Powered by Capital Market - Live

Despite the wider loss, the company's revenue from operations increased 9.86% year on year (YoY) to Rs 40.76 crore during the quarter. The company posted a pre-tax loss of Rs 19.46 crore in Q2 FY26, as against a pre-tax loss of Rs 18 crore in Q2 FY25. Ideaforge reported a negative EBITDA of Rs 7.99 crore in Q2 FY26, improving from a negative EBITDA of Rs 9.99 crore in Q2 FY25. The EBITDA margin also improved to -19.6% in Q2 FY26 from -26.9% a year ago. As on 30th September 2025, the company's order book stood at Rs 164 crore. Ankit Mehta, CEO said, 'ideaForge has been built with grit and our perseverance. The consistent investment in innovation of substance has paid off so far in our journey. While H1 of FY 2026 has seen the reemergence of the demand signals after a muted FY 2025 for the Indian drone industry, it is our investment in next-gen platforms, new categories and GPS & comms. resilience that is paying off for us. The Armed Forces' renewed emphasis on resilient UAV procurement and Emergency Procurement Cycle 6 (EP-6) allocations from the MoD continue to be a strong tailwind for the industry and India's defence sector. In Q2, we stayed anchored on preparation and delivery to fulfill our EP-5 order while participating in EP-6 opportunities. The results have already begun to show, and more will trickle down soon. In addition to these immediate procurement initiatives, the introduction of the Defence Procurement Manual (DPM) 2025 is evidence that the government is also bringing in long-term structural changes in the defence procurement that will help advance the mission of 'Raksha Atmanirbharta' (Selfreliance in defence production). On the global front, our efforts to build on the work we have done so far continued in Q2. Our SWITCH and Q6 platforms now carry NATO Stock Numbers (NSN), reemphasising our standing as a credible player in the cutting-edge UAV technology. And our partnership with First Breach Inc. to manufacture and distribute drones in the US through a Joint Venture strengthens our presence in the US.' Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India. The counter rose 0.96% to Rs 494.75 on the BSE. Powered by Capital Market - Live

Ideaforge Technology will hold a meeting of the Board of Directors of the Company on 28 October 2025.Powered by Capital Market - Live

Ideaforge Technology has allotted 4,669 equity shares under ESOP on 10 October 2025. Post allotment, the paid-up capital of the Company stands increased from Rs. 43,24,49,340/- comprising of 4,32,44,934 equity shares of Rs. 10/- each fully paid-up to Rs. 43,24,96,030/- comprising of 4,32,49,603 equity shares of Rs. 10/- each fully paid- upPowered by Capital Market - Live

The proposed joint venture will be incorporated under the name First Forge Technology Inc., with IF and FB each holding a 50% stake. Both companies will have the right to nominate two directors each to the JV's board. Under the agreement, IF will acquire its 50% stake through license of certain specified intellectual property, technology and know-how. FB will contribute cash for its 50% stake. The new entity will focus on licensing, designing, manufacturing, assembling, marketing, and selling specific ideaForge Technology Inc. unnamed aircraft vehicles (UAVs), leveraging IF's tech and FB's infrastructure and market access. Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India. The company reported consolidated net loss of Rs 23.56 crore in Q1 FY26 compared with net profit of Rs 1.17 crore in Q1 FY25. Revenue from operations declined 85.2% YoY to Rs 12.78 crore during the quarter. The counter shed 0.46% to Rs 530.60 on the BSE.Powered by Capital Market - Live

The key equity indices traded with significant gains in the mid-afternoon trade. Investors will closely monitor IPO activity, the India-US trade deal, and developments on the tariff front. The Nifty traded near the 25,200 level. Oil & gas shares advanced after declining in the past four trading sessions. At 14:25 IST, the barometer index, the S&P BSE Sensex, advanced 505.01 points or 0.60% to 82,679.42. The Nifty 50 index added 138.95 points or 0.55% to 25,199.85. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.10% and the S&P BSE Small-Cap index shed 0.16%. The market breadth was negative. On the BSE, 1,736 shares rose and 2,199 shares fell. A total of 190 shares were unchanged. Buzzing Index: The Nifty Oil & Gas index jumped 0.30% to 11,631.95. The index fell 2.04% in the past four trading session. Castrol India (up 2.52%), GAIL (India) (up 1.16%), Adani Total Gas (up 0.94%), Petronet LNG (up 0.92%) and Reliance Industries (up 0.65%), Bharat Petroleum Corporation (up 0.59%), Gujarat Gas (up 0.53%), Aegis Logistics (up 0.51%) and Hindustan Petroleum Corporation (up 0.47%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.08% to 6.313 from the previous close of 6.309. In the foreign exchange market, the rupee edged lowerr against the dollar. The partially convertible rupee was hovering at 85.4325 compared with its close of 86.3800 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.04% to Rs 1,00,369. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.09% to 97.45. The United States 10-year bond yield rose 1.04% to 4.381. In the commodities market, Brent crude for September 2025 settlement declined 12 cents, or 0.17% to $68.47 a barrel. Stocks to Watch: Ideaforge Technology declined 6.46% after the company reported consolidated net loss of Rs 23.5 crore in Q1 FY26 compared with net profit of Rs 1.17 in Q1 FY25. Revenue from operations declined 85.17% YoY to Rs 12.78 crore during the quarter. Maharashtra Scooters shed 0.06%. The company reported a 328.09% surge in standalone net profit to Rs 35.36 crore, on a 241.54% rise in total income to Rs 29.27 crore in Q1 FY26 over Q1 FY25.Powered by Capital Market - Live

Revenue from operations declined 85.17% YoY to Rs 12.78 crore during the quarter. The company reported a pre-tax loss of Rs 25.29 crore in Q1 FY26 compared with pre-tax profit of Rs 1.56 crore in Q1 FY25. The firm reported a negative EBITDA of Rs 15.14 crore in Q1 June 2025, compared with a positive EBITDA of Rs 8.46 crore in Q1 June 2024. The EBITDA margin stood at -118.5% in Q1 FY26 against 9.8% in Q1 FY25. As on 30th June 2025, the company's order book stood at Rs 144.8 crore Ankit Mehta, CEO said, 'The first quarter of FY 2026 marked a positive start for the financial year and reinforced ideaForge's resilience: both in technology and in business. Ideaforge secured a significant Rs 137 crore order under the Government's 5th cycle of Emergency Procurement. This order followed rigorous technical evaluations and country-of-origin checks, highlighting our standing as a trusted partner to the Indian armed forces. The quarter also saw our platforms play a role in Operation Sindoor, proving effective in the high-stakes battlefield scenario, reaffirming the resilience of our indigenous product development and deep-tech foundation. Post-Operation Sindoor, government procurement has received a major boost, with the allocation of Rs 40,000 crore for the 6th cycle of Emergency Procurement for the armed forces. Additionally, the government has announced an RDI Fund of Rs 1 lakh crore, which will further boost innovation efforts in the industry. The next phase of PLI is also expected to be rolled out for drone manufacturers, which will be a major tailwind for the industry and ideaForge. Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India.Powered by Capital Market - Live

Net loss of Ideaforge Technology reported to Rs 23.56 crore in the quarter ended June 2025 as against net profit of Rs 1.17 crore during the previous quarter ended June 2024. Sales declined 85.17% to Rs 12.78 crore in the quarter ended June 2025 as against Rs 86.19 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales12.7886.19 -85 OPM %-149.302.85 - PBDT-15.518.19 PL PBT-25.291.57 PL NP-23.561.17 PL Powered by Capital Market - Live