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Ideaforge Technology Ltd

Q2 FY27Aerospace & Defense

Ideaforge Technology Q2 Results 2026 (FY27) investor presentation: Revenue & Margins

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Price₹639
Market cap₹3.2K Cr
P/E808.8
Updated2 Nov 2026
Read4 min read

Based on Ideaforge Technology Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Q2 FY27 Revenue from Operations: INR 912.9 Mn, up 124% YoY from INR 407.6 Mn in Q2 FY26 (Page 15, 13) - H1 FY27 Revenue from Operations: INR 1,598.7 Mn, up 199% YoY from INR 535.4 Mn in H1 FY26 (Page Quarter (Q2 FY27) Financials (INR Mn): - EBITDA: 232.3 Mn (vs -79.9 Mn in Q2 FY26) — Turnaround from negative to positive.

From Ideaforge Technology Ltd's Q2 FY27 earnings-call transcript · updated 2 Nov 2026.

Revenue & Sales Performance

  • Q2 FY27 Revenue from Operations: INR 912.9 Mn, up 124% YoY from INR 407.6 Mn in Q2 FY26 (Page 15, 13)
  • H1 FY27 Revenue from Operations: INR 1,598.7 Mn, up 199% YoY from INR 535.4 Mn in H1 FY26 (Page 15, 14)
  • Volume metric: Over 1,00,000 flights launched YTD FY27; 1,050,000+ flights completed by customers as of Sept 2026 (Page 5)
  • Order book: Executed over 50% of FY27 opening order book by Q2 (Page 4, 7)

2 more points from Ideaforge Technology Ltd's call on revenue

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Profitability & Margins

See what Ideaforge Technology Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • There is mention of ongoing product development including a hybrid variant of the ZOLT UAV and combat capabilities, but these relate to R&D rather than capital expenditure or facility expansion.
  • The Agreement signed with Technology Development Board for RDI funding of INR 1,510 Mn to develop a logistics platform (YETI) is noted—this is an R&D funding initiative rather than a capex project.
  • Capital work-in-progress is listed as zero in the balance sheet as of 30-Sep-26, indicating no ongoing plant/capex projects.
  • Intangible assets under development total INR 1,476.2 Mn, reflecting investment in technology development rather than physical capacity expansion.

Top-ranked in Aerospace & Defense

Ranked on what management guided this quarter

Guidance-ranked
1Rossell Techsys
Rev 1Mar 1
2Shree Refrigerat
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Ideaforge Technology Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The investor presentation states the order book position as follows:
  • End of Q2 FY27 order book was 3,142 Mn INR.
  • This is compared to 3,508 Mn INR at the end of Q1 FY27 and 1,640 Mn INR at the end of Q2 FY26.
  • More than 50% of the FY27 opening order book was executed in H1 FY27.
  • The CEO’s comments mention that they have maintained execution momentum despite supply chain and approval delays.
  • It also notes that the estimated opportunity under the Fast Track Procurement (FTP) programme is INR 200 Bn.

2 more points from Ideaforge Technology Ltd's call on order book

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Ideaforge Technology Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27

Q2 FY27 figures are not in this chart yet. Latest shown: Jun 2026 (Q1 FY27). The Q2 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹69 Cr, net loss ₹3 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Others in Aerospace & Defense this season

  • Zen Technologies (Q2 FY27)

    Sales: ₹345.13 crore (Page 6) . Key investor presentation takeaways from Zen Technologies Ltd's Q2 FY27 investor presentation — and how it ranks against sector

  • Bharat Electron (Q2 FY27)

    Revenue from operations (consolidated) for the quarter ended 30 September 2026: ₹7,32,772 lakhs. Key results statement takeaways from Bharat Electronics Ltd's Q

  • Krishna Defence (Q2 FY27)

    Year-on-year (YoY) growth: 55.7% (Q2 FY27 vs Q2 FY26) . Key investor presentation takeaways from Krishna Defence & Allied Industries Ltd's Q2 FY27 investor pres

  • Paras Defence (Q2 FY27)

    Implied YoY increase significant (~65-70%, based on segment and other expenses data) . Key results statement takeaways from Paras Defence and Space Technologies

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Frequently Asked Questions

What were Ideaforge Technology Ltd Q2 FY27 results?

Q2 FY27 Revenue from Operations: INR 912.9 Mn, up 124% YoY from INR 407.6 Mn in Q2 FY26 (Page 15, 13) - H1 FY27 Revenue from Operations: INR 1,598.7 Mn, up 199% YoY from INR 535.4 Mn in H1 FY26 (Page Quarter (Q2 FY27) Financials (INR Mn): - EBITDA: 232.3 Mn (vs -79.9 Mn in Q2 FY26) — Turnaround from negative to positive.

What is Ideaforge Technology Ltd share price analysis?

Ideaforge Technology Ltd currently shows a neutral. The stock trades at a P/E of 808.8 with a market cap of ₹3,179 Cr. Investors should review the full earnings analysis for detailed insights.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.