ideaForge Q2 FY27: revenue up 124% to INR 912.9 Mn as PAT turns profitable
Q2 FY27 revenue up 124% to INR 912.9 Mn; profit after tax INR 64.6 Mn versus a loss of INR 196.2 Mn a year earlier.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue from Operations
- INR 912.9 Mn, up 124% from INR 407.6 Mn a year earlier
- Q2 FY27 Profit After Tax
- INR 64.6 Mn versus a loss of INR 196.2 Mn a year earlier
- Order Book at End-Q2 FY27
- INR 2,022 Mn
- Period
- Q2 FY27 / H1 FY27
- Positioning
- The company presents itself as an Indian UAV maker ranked #3 globally in dual-use drones and first to indigenously develop hybrid VTOL UAVs, with 114 patents granted or pending and Q2 FY27 revenue split 72% defence / 28% civil.
📉 Q2 FY27 revenue from operations was INR 912.9 Mn, up 124% from INR 407.6 Mn a year earlier, with EBITDA of INR 232.3 Mn at a 25.4% margin against an EBITDA loss of INR 79.9 Mn in Q2 FY26 and profit after tax of INR 64.6 Mn versus a loss of INR 196.2 Mn.
📉 For H1 FY27 the company reports revenue of INR 1,598.7 Mn, up 199% from INR 535.4 Mn, EBITDA of INR 275.1 Mn at 17.2% against a loss of INR 231.3 Mn, and profit after tax of INR 38.7 Mn versus a loss of INR 431.7 Mn; management says over 50% of the FY27 opening order book was executed in the half year.
📋 The order book at end-Q2 FY27 was INR 2,022 Mn, well below the INR 3,508 Mn reported at Q3 FY26 though above INR 1,640 Mn a year earlier, and H1 FY27 net cash from operating activities was negative INR 780.4 Mn as working capital absorbed INR 994.7 Mn, partly offset by INR 4,095.1 Mn of financing inflows.
🎯 Management says its H2 FY27 priority is to sustain execution while bringing new platforms closer to commercialisation, citing an estimated INR 200 Bn Fast Track Procurement opportunity with the first RFP in advanced evaluation, INR 2,120 Bn of DAC-cleared proposals and INR 1,510 Mn of Technology Development Board RDI funding for the YETI logistics platform.
Also from Ideaforge Technology
Q2 FY27 revenue up 124% YoY to Rs. 91.3 crore, PAT turns positive at Rs. 6.5 crore
2 Nov 2026
Board approves Q2 and H1 FY27 results; auditors' review conclusion unmodified
2 Nov 2026
Ideaforge officials to attend Ashika Institutional Equities investor conference in Mumbai on 5 Nov 2026
2 Nov 2026
More numbers
- Revenue from operations, Q2 FY27912.9 (INR Mn)
- Profit after tax, Q2 FY2764.6 (INR Mn)
- EBITDA, Q2 FY27232.3 (INR Mn)
- Revenue from operations, Q2 FY26407.6 (INR Mn)
- Profit after tax, Q2 FY26-196.2 (INR Mn)
- EBITDA margin, Q2 FY2725.4%
- Revenue from operations, H1 FY271,598.7 (INR Mn)
- Profit after tax, H1 FY2738.7 (INR Mn)
- Order book position, end of Q2 FY272,022 (INR Mn)
- Net cash from operating activities, H1 FY27-780.4 (INR Mn)
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