ideaForge Returns to Profitability in Q2 FY27 as Revenue Jumps 124%

3 Nov 2026, 6:02 pm · 4h ago · 1 min read · YourStory

Indian drone manufacturer ideaForge returned to profitability in Q2 FY27, posting a profit after tax of ₹6.5 crore, compared to a net loss of ₹19.6 crore in Q2 FY26. Revenue from operations surged 124% year-on-year to ₹91.3 crore, driven by strong order book execution. The defence vertical contributed ₹65.7 crore, accounting for 72% of operating revenue, while civil and enterprise generated ₹25.6 crore. EBITDA stood at ₹23.2 crore with a 25.4% margin. For H1 FY27, revenue climbed 199% to ₹159.9 crore. Total expenses rose 41.8% year-on-year to ₹90.1 crore.