ideaForge Returns to Profitability in Q2 FY27 With Rs 91 Crore Revenue

2 Nov 2026, 9:24 pm · 3h ago · 1 min read · EntrackrNew

Drone manufacturer ideaForge Technologies turned profitable in Q2 FY27, posting a net profit of Rs 6.5 crore compared to a net loss of Rs 19.62 crore in Q2 FY26. Operating revenue jumped 123.9% year-on-year to Rs 91.28 crore from Rs 40.76 crore. Total expenses rose 41.7% to Rs 90 crore, driven by a 90.9% increase in material costs to Rs 42 crore. For H1 FY27, operating revenue reached Rs 160 crore, nearly triple the Rs 53.5 crore recorded in H1 FY26, while net profit dropped 10.4% to Rs 3.87 crore.