The company reversed an operating loss by posting an EBITDA of Rs 23.2 crore on quarterly operational revenues of Rs 91.29 crore. Beyond the financial recovery, ideaForge finished field trials for its ZOLT Hybrid drone and introduced a combat-oriented edition to its portfolio. Additionally, a new Rs 151 crore financing package from the Technology Development Board will support engineering for the YETI logistics aircraft. Chief executive Ankit Mehta highlighted that operational execution and product commercialization remain the primary corporate focus for the remainder of the fiscal year.
Key points
Expanding product portfolios and returning to operational profitability have counterbalan…: Expanding product portfolios and returning to operational profitability have counterbalanced the drone maker's prior net loss of Rs 2.6 crore.
Long-term development efforts are targeting middle-mile transport solutions capable of mo…: Long-term development efforts are targeting middle-mile transport solutions capable of moving 200-kilogram payloads across distances of 200 kilometers.
The morning equity surge provided immediate relief to recent monthly losses, maintaining…: The morning equity surge provided immediate relief to recent monthly losses, maintaining a positive 43 percent return for the current calendar year.
Sources checked by our analysis pipeline: 1
Sequentially, the company returned to black from a net loss of Rs 2.6 crore reported in the first quarter of FY27. The company's shares rose to Rs 685.90 apiece on NSE on Tuesday morning.
Ideaforge’s revenue from operations more than doubled, surging around 124% year-on-year (YoY) to Rs 91.29 crore in the July-September quarter of FY27, from Rs 40.76 crore reported in the corresponding quarter of the previous financial year.
The company’s EBITDA for the quarter stood at a positive Rs 23.2 crore, with a turnaround from a negative Rs 8 crore in the year-ago period. Its EBITDA margin as a result jumped to 25.4%, from a negative 19.6%. “The timely execution of its order book, despite global supply chain bottlenecks, highlights ideaForge’s ability to scale operations and deliver on customer commitments without compromising on quality,” it said in a press release.
Also read | ideaForge records profit in Q2 as revenue rises 124% to Rs 91 crore
During Q2 FY27, ideaForge completed field testing of the ZOLT Hybrid UAV for long-range ISR capabilities of up to 100 km and…
Lufthansa's third-quarter financial results have met market expectations. The airline's performance during the period was weighed down by high jet fuel costs.
Coordinating Minister Bahlil Lahadalia affirmed that cross-border energy sales will only proceed if prospective buyer countries accept Jakarta-set pricing and offer mutually beneficial terms. The stance places domestic energy security ahead of international power trades, directly affecting regional decarbonisation initiatives. Furthermore, the sovereign wealth fund Danantara has been urged to withstand external lobbying aimed at discounting calculated energy export rates.
Seoul-based Krafton is actively seeking to acquire another Indian game studio to discover fresh intellectual property and expand beyond its flagship battle royale franchise. The move capitalizes on India's cost-effective software engineering expertise to offset worldwide industry layoffs and bolster domestic game creation. With the market already ranking among Krafton's top five revenue sources, local operations are scaling rapidly.