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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Ideaforge Technology Ltd

Ideaforge Technology Q2 FY27 Standalone Loss INR 22.11 Million

RESULTS ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 02 Nov 2026, 08:29 PM IST  ·  BSE ID: e55bc95f-e6f1-4c48-b81f-38de0cbd1888
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a standalone loss of INR 22.11 Million for the September 2026 quarter, with INR 99.76 Million in revenue.
🤖 AI Summary
  • Ideaforge Technology recorded a standalone net loss of INR 22.11 Million for Q2 FY27, compared to a net profit of INR 59.66 Million in Q1 FY27.
  • Revenue from operations was INR 99.76 Million for the quarter ended September 30, 2026 (Q2 FY27).
  • Standalone net loss for the half year ended September 30, 2026, was INR 152.43 Million.
  • Equity Share Capital as of September 30, 2026, was INR 497.17 Million.
  • INR 2,085.19 Million of QIP proceeds were utilized by September 30, 2026, for various purposes.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from operations (Q2 FY27 Standalone)
INR 99.76 Million
Not comparable — limited prior period data.
Profit/(Loss) after tax (Q2 FY27 Standalone)
INR (22.11) Million
Not comparable — limited prior period data.
Revenue from operations (Half Year FY27 Standalone)
INR 861.03 Million
Not comparable — limited prior period data.
Profit/(Loss) after tax (Half Year FY27 Standalone)
INR (152.43) Million
Not comparable — limited prior period data.
Cash used in Operating Activities (Half Year FY27 Standalone)
INR (245.74) Million
Not comparable — limited prior period data.
QIP Proceeds Utilized as of Sep 30, 2026
INR 2,085.19 Million
🏢 How This Affects the Company
📈
Business Impact
The reduction in revenue from operations to INR 99.76 Million in Q2 FY27, compared to prior periods, indicates a contraction in the company's immediate business activity. This impacts the company's ability to cover operating costs through sales.
💰
Financial Impact
The standalone net loss of INR 22.11 Million in Q2 FY27, along with the half-year loss of INR 152.43 Million, directly impacts the company's profitability and accumulated earnings. Reduced cash flow from operations, noted as INR (149.32) Million, puts pressure on working capital management.
⚙️
Operational Impact
The increase in Inventories to INR 1,507.81 Million and Trade Receivables to INR 1,611.71 Million suggests inventory buildup and extended credit cycles. This indicates potential operational challenges in demand fulfillment or sales conversion.
⚠️
Risk Impact
The consecutive losses for the quarter and half-year increase financial risk. The significant increase in trade receivables and inventories could lead to higher working capital requirements and potential impairment risks if not managed effectively.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the reported standalone net loss for Q2 FY27 and the half-year period, influencing the company's financial health and future prospects. Earnings Per Equity Share decreased to INR (0.53) for Q2 FY27.
🔍
Management Signal
Management's approval of the unaudited financial results and details on QIP fund utilization signal transparency regarding the company's financial status and strategic capital deployment.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — monitor revenue and profitability trends
Order backlog updates — check for new contract wins and execution progress
Cash flow statements — observe operational cash generation and QIP fund deployment
MEDIUM RISK The return to net loss and significant decline in revenue for Q2 FY27 indicate immediate financial and operational challenges.
💡 Investor Takeaway
Ideaforge Technology reported a standalone net loss of INR 22.11 Million for Q2 FY27, with revenue from operations at INR 99.76 Million. This marks a decrease from Q1 FY27's INR 59.66 Million net profit and INR 761.27 Million revenue, indicating a shift from the previous quarter's positive performance.
⚖️ Strengths & Concerns

✅ Positives

  • QIP proceeds utilization of INR 2,085.19 Million demonstrates progress in repaying loans and funding working capital as of September 30, 2026.
  • Total Assets increased to INR 12,972.89 Million as of September 30, 2026, from INR 8,197.19 Million as of March 31, 2026.

⚠️ Concerns

  • Standalone net loss for Q2 FY27 was INR 22.11 Million, a decrease from a profit of INR 59.66 Million in Q1 FY27.
  • Revenue from operations significantly decreased to INR 99.76 Million in Q2 FY27 from INR 761.27 Million in Q1 FY27.
📅 Company Track Record
Ideaforge Technology recently listed with an IPO in July 2023. Prior filings showed Q4 FY26 revenue of INR 141 Cr and PAT of INR 60 Cr, with an annual order backlog of INR 530 Cr, confirming a profitability turnaround. The current Q2 FY27 results represent a notable shift from this positive trend.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Ideaforge Technology's standalone net loss in Q2 FY27?
Ideaforge Technology reported a standalone net loss of INR 22.11 Million for the quarter ended September 30, 2026 (Q2 FY27).
What was Ideaforge Technology's revenue from operations in Q2 FY27?
Revenue from operations for Ideaforge Technology in Q2 FY27 was INR 99.76 Million.
What was the standalone net loss for Ideaforge Technology for the half year ended September 30, 2026?
The standalone net loss for the half year ended September 30, 2026, for Ideaforge Technology was INR 152.43 Million.
How much of the QIP proceeds did Ideaforge Technology utilize by September 30, 2026?
Ideaforge Technology utilized INR 2,085.19 Million of the QIP proceeds by September 30, 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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