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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 Reports Highest-Ever H1 FY27 Revenue of ₹159.9 crore

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 02 Nov 2026, 08:39 PM IST  ·  BSE ID: db4cf4a1-9a4d-4dec-9bce-85acb3b13aeb
View Original BSE Filing (PDF)
💡
In Simple Terms
The drone company reported strong revenue and profit growth for the quarter and half-year, also securing significant research funding.
🤖 AI Summary
  • Ideaforge Technology reported Q2 FY27 revenue from operations of ₹91.3 crore, growing 124% YoY.
  • Company posted a PAT of ₹6.5 crore for Q2 FY27, a turnaround from Q2 FY26 loss of ₹19.6 crore.
  • H1 FY27 revenue reached its highest-ever at ₹159.9 crore, marking 199% YoY growth.
  • H1 FY27 PAT was ₹3.9 crore, a turnaround from a loss of ₹43.2 crore in H1 FY26.
  • Secured ₹151 crore in RDI funding for YETI, an indigenous middle-mile logistics UAV platform.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q2 FY27 Revenue
₹91.3 crore
124%
Q2 FY27 PAT
₹6.5 crore
Turnaround
H1 FY27 Revenue
₹159.9 crore
199%
H1 FY27 PAT
₹3.9 crore
Turnaround
RDI Funding for YETI
₹151 crore
🏢 How This Affects the Company
📈
Business Impact
The expansion of tactical UAV portfolio with ZOLT hybrid and combat variants, alongside the development of YETI, diversifies product offerings and addresses new market segments like logistics and combat applications. Executing over 50% of the FY27 opening order book reflects operational efficiency in meeting customer commitments.
💰
Financial Impact
Achieving PAT positive status for Q2 FY27 and H1 FY27 from losses in the prior year periods indicates improved profitability. The ₹151 crore RDI funding provides long-term debt capital at a low interest rate, supporting future technology development without immediate equity dilution.
⚙️
Operational Impact
Successful field testing of ZOLT Hybrid UAV and the launch of its combat variant demonstrates ongoing R&D and product development capabilities. The timely execution of order book, despite global supply chain issues, highlights the company's ability to scale operations.
⚠️
Risk Impact
The RDI funding reduces reliance on internal capital for developing YETI, mitigating financial risk associated with large-scale R&D projects. However, ongoing global supply chain bottlenecks and delays in customer approvals present persistent operational challenges.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results press release.
👤
Who Is Affected
All shareholders are affected as the company reported a turnaround to positive PAT for Q2 FY27 (₹6.5 crore) and H1 FY27 (₹3.9 crore) from previous losses, impacting overall company valuation.
🔍
Management Signal
Management is focused on sustained order book execution, new product development, and leveraging RDI funding to expand into new strategic UAV applications beyond ISR.

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

👁 Watch List — track these upcoming events
Q3 FY27 financial results — check revenue and PAT trajectory.
Updates on ZOLT combat variant field trials and FTP participation.
Progress on YETI development funded by ₹151 crore RDI facility.
MEDIUM RISK Global supply chain bottlenecks and customer approval delays persist, potentially impacting future deliveries and revenues.
💡 Investor Takeaway
Ideaforge Technology reported Q2 FY27 revenue of ₹91.3 crore, a 124% YoY growth, turning PAT positive to ₹6.5 crore. H1 FY27 revenue reached a highest-ever ₹159.9 crore, with PAT of ₹3.9 crore. The company secured ₹151 crore RDI funding for YETI.
⚖️ Strengths & Concerns

✅ Positives

  • Q2 FY27 revenue from operations grew 124% YoY to ₹91.3 crore, and H1 FY27 revenue grew 199% YoY to ₹159.9 crore.
  • Company achieved PAT of ₹6.5 crore for Q2 FY27 and ₹3.9 crore for H1 FY27, both turnarounds from prior year losses.

⚠️ Concerns

  • Persistent global supply chain bottlenecks continue, along with delays in customer approvals for deliveries.
  • The company's profitability, while positive, is still in early turnaround stages for H1 FY27 with PAT of ₹3.9 crore.
📅 Company Track Record
Ideaforge Technology was recently listed with its IPO in July 2023. Prior filings show a Q4 FY26 revenue of INR 141 Crore and PAT of INR 60 Crore. The company also had an order backlog of INR 530 Crore as of March 31, 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Ideaforge Technology's revenue from operations in Q2 FY27?
Ideaforge Technology's revenue from operations for Q2 FY27 was ₹91.3 crore, representing a 124% growth on a YoY basis.
Did Ideaforge Technology report a profit or loss in Q2 FY27?
Ideaforge Technology reported a Profit After Tax (PAT) of ₹6.5 crore for Q2 FY27, compared to a loss of ₹19.6 crore for Q2 FY26.
What was Ideaforge Technology's total revenue for H1 FY27?
The company's total revenue for H1 FY27 was approximately ₹159.9 crore, marking its highest-ever H1 revenue and a 199% growth YoY.
What is the RDI funding secured by Ideaforge Technology for YETI?
Ideaforge Technology secured ₹151 crore in Research, Development and Innovation (RDI) funding from the Technology Development Board (TDB) for the development of YETI, its indigenous middle-mile logistics UAV platform.
What was Ideaforge Technology's EBITDA for Q2 FY27?
The EBITDA for Q2 FY27 stood at a positive ₹23.2 crore, marking a turnaround on a YoY and sequential basis.

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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