IdeaForge Revenue Surges 5X to ₹69 Cr in Q1 FY27 as Loss Drops 89%

IdeaForge’s Technologies, a drone manufacturing company , revenue grew 5x in Q1 FY27, while losses narrowed sharply. but after that it is decreased into the red after a profitable March quarter, with revenue also falling sequentially.

As per the NSE , ( National stock exchange) IdeaForge’s revenue increased to Rs 68.58 crore in Q1 FY27 from Rs 12.78 crore in Q1 FY26. The company saw this as a massive jump registering a 436.6% YoY growth.

As compared to last fiscal Q1 FY26 year, which was 16.7 crore IdeaForge announced Rs 1.96 crore in other income, which is reaching to Rs 70.5 crore during the quarter, 

Materials continued to be the company’s biggest cost, surging 7.15 times to Rs 34.97 crore in Q1 FY27 from Rs 4.89 crore in the same quarter last year. Employee benefits rose by 20.9%, reaching Rs 15.1 crore compared to Rs 12.49 crore previously, while depreciation climbed 44.9% to Rs 14.2 crore from Rs 9.8 crore.

As we are analysing expenses, as per data it has increased 5.49 times to Rs 2.03 crore from Rs 0.37 crore, Other expenses also increased while other around 11.9% to  which is Rs 16.2 cr from Rs 14.48 cr. Overall, total expenses for IdeaForge increased by 96.4% in Q1 FY27, rising to Rs 82.5 crore from Rs 42 crore in Q1 FY26. IdeaForge’s losses decreased significantly by 89% in Q1 FY27, narrowing to Rs 2.59 crore compared to Rs 23.56 crore in the same quarter of the previous fiscal year.

On a quarter-on-quarter basis, the company saw its operating revenue drop by approximately 51% from Rs 141 crore in Q4 FY26. While IdeaForge had recorded a net profit of Rs 60 crore in the previous quarter, it returned to posting a loss in the three months ended June.

In June 2026, IdeaForge Technology raised Rs 500 crore through a Qualified Institutional Placement (QIP), issuing 62.89 lakh shares at Rs 795 per share.

On Friday, the company’s shares closed at Rs 902.10, bringing its market capitalisation to Rs 4,483 crore.

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