ideaForge returns to profit in Q2 FY27: ₹6.5 Cr net profit, revenue up 124% to ₹91 Cr

Drone maker ideaForge reported a net profit of about Rs 6.5 crore for Q2 FY27, according to Entrackr, Inc42 and The Economic Times. A year earlier it had a loss. Entrackr put that loss at Rs 19.62 crore, while Inc42 said Rs 19.6 crore. The results were filed with the National Stock Exchange.

Revenue from operations was Rs 91 crore, up 124% from Rs 40.8 crore, as reported by The Economic Times. Inc42 put it at Rs 91.3 crore, also up 124% from Rs 40.8 crore, and Entrackr gave a more precise figure of Rs 91.28 crore, up 123.9% from Rs 40.76 crore. Other income was about Rs 6.3 crore, and total income came to Rs 97.6 crore against Rs 44 crore in Q2 FY26. The Economic Times first reported Ebitda of Rs 23 crore, versus an operating-level loss a year ago.

On costs, Entrackr said total expenses were Rs 90 crore, up 41.7% from Rs 63.52 crore. Inc42 said Rs 90.1 crore, up 41.9%. The two also differ on materials: Entrackr reported Rs 42 crore, up 90.9% from Rs 22 crore, while Inc42 said Rs 48.1 crore. Entrackr first reported other lines: employee costs of Rs 16.58 crore, depreciation of Rs 14.75 crore and other expenses of Rs 16.67 crore.

Inc42 first reported that the Q1 FY27 loss was Rs 2.6 crore, with Q2 revenue up about 33% from Rs 68.6 crore. Entrackr first reported H1 FY27 revenue of Rs 160 crore against Rs 53.5 crore, and H1 net profit of Rs 3.87 crore against Rs 4.32 crore. Ankit Mehta, cofounder and chief executive, said in a statement first reported by The Economic Times that Q2 FY27 built on the steady start in Q1 FY27, with headway on executing the order book and developing new products, along with "preparations to capitalise on upcoming procurement opportunities". Entrackr first reported that the stock closed at Rs 639.25 on Monday, for a market cap of Rs 3,126 crore.