Ideaforge Technology's Q2 FY 2025-26 Quarterly Results

Result Summary

• Ideaforge Technology Ltd reported a 163.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 2.6%.
• Its expenses for the quarter were up by 51.2% QoQ and 4.2% YoY.
• The net profit decreased 16.7% QoQ and increased 42.9% YoY.
• The earnings per share (EPS) of Ideaforge Technology Ltd declined at 4.49 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Ideaforge Technology Ltd is a company recognized for its expertise in the development and commercialization of unmanned aerial vehicles (UAVs), commonly known as drones. The company operates within the technology sector, with a particular focus on providing high-end UAV solutions for various industrial applications. These applications include surveillance, mapping, and inspection across a range of industries such as defense, agriculture, and infrastructure. As of the latest knowledge update, Ideaforge Technology Ltd has been actively engaged in expanding its market presence and enhancing its product offerings to meet the growing demand for UAV technology. However, specific recent major developments or announcements regarding the company's strategic direction or product line expansions are not available.

Revenue

In Q2FY26, Ideaforge Technology Ltd reported a total income of ₹44.05 crores, marking a significant increase from ₹16.72 crores in Q1FY26, reflecting a quarter-over-quarter (QoQ) growth of 163.5%. When compared to Q2FY25, where the total income was ₹42.94 crores, there is a modest year-over-year (YoY) growth of 2.6%. This data indicates that the company has seen a substantial increase in revenue on a quarterly basis, while the annual growth remains steady. Such financial performance in terms of revenue may reflect underlying factors such as increased sales, successful product launches, or possibly enhanced market penetration.

Profitability

The company recorded a Profit Before Tax (PBT) of -₹19.46 crores in Q2FY26, which is an improvement from -₹25.29 crores in Q1FY26, showing a QoQ improvement of 23.1%. However, on a YoY basis, PBT decreased from -₹18.00 crores in Q2FY25, reflecting an 8.1% decline. The Profit After Tax (PAT) for Q2FY26 was -₹19.62 crores, compared to -₹23.56 crores in Q1FY26 and -₹13.73 crores in Q2FY25, indicating a QoQ improvement of 16.7% but a YoY decline of 42.9%. The company's Earnings Per Share (EPS) followed a similar trend, with a QoQ improvement from -₹5.40 to -₹4.49 but a YoY decrease from -₹3.15, reflecting 42.5% decline. These figures demonstrate fluctuations in profitability, with noticeable improvements on a quarterly basis but challenges when viewed annually.

Operating Metrics

Total expenses for Ideaforge Technology Ltd in Q2FY26 were ₹63.51 crores, up from ₹42.01 crores in Q1FY26, marking a 51.2% increase QoQ. Compared to Q2FY25, where expenses were ₹60.93 crores, there is a 4.2% increase YoY. The company's tax expenses in Q2FY26 were ₹0.16 crores, a reversal from a tax credit of -₹1.74 crores in Q1FY26 and a significant decrease from the tax cost of -₹4.27 crores in Q2FY25. This shift in tax figures may reflect changes in the company's tax strategy or adjustments in accounting practices. The financial data highlights key operational trends, notably the increase in expenses, which could be associated with the expansion or scaling of operations.