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Ideaforge Technology Limited Q3 FY26 results deck summary

NSE: IDEAFORGE · BSE: 543932

Results deck of 22 Jan 2026, summarised by AI from the filing.

Q3 FY26 revenue ₹315.4 cr; management expects to deliver ~40-45% of open orders in Q4 FY26 with improved gross margin and profitability.

Key takeaways

  1. Q3 revenue Revenue from operations ₹315.4 cr (Q3 FY25: ₹176.1 cr, Q2 FY26: ₹407.6 cr).
  2. Q4 execution Management expects to deliver ~40-45% of open orders in Q4 FY26 with improved gross margin and profitability.
  3. Order booking Added ~₹4,400 Mn to order book in FY26 YTD, highest in two-decade journey.
  4. Margin risk Gross margin is dependent on product mix of executed orders in a quarter.

Original filing on BSE

Ideaforge Technology Limited Q1 FY27 results

As filed: Revenue ₹68.6 cr (+300% year on year), EBITDA ₹2.3 cr, PAT −₹2.6 cr, EBITDA margin 3.4%.

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹141 cr (+300% year on year), EBITDA ₹61.7 cr, PAT ₹60.0 cr, EBITDA margin 43.8%. Score 100 of 100, Above trend. Revenue growth was well above the company's own trend. Tax rate 1%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +38.7% in 29 days (Nifty 500: −0.1%).
  • Q3 FY26: Revenue ₹31.6 cr (+75% year on year), EBITDA −₹26.5 cr, PAT −₹33.9 cr, EBITDA margin -84.1% (+1,000 bps). Score 15 of 100, Below trend. Revenue growth was well above the company's own trend. EBITDA margin rose 1000 bps year on year. Revenue fell 42% from last quarter. Share price after the results: +1.1% in 29 days (Nifty 500: +1.7%).
  • Q2 FY26: Revenue ₹54.0 cr (+46% year on year), EBITDA −₹31.0 cr, PAT −₹43.0 cr, EBITDA margin -57.4% (−1,000 bps). Score 15 of 100, Below trend. Revenue growth was above the company's own trend. EBITDA margin fell 1000 bps year on year. Share price after the results: −4.9% in 30 days (Nifty 500: +0.6%).
  • Q1 FY26: Revenue ₹13.0 cr, EBITDA −₹19.0 cr, PAT −₹24.0 cr, EBITDA margin -146.2%. Not scored. Too small to score: quarter revenue ₹13.0 cr is below the ₹20.0 cr minimum. On a base this small, percentage changes say little. Share price after the results: −15.2% in 30 days (Nifty 500: −0.8%).
  • Q4 FY25: Revenue ₹20.0 cr (−80% year on year), EBITDA −₹22.0 cr (−247% year on year), PAT −₹26.0 cr (−300% year on year), EBITDA margin -110.0%. Score 0 of 100, Below trend. Not enough history for a trend yet: scored on growth alone. Share price after the results: +53.1% in 29 days (Nifty 500: +6.1%).
  • Q3 FY25: Revenue ₹18.0 cr, EBITDA −₹18.0 cr, PAT −₹24.0 cr, EBITDA margin -100.0%. Not scored. Too small to score: quarter revenue ₹18.0 cr is below the ₹20.0 cr minimum. On a base this small, percentage changes say little.
  • Q2 FY25: Revenue ₹37.0 cr (+54% year on year), EBITDA −₹16.0 cr, PAT −₹14.0 cr (−300% year on year), EBITDA margin -43.2% (−991 bps). Score 20 of 100, Below trend. EBITDA margin fell 991 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 57% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Ideaforge Technology Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.