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Ideaforge Technology Limited Q3 FY26 results press release summary

NSE: IDEAFORGE · BSE: 543932

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

ideaForge reports Q3 FY26 revenue of ₹315.4 cr and highest YTD order booking of ~₹440 cr, guiding to ~40–45% open order execution in Q4 FY26.

Key takeaways

  1. Guidance Management expects to deliver ~40–45% of the open order book in Q4 FY26 and close FY26 with improved gross margins and turn profitable.
  2. Driver Post Operation Sindoor procurement acceleration through EP6 and decentralised purchases, with reports of a fresh ~₹20,000 cr procurement outlay.
  3. Risk Q3 FY26 gross margin fell to 23.7% from 46.0% in Q3 FY25, and EBITDA margin was negative 75.8%.

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.