IdeaForge shares jump over 17% after defence tech firm records net profits in Q4 results; details here

As of 9:27 am, IdeaForge shares were trading 15.36% higher at ₹706.45 on Monday, compared to ₹609.20 at the previous market close. The shares of the defence tech firm surged 17.5% after the market opened on May 4 to hit the intraday high of ₹715.90.

In the Q4 results, IdeaForge Technology recorded a consolidated net profit after tax (PAT) of ₹60.95 crore in the January to March quarter of the financial year ended 2025-26. The company posted a net loss of ₹25.92 crore in the same period a year ago.

Factors behind IdeaForge’s profits

IdeaForge Technology turned around its financials, posting a net profit in the March quarter, largely due to the surge in the company’s revenue from core operations in the period, according to the exchange filing.

In the consolidated financial statements, IdeaForge recorded over 594% surge in its revenue from core operations to ₹141.04 crore in the fourth quarter of the year ended 2025-26, compared to ₹20.31 crore in the same period a year ago.

The company’s total expenses for the March quarter rose by nearly 84% YoY to ₹92.74 crore, compared year-on-year with ₹50.43 crore in the same period a year earlier. The rise in expenses for the quarter was primarily driven by the increase in the cost of materials for the company.

IdeaForge’s surge in revenues in the March quarter was due to the company executing a large chunk of its open order book despite the supply chain issues caused by the geopolitical events in West Asia.

“As indicated, we executed 40% of our open orders in Q4, achieving our highest quarterly revenue ever, despite the major supply chain crisis owing to the recent geopolitical events. This achievement underscores the right sizing and resilience we have built across the value chain, from engineering to supply chain to manufacturing,” said Ankit Mehta, the CEO & whole-time director of IdeaForge.

Looking forward, the company expects its drone business to play an increasing role in its operations going forward. In the fiscal year ended 2025-26, IdeaForge added ₹5.3 billion to its order book.

IdeaForge share price

IdeaForge shares have delivered more than 84% returns to investors in the past one-year period and over 51% gains on a year-to-date basis so far in 2026, according to NSE data.

In the last one month period, IdeaForge shares have gained over 77% and were trading 27% higher over the last five market sessions on the Indian stock market. The company’s total market capitalisation (M-Cap) was trading at ₹3,023 crore as of Monday’s market session.