Aerospace & Defence Multibagger Company Announces FY26 Results; Share Price Locked in 20% Upper Circuit

The Indian equity markets traded in the green on Wednesday, with the Nifty 50 index gaining 0.99 per cent to 24,235.85 during the session as of 11:40 AM. Despite the positive momentum in benchmark indices, stock-specific buying action remained sharply visible in select Defence technology counters. In this segment, IdeaForge Technology remained in focus after the company announced its Q4FY26 and FY26 consolidated financial results on April 30, 2026. Following the earnings announcement, the ideaForge share price locked in a 20 per cent Upper Circuit at Rs 731.00 on Wednesday.

IdeaForge Q4FY26 Results

IdeaForge reported consolidated revenue from operations of Rs 141.04 crore in Q4FY26 as against Rs 20.31 crore in Q4FY25, registering a sharp growth of 594.5 per cent YoY. Gross profit stood at Rs 95.41 crore compared to Rs 7.28 crore in the corresponding quarter last year, reflecting a strong growth of 1,210.9 per cent YoY. Gross margin expanded sharply to 67.6 per cent from 35.9 per cent in Q4FY25.

EBITDA came in at Rs 74.16 crore in Q4FY26 as against a negative EBITDA of Rs 17.41 crore reported in Q4FY25. The company reported a strong turnaround at the operating level with EBITDA margin improving to 52.6 per cent from negative 85.7 per cent in the year-ago quarter. Profit before Tax stood at Rs 60.75 crore compared to a loss before tax of Rs 25.69 crore in Q4FY25. Profit after tax came in at Rs 59.99 crore in Q4FY26 as against a net loss of Rs 25.71 crore reported in the corresponding quarter last year. PAT margin improved sharply to 42.5 per cent from a negative 126.6 per cent.

IdeaForge FY26 Annual Performance

For the financial year ended March 31, 2026, ideaForge reported consolidated revenue from operations of Rs 226.13 crore as against Rs 161.22 crore in FY25, registering a growth of 40.3 per cent YoY. Gross profit stood at Rs 131.16 crore compared to Rs 53.18 crore in the previous financial year, reflecting a growth of 146.6 per cent YoY, while gross margin expanded to 58 per cent from 33 per cent.

EBITDA for FY26 stood at Rs 27.12 crore as against a negative EBITDA of Rs 31.53 crore reported in FY25, reflecting a turnaround into positive operating profitability. EBITDA margin improved to 12 per cent from negative 19.6 per cent in FY25. Profit before tax stood at a loss of Rs 19.94 crore compared to a loss of Rs 62.39 crore in FY25, narrowing by 68 per cent YoY. Net loss for FY26 stood at Rs 17.03 crore as against a net loss of Rs 62.28 crore reported in FY25, reflecting a sharp reduction of 72.7 per cent YoY.

Order Book and Business Update

The company added nearly Rs 530 crore worth of orders during FY26, marking its highest-ever annual order booking. As of March 31, 2026, the company’s order book stood at approximately Rs 314.2 crore. During the quarter, the company also completed execution of nearly 40 per cent of its open orders and reported its highest-ever quarterly revenue. Defence continued to contribute 86 per cent of Q4FY26 revenue mix.

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Disclaimer: This article is for informational purposes only and not investment advice.