Ideaforge Technology Ltd Share Price – NSE  / BSE

Aerospace & Defence, Small Cap

Ideaforge Technology has allotted 7,026 equity shares under ESOS on 16 February 2026. Post allotment, the paid-up capital of the Company stands increased from Rs.43,26,81,460/- comprising of 4,32,68,146 equity shares of Rs. 10/- each fully paid-up to Rs.43,27,51,720/- comprising of 4,32,75,172 equity shares of Rs. 10/- each fully paid- up.

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Despite the wider loss, the company?s revenue from operations increased 79.15% year on year (YoY) to Rs 31.55 crore during the quarter.

The company posted a pre-tax loss of Rs 35.93 crore in Q3 FY26, as against a pre-tax loss of Rs 20.28 crore in Q3 FY25.

Ideaforge reported a negative EBITDA of Rs 23.91 crore in Q3 FY26, declining from a negative EBITDA of Rs 12.58 crore in Q3 FY25. The EBITDA margin also reduced to - 75.8% in Q2 FY26 from -71.4% a year ago.

As of 31st December 2025, the company?s order book stood at Rs 440 crore.

Ankit Mehta, co-founder and CEO of ideaForge said, ?FY26 has been a defining year for ideaForge so far. We?ve booked the highest quantum of ordersin our two-decade journey so far this year, with a sizable chunk coming in Q3 alone. Our priority now is crisp execution: we expect to deliver ~40?45% of the open orders in Q4 FY26 and close FY26 with improved gross margins and turn profitable.

Drones have become a critical element of counter-insurgency and counter-terrorism operations, and recent global conflicts have reinforced the need for nations to build strong indigenous capabilities. For India, this shift became especially evident post Operation Sindoor, with a clear acceleration in procurement through initiatives such as EP6 and decentralised command-level purchases. The recent reports of a fresh procurement outlay of approximately Rs 20,000 crore signal a strong, multi-year demand tailwind for the domestic drone industry. With indigenously developed platforms, subsystems, and full-stack technology, we are gearing up to meet evolving requirements by expanding beyond ISR and reinforcing leadership in India?s drone ecosystem. Further, the reports of PLI 2.0 and R&D incentives for drones also provide positive signs for the industry.?

Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India.

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Net Loss of Ideaforge Technology reported to Rs 33.85 crore in the quarter ended December 2025 as against net loss of Rs 24.02 crore during the previous quarter ended December 2024. Sales rose 79.16% to Rs 31.55 crore in the quarter ended December 2025 as against Rs 17.61 crore during the previous quarter ended December 2024.

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Ideaforge Technology will hold a meeting of the Board of Directors of the Company on 22 January 2026.

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