Aerospace & Defence company ideaForge Technology announced Q1FY26 results Revenues: Rs 127.8 million compared to Rs 861.9 million during Q1FY25. EBITDA: Rs -151.4 million compared to Rs 84.6 million during Q1FY25. EBITDA Margin: -118.5% for Q1FY26. PAT: Rs -235.6 million compared to Rs 11.7 million during Q1FY25. PAT Margin: -184.3% for Q1FY26. Ankit Mehta, CEO said: “The Q1FY26 marked a positive start for the financial year and reinforced ideaForge’s resilience: both in technology and in business. ideaForge secured a significant Rs 137 crore order under the Government’s 5th cycle of Emergency Procurement. This order followed rigorous technical evaluations and country-of-origin checks, highlighting our standing as a trusted partner to the Indian armed forces. The quarter also saw our platforms play a role in Operation Sindoor, proving effective in the high-stakes battlefield scenario, reaffirming the resilience of our indigenous product development and deep-tech foundation. Post-Operation Sindoor, government procurement has received a major boost, with the allocation of Rs 40,000 crores for the 6th cycle of Emergency Procurement for the armed forces. Additionally, the government has announced an RDI Fund of Rs 1 lakh crore, which will further boost innovation efforts in the industry. The next phase of PLI is also expected to be rolled out for drone manufacturers, which will be a major tailwind for the industry and ideaForge. Our strategic and operational efforts are well on track, and we are committed to delivering long-term and meaningful value to our stakeholders.” Result PDF