Aerospace & Defence company ideaForge Technology announced Q3FY26 results Revenue: Rs 315.4 million against Rs 176.1 million during Q3FY25, change 79%. EBITDA: Rs -239.1 million against Rs -125.8 million during Q3FY25, change -90%. EBITDA Margin: -75.8% for Q3FY26. PAT: Rs -338.5 million against Rs -240.2 million during Q3FY25, change -41%. PAT Margin: -107.3% for Q3FY26. Ankit Mehta, Co- Founder & CEO, 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 Q4FY26 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 INR 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.” Result PDF