Aerospace & Defence company ideaForge Technology announced Q1FY27 results Standalone Financial Highlights: Total Income: For Q1FY27, the company reported a total income of Rs 702.86 million, representing a significant increase of 322.54% YoY compared to Rs 166.34 million in Q1FY26, but a decrease of 54.13% QoQ from Rs 1,532.17 million in Q4FY26. Revenue from Operations: Revenue in Q1FY27 stood at Rs 684.17 million, showing a growth of 435.34% YoY from Rs 127.80 million in Q1FY26, while declining by 51.43% QoQ from Rs 1,408.55 million in Q4FY26. Profit/(Loss) before Tax: The company recorded a loss before tax of Rs (116.82) million in Q1FY27. This compares to a loss of Rs (227.84) million in Q1FY26 and a profit of Rs 617.31 million in Q4FY26. Net Profit/(Loss): Net loss for Q1FY27 was Rs (23.07) million, narrowing from a loss of Rs (217.82) million in Q1FY26. The company had reported a net profit of Rs 604.23 million in Q4FY26. Earnings Per Share (EPS): Basic EPS for Q1FY27 was Rs (0.53), compared to Rs (4.99) in Q1FY26 and Rs 13.82 in Q4FY26. Consolidated Financial Highlights: Total Income: Consolidated total income for Q1FY27 was Rs 705.40 million, an increase of 321.94% YoY from Rs 167.18 million in Q1FY26, and a decrease of 54.04% QoQ from Rs 1,534.93 million in Q4FY26. Revenue from Operations: Revenue for Q1FY27 reached Rs 685.88 million, up from Rs 127.80 million in Q1FY26 and down from Rs 1,410.43 million in Q4FY26. Profit/(Loss) before Tax: Consolidated loss before tax for Q1FY27 stood at Rs (119.64) million, as against a loss of Rs (252.91) million in Q1FY26 and a profit of Rs 607.46 million in Q4FY26. Net Profit/(Loss): Consolidated net loss for Q1FY27 was Rs (25.89) million, compared to a loss of Rs (235.56) million in Q1FY26 and a profit of Rs 599.93 million in Q4FY26. Earnings Per Share (EPS): Basic consolidated EPS for Q1FY27 was Rs (0.59), compared to Rs (5.40) in Q1FY26 and Rs 13.72 in Q4FY26. Business Highlights: Capital Raising: On July 10, 2026, the company raised approximately Rs 5,000 million through a 'Qualified Institutional Placement' (QIP) by allotting 6,289,308 equity shares at a price of Rs 795 per share. The funds are intended for repayment of borrowings, funding working capital gaps, and general corporate purposes. Stock Options: During the quarter, the company granted 15,027 new stock options to employees and allotted 1,20,361 equity shares following the exercise of stock grants under the ESOS. Accounting Changes: The company changed its depreciation method for property, plant, and equipment from written down value (WDV) to the straight-line method (SLM). This change resulted in a lower depreciation charge for the quarter by Rs 5.18 million. Tax Adjustments: The company reviewed its tax provisions and reversed an excess provision of Rs 60.43 million relating to past years where assessments have been completed. Ankit Mehta, Co- Founder & CEO, ideaForge Technology, said: “Q1 FY27 marked a steady start to the year, supported by continued execution and advancement across key strategic developmental programs. We entered FY27 with an order book of ?300-plus crore, giving us a stronger starting point than we had a year earlier, and we are working towards fulfilling delivery commitments that are aligned with customers' timelines. At ideaForge, our strategy has always been to own the consequential technologies that matter the most, while delivering complete solutions to our customers. Our continued progress across resilient communication and navigation, autonomy, edge AI, software platforms, logistics UAVs, and combat drone technologies reinforces this approach and strengthens our ability to address evolving customer requirements across defence and enterprise applications. Moreover, we have made good progress in our development efforts of combat drone capabilities such as air-launched effects and fuel-hybrid long-endurance capability for ZOLT. We are also actively developing long-range strike platforms, loitering munitions, and other capabilities through in-house and collaborative developments. With these new capabilities and our in-house strength around communication infrastructure for collaborative autonomy (multi-UAV operations under EW environments), we would be targeting to participate in the upcoming large opportunities from Indian defence forces. On order book visibility for FY27, the higher operational procurement limits for field commanders of Indian Defence Forces under DFPDS 2026 would accelerate procurement activities in Q3 and Q4, and we continue to see regular cycles on the civil side of the business that lean towards Q3 and Q4. The public reports of large defence procurement of about Rs 20,000 crore through the Fast Track Procurement approach have started to see the light of the day, with one opportunity already in the RFP stage and several others in various stages of the approval pipeline.” Result PDF