IdeaForge Share Price Hits 20% Upper Circuit At ₹731 After Strong Q4 FY26 Results And Record Orders

ideaForge Technology share price (NSE: IDEAFORGE) jumped to the 20% upper circuit and touched a new 52-week high of ₹731.10 during Monday’s intraday trade on the BSE after the company announced strong March-quarter results and a positive business outlook. The stock has nearly doubled since April 2026 and crossed its previous high of ₹660.50 recorded in June 2025.

Record Quarterly Financial Performance

The company delivered its best quarterly performance in Q4FY26. Revenue came in at ₹141 crore and profit after tax stood at ₹60 crore. EBITDA turned strongly positive at ₹61.7 crore compared to losses in the previous year and previous quarter, while EBITDA margin rose sharply to 43.8%. This turnaround was driven by better execution, operating leverage, and strong order deliveries.

Record Order Book and Execution Strength

IdeaForge reported its highest-ever annual order bookings of ₹530 crore in FY26, indicating strong demand visibility. The company executed about 40% of its open orders during the quarter despite global supply-chain challenges. Deliveries included electronic warfare-resilient drone systems after extensive testing, showing strong engineering and operational capabilities.

Expanding into Combat Drone Opportunities

The company is moving beyond surveillance and reconnaissance drones and is now developing combat drone solutions. These include long-range strike drones, loitering munitions, and kamikaze drones through in-house development and partnerships. Management believes these new areas could unlock major opportunities as defence forces increase drone adoption.

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Positive Outlook For FY27

With a fully indigenous technology platform, growing deployments, and strong customer trust, the company expects continued growth and long-term value creation as it enters FY27.

Conclusion

IdeaForge’s strong quarterly performance, return to profitability, record order bookings, and expansion into combat drones have boosted investor confidence, driving the stock to a new high and signalling strong growth potential ahead.

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