ideaForge Q1 FY27 presentation: revenue up 4.4x YoY at INR 686 Mn

Q1 FY27 revenue rose 436.7 percent YoY to INR 685.9 Mn but declined 51.4 percent QoQ from INR 1,410.4 Mn. EBITDA turned positive at INR 42.8 Mn (6.2 percent margin) versus negative INR 151.4 Mn YoY. PAT was negative INR 25.9 Mn. Company executed 20 percent plus of FY27 opening order book with defence at 60 percent and civil at 40 percent of revenue. Raised INR 5,000 Mn via QIP and secured INR 1,510 Mn under GoI RDI scheme. UAVs crossed one million customer missions. ZOLT moved to series production. Industry tailwinds: MoD plans INR 200 Bn drone procurement via fast track and DAC cleared INR 520 Bn of capital buys.