Transcript of Earnings call for the quarter and year ended March 31, 2026.
IDEAFORGE · price
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IdeaForge reported its highest ever quarterly revenue of INR 141 crores in Q4 FY26, up significantly from INR 20.3 crores in Q4 FY25. The company achieved Q4 EBITDA of INR 74.2 crores (52.6% margin) and PAT of INR 60 crores (42.5% margin). For full year FY26, revenue stood at INR 286.1 crores with positive EBITDA of INR 27 crores, though PAT remained negative at INR 17 crores. The company booked approximately INR 530 crores of orders in FY26, its highest ever annual order inflow, and enters FY27 with an opening order book of approximately INR 310 crores. Key highlights include delivery and customer acceptance of electronic warfare resilient systems, first U.S. order from Texas, and NATO training engagement. Management guided for FY27 blended EBITDA margin of 50-55%.
Strong Q4 execution with record revenue demonstrates the company's ability to convert order book into profitability. The INR 310 crores opening order book provides meaningful revenue visibility for FY27, and the guided 50-55% EBITDA margin suggests focus on profitability improvement.