Ideaforge Technology Limited — Investor Meet, 11-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

ideaForge Technology (IFORGE) reported a strong Q4 FY26 with record quarterly revenue of INR 141 Cr and PAT of INR 60 Cr. FY26 revenue was INR 286.1 Cr, full-year PAT negative INR 17 Cr, but positive EBITDA of INR 27 Cr. FY26 orders hit INR 530 Cr. The company begins FY27 with an INR 310 Cr order book, expected for execution within the first three quarters. IFORGE delivered EW resilient systems and is expanding into combat drones (loitering munitions, Kamikaze) via internal efforts and partnerships, leveraging its ISR tech. It secured its first US order and trained NATO forces, boosting global presence. FY27 priorities: execution, tech leadership (AI, autonomy, secure comms), and civil/international diversification. Management is confident, foreseeing a growing market and targeting 50-55% blended gross margin for FY27, despite execution risks.