ideaForge Know-how Restricted, a listed Indian unmanned plane programs (UAS) producer, reported larger income however wider losses for the quarter ended December 31, 2025, as prices elevated and deliveries remained uneven in the course of the interval.

For the Q3 FY26, ideaForge reported income from operations of Rs 31.5 crore, in contrast with Rs 18 crore in Q3 FY25, in line with unaudited outcomes filed with the NSE.

Complete revenue for the quarter, together with round Rs 2.5 crore from different revenue, stood at roughly Rs 34 crore. Income from operations was decrease than Rs 40.8 crore reported in Q2 FY26 on account of supply schedules.

For the 9 months ended December 2025, income stood at Rs 85.1 crore, in contrast with Rs 140.9 crore within the corresponding interval of the earlier yr.

Prices elevated in the course of the quarter. The price of supplies consumed rose to about Rs 24 crore in Q3 FY26 from Rs 9.5 crore in the identical quarter final yr. Complete bills, together with worker advantages, finance prices, authorized {and professional} charges, promoting, and different overheads, elevated to round Rs 70 crore from Rs 43 crore in Q3 FY25.

Gross revenue for the quarter declined to Rs 7.5 crore, in contrast with Rs 8.1 crore a yr earlier and Rs 20.4 crore within the earlier quarter. Gross margin fell to 23.7% in Q3 FY26, in contrast with 46.0% in Q3 FY25 and 50.0% in Q2 FY26.

For the nine-month interval, gross revenue stood at Rs 35.8 crore, with a gross margin of 42.0%, in contrast with 32.6% within the year-ago interval. EBITDA loss widened to Rs 23.9 crore in Q3 FY26, in contrast with a lack of Rs 12.6 crore in Q3 FY25 and Rs 8.0 crore in Q2 FY26.

For the 9 months ended December 2025, EBITDA loss stood at Rs 47.0 crore.

Revenue after tax for the quarter was a lack of Rs 33.9 crore, in contrast with a lack of Rs 24 crore in the identical interval final yr. For the nine-month interval, the corporate reported a PAT lack of Rs 77.0 crore.

Alongside the quarterly outcomes, ideaForge reported sturdy order inflows throughout Q3 FY26. The corporate acquired an preliminary order of about Rs 100 crore from the Indian Military for its next-generation tactical UAVs ZOLT and SWITCH V2, which embrace digital warfare resilience.

This was adopted by further orders price round Rs 115 crore from defence and civil prospects throughout the remainder of the quarter.

In November, ideaForge additionally acquired an order of roughly Rs 75 crore from the Ministry of Defence to provide AFDS and tactical-class UAVs together with equipment, with execution scheduled over a 12-month interval.

Operationally, the corporate mentioned its deployed fleet accomplished greater than 150,000 buyer flights in FY26 yr up to now, taking cumulative flights to over 850,000.

Aside from defence, ideaForge continued engagements with authorities our bodies and personal enterprises for civil and industrial drone functions. Through the quarter, ideaForge signed a memorandum of understanding with the Centre for Growth of Superior Computing to discover the mixing of drones into emergency response programs.

The corporate’s three way partnership with First Breach Inc., fashioned within the earlier quarter, is geared toward bettering entry to the US market.

Commenting on the outcomes, Ankit Mehta, co-founder and chief government officer of ideaForge, mentioned the corporate has recorded its highest order bookings up to now in FY26, with a big share coming within the third quarter. He added that the corporate expects to ship round 40-45% of open orders in This fall FY26 and is concentrating on improved gross margins by the top of the monetary yr.