ideaForge Expertise Restricted reported a pointy monetary turnaround within the 2025-26 monetary yr, with income progress, margin enlargement and a return to working profitability.

Income from operations rose to Rs 226.13 crore in FY26, up from Rs 161.22 crore a yr earlier. Progress was pushed by a powerful ultimate quarter, when income reached Rs 141.04 crore.

Gross revenue elevated to Rs 131.16 crore, with margins bettering to 58% from 33%, reflecting improved price effectivity. EBITDA additionally turned constructive at Rs 27.12 crore, in contrast with a lack of Rs 31.53 crore in FY25, with margins reaching 12%.

The corporate’s income combine remained weighted in the direction of defence, which accounted for 69% of FY26 income, in contrast with 31% from civil operations. Within the fourth quarter alone, defence contributed 86%. The order e-book rose to Rs 314.2 crore by March 2026, supported by order inflows of Rs 530 crore throughout the yr.

Regardless of the development in profitability, working money circulation remained damaging at Rs 63.4 crore, as a consequence of increased working capital necessities. This was offset by financing inflows of Rs 61 crore and investing money flows, leading to a closing money steadiness of Rs 29.8 crore.

On the steadiness sheet, whole belongings elevated to Rs 798.7 crore from Rs 671.8 crore, pushed by increased intangible belongings, intangible belongings underneath growth, inventories and receivables. Fairness declined barely to Rs 599 crore, whereas liabilities rose, significantly present liabilities and borrowings.

The corporate returned to quarterly profitability within the March quarter. Web revenue stood at Rs 59.9 crore, in contrast with a lack of Rs 25.7 crore a yr earlier and a lack of Rs 33.9 crore within the earlier quarter.

Quarterly working income rose sixfold year-on-year to Rs 141 crore, the very best recorded by the corporate.

“Our order execution in This autumn was in step with what we indicated within the final quarter, reaching our highest quarterly income ever, regardless of the key provide chain disaster owing to the current geopolitical occasions,” stated Ankit Mehta, CEO of ideaForge.

“This achievement underscores the correct sizing and resilience now we have constructed throughout the worth chain, from engineering to produce chain to manufacturing,” he stated.

In the course of the yr, the corporate’s drones accomplished 250,000 end-customer flights, representing 26% of whole deployments since 2007. ideaForge additionally expanded into fight drone techniques throughout the quarter and continued its worldwide push, together with its first US order and new partnerships within the US and Japan.