Drone Manufacturer Sees 17% Stock Surge to 52-Week High Following Strong Q4 Earnings.

ideaForge Technologies Soars to 52-Week High After Strong Q4 Results

ideaForge Technologies, a leading drone maker, witnessed a significant surge in its stock price, reaching a 52-week high of ₹712.65 per share on Monday. The company's shares skyrocketed over 17% during the trading session, following the release of its quarterly results for the period ended March 31, 2026.

The stock opened at ₹710 apiece on Monday, a notable increase from its previous close of ₹609.20 on Thursday last week. ideaForge Technologies' financial performance for the quarter ended March 31, 2026, has been nothing short of impressive. The company reported a net profit of ₹60 crore, marking a sharp turnaround from a net loss of ₹26 crore in the same period last year.

The company's EBITDA also turned positive, standing at ₹62 crore, compared to an EBITDA loss of ₹22 crore in the same period last year. ideaForge's revenue for the quarter surged sevenfold to ₹141 crore from ₹20 crore last year, reflecting strong execution during the period. On a sequential basis, the company's topline expanded more than four times, demonstrating its ability to execute and deliver results.

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The company's margins improved significantly, supported by a steep reduction in material costs, which declined to 11% of revenue from 67% a year ago and 51% in the previous quarter. By the end of the March quarter, the Defence segment contributed 86% of ideaForge's revenue, while the Civil segment accounted for the remaining 14%.

The quarter also marked an important milestone for ideaForge's international footprint, as it received its first purchase order in the United States from the Lamar Consolidated Independent School District Police Department for the deployment of its drones to ensure student safety across a school district in Texas.

The company's financial performance has been remarkable, with its share price delivering significant returns despite weak market sentiments. ideaForge's stock has given over 29% gains in a week and 78.51% in a month. Furthermore, the company's share price has delivered 52.38% returns year-to-date (YTD) and 86% over a year, outperforming broader markets.

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ideaForge's stock, which listed in July 2023, hit a 52-week low of ₹355.05 on 7 May 2025. The company's turnaround year has been a testament to its ability to execute and deliver results, despite the major supply chain crisis owing to recent geopolitical events.