IdeaForge Technology's Stock Price Surges 8% to 52-Week High on Strong Q4 Earnings

IdeaForge Technology Share Price Hits 52-Week High

IdeaForge Technology's share price surged over 8% on Monday, May 5, reaching a 52-week high of ₹794.40. This marks a significant turnaround in the company's March quarter performance. The stock extended its rally to the sixth consecutive session, following a 20% upper circuit in the previous session.

The momentum behind IdeaForge's stock has been strong, with the company gaining around 50% over the past six sessions. This is driven by a robust earnings recovery and improving sentiment around defense and drone stocks. IdeaForge's financial performance has seen a sharp improvement, with the company reporting a net profit of ₹60 crore for the March quarter, compared to a net loss of ₹26 crore in the same period last year.

IdeaForge's revenue jumped over 600% year-on-year to ₹141 crore from ₹20 crore a year ago, while also posting strong sequential growth. The company's operational performance improved sharply, with EBITDA at ₹62 crore compared to an EBITDA loss of ₹22 crore in the year-ago period. This indicates a strong recovery in margins and overall business performance.

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The sharp improvement across key financial metrics has boosted investor confidence, helping the stock scale fresh highs. Other key highlights from the March quarter include a sharp expansion in the company's cost base, with total expenses rising about 84% year-on-year to ₹92.74 crore from ₹50.43 crore in the same period last year.

IdeaForge's CEO, Ankit Mehta, attributed the company's strong performance to its ability to execute around 40% of its open orders in the March quarter, resulting in its highest-ever quarterly revenue. Mehta also highlighted the company's resilience in the face of supply chain disruptions linked to geopolitical tensions in West Asia.

Looking ahead, IdeaForge expects its drone business to contribute more meaningfully to overall growth. The company added orders worth ₹5.3 billion to its order book during FY26, providing visibility for future revenue.

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IdeaForge's stock has been on an uptrend in recent times, surging 100% in 1 year, 62% in 6 months, 81% in 3 months, and 95% in the last 1 month. With the defense stock hitting its 52-week high today, it is now 123% higher from its 52-week low of ₹356.00, hit in May last year.