Mumbai-based drone technology company ideaforge Technology Ltd reported a 41.3% year-on-year rise in net profit to ₹19.5 crore for the second quarter of FY26, compared to ₹13.8 crore in the corresponding period last year.

Revenue from operations grew 10% year-on-year to ₹40.8 crore, up from ₹37.1 crore in Q2 FY25. EBITDA, however, declined 28.9% to ₹11.3 crore from ₹15.9 crore a year earlier.

The company reported that its gross margin stood at 50.0% in Q2 FY26, compared to 61.7% in the previous quarter. The quarter-on-quarter margin variation was attributed to the product mix delivered during the period. The company noted a consistent inflow of orders from Command Level EP and run-rate businesses, reflecting steady demand.

Also Read: ideaForge CEO Ankit Mehta on scaling India’s drone

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