Ideaforge Tech Q4 FY26: Sales up 594%, profit Rs 60 cr

Key takeaway from the March 2026 quarter

Ideaforge Technology posted a sharp jump in its consolidated performance for the quarter ended March 2026, as operating sales and profitability improved materially year-on-year. Net sales (income from operations) came in at Rs 141.04 crore, compared with Rs 20.31 crore in the March 2025 quarter. The company also reported a consolidated net profit of Rs 59.99 crore for the March 2026 quarter, reversing a net loss of Rs 25.71 crore a year earlier. EBITDA stood at Rs 74.16 crore for the quarter. Earnings per share (EPS) rose to Rs 13.72 from a loss per share of Rs 5.92 in March 2025.

Q4 FY26 revenue and profit: the reported numbers

According to the consolidated quarterly numbers, net sales at Rs 141.04 crore were up 594.45 percent year-on-year from Rs 20.31 crore. Total income from operations matched net sales at Rs 141.04 crore, with other operating income shown as nil in the quarter table. The company’s “Total Qtr Revenue” was reported at Rs 153.49 crore, including other income. Other income for the quarter was Rs 12.45 crore.

On profitability, Ideaforge reported quarterly net profit at Rs 59.99 crore, compared with a net loss of Rs 25.71 crore in the March 2025 quarter. EBITDA for March 2026 was Rs 74.16 crore, up from Rs 17.41 crore in March 2025. Interest cost rose to Rs 1.64 crore from Rs 0.25 crore in the year-ago quarter.

Cost structure: what changed in Q4

The expenditure breakdown in the quarter shows a rise in key operating lines alongside the revenue surge. Consumption of raw materials increased to Rs 51.10 crore in March 2026 from Rs 18.01 crore in March 2025. Employee cost was Rs 14.98 crore versus Rs 13.52 crore a year earlier. Depreciation rose to Rs 11.78 crore from Rs 8.03 crore.

Other expenses were Rs 18.73 crore, compared with Rs 15.61 crore in the March 2025 quarter. The company reported profit before other income, interest, exceptional items and tax at Rs 49.93 crore in March 2026, compared with a loss of Rs 29.87 crore in March 2025. With other income of Rs 12.45 crore and interest of Rs 1.64 crore, profit before tax came in at Rs 60.75 crore. Tax for the quarter was Rs 0.75 crore.

Sequential context: Mar’26 versus Dec’25

Compared with the December 2025 quarter, the March 2026 quarter showed a large step-up in operating scale. Net sales rose to Rs 141.04 crore in March 2026 from Rs 31.55 crore in December 2025. The P/L after tax from ordinary activities was Rs 59.99 crore in March 2026 versus a loss of Rs 33.85 crore in December 2025.

Other income also increased to Rs 12.45 crore in March 2026 from Rs 2.61 crore in December 2025. Interest cost was higher at Rs 1.64 crore versus Rs 1.05 crore in the prior quarter. Depreciation was Rs 11.78 crore, compared with Rs 10.97 crore in December 2025.

Full-year FY26 snapshot: losses narrow, sales rise

For the year ended March 2026, the company reported a net loss of Rs 17.03 crore, compared with a net loss of Rs 62.28 crore in the year ended March 2025. FY26 sales rose 40.26 percent to Rs 226.13 crore from Rs 161.22 crore in FY25.

The article also presents full-year revenue (which includes other income) at Rs 248.42 crore for FY26, compared with Rs 182.38 crore for FY25. In the same set of reported figures, full-year net loss was Rs 17.03 crore (equivalent to INR 170.29 million), compared with Rs 62.28 crore (INR 622.78 million) a year earlier.

Borrowings update disclosed for FY26

For the year ended March 31, 2026, the company reported new short-term borrowings of Rs 72.13 crore. This is the only borrowing figure specified in the provided text and is presented as a reported addition for the year.

Market snapshot: where the stock last closed

Ideaforge Tech shares closed at Rs 609.20 on April 29, 2026 on the NSE, as stated in the provided update. The article does not provide the day’s high, day’s low, or volume numbers, but it flags those as data fields.

Summary table of reported financials

*EBITDA for Dec’25 is not listed in the quarter table; only Mar’26 and Mar’25 EBITDA values are explicitly provided.

Why these numbers matter for investors

The March 2026 quarter stands out because it shows a combination of a sharp rise in operating sales and a swing to profitability from losses in both the year-ago quarter and the immediately preceding quarter. The operating line expansion is visible not only in net sales but also in the move from losses at the “P/L before other income” level in March 2025 to a positive Rs 49.93 crore in March 2026.

At the same time, the update shows higher depreciation and interest costs, with interest at Rs 1.64 crore and depreciation at Rs 11.78 crore in the quarter. The disclosure of Rs 72.13 crore in new short-term borrowings for FY26 provides additional context for balance sheet and funding considerations. Beyond the quarter, the year-level data indicates that losses narrowed in FY26 even as sales increased versus FY25.

Conclusion

Ideaforge Technology’s consolidated March 2026 quarter reflected strong year-on-year growth in operating sales to Rs 141.04 crore and a turnaround to Rs 59.99 crore profit, alongside higher EBITDA of Rs 74.16 crore. For FY26, sales rose to Rs 226.13 crore while the net loss narrowed to Rs 17.03 crore. The next key reference points for investors will be subsequent quarterly filings and any further disclosures on borrowings and revenue composition beyond the figures already reported.