Supply chain disruptions push ideaForge into losses in Q1FY27
The order book of ideaForge now stands at over Rs 300 crore with demand coming in from both civil and defence sectors
Drone manufacturer ideaForge Technology presented a mixed performance for the first quarter of 2026-27 as it slipped back into red due to disruptions in the global supply chain on component availability.
The company reported a loss of Rs 2.6 crore for the first quarter of FY27, which was 89% reduction when compared to Rs 23.56 crore loss registered in the same period of last fiscal. However, in the fourth quarter of FY26, (which is the sequential quarter), ideaForge had in fact reported a profit of Rs 60 crore.
The company's revenue grew by 436.6% on a year-on-year (YoY) basis to touch Rs 68.58 crore for the first quarter of FY27. But, when compared to the fourth quarter of FY26, the revenue touched Rs 141 and the decline was 51.3%.
In a statement, the company said that global supply chain disruptions and component availability continue to pose challenges since Q4 of FY26. However, ideaForge noted that it remains focused on completing delivery of the opening order book of FY27 by Q3 as per customer timelines.
According to ideaForge, its indigenous UAV fleet crossed the landmark of one million customer flights across terrains and conditions. It further added that an ideaForge drone takes off every two minutes on an average to carry out crucial customer missions.
On the performance of the company ideaForge co-founder & CEO Ankit Mehta said, “We entered FY27 with an order book of ₹300-plus crore, giving us a stronger starting point than we had a year earlier, and we are working towards fulfilling delivery commitments that are aligned with customers' timelines.”
The CEO highlighted that based on the order book visibility for FY27, the higher operational procurement limits for field commanders of Indian Defence Forces under DFPDS 2026 it is expected to accelerate procurement activities in Q3 and Q4.