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
<Supply chain disruptions push ideaForge into losses in Q1FY27>
Drone manufacturer ideaForge Technology reported a loss of Rs 2.6 crore for the first quarter of FY27, marking an 89% reduction compared to the previous fiscal year. Despite the decline, the company's revenue grew by 436.6% year-on-year to reach Rs 68.58 crore. However, revenue for the first quarter dropped by 51.3% compared to the fourth quarter of FY26. ideaForge cited ongoing global supply chain disruptions and component availability issues as the primary challenges since Q4 of the previous fiscal year.
The company remains focused on completing the delivery of its opening order book for FY27 by Q3, in line with customer timelines. Co-founder and CEO Ankit Mehta expressed optimism, stating that the company entered FY27 with a stronger order book than the previous year and is working towards fulfilling delivery commitments. Mehta mentioned that based on the order book visibility for FY27, higher operational procurement limits for Indian Defence Forces field commanders under DFPDS 2026 are expected to accelerate procurement activities in Q3 and Q4.
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