Ideaforge Technology Limited · NSE:IDEAFORGE
Ideaforge Technology — Q2 FY2026-27 Earnings Presentation
32 slides from Ideaforge Technology's earnings presentation, Nov 2, 2026
Slide 1: Exchange filing cover letter
www.ideaforgetech.com November 02, 2026 To, To, BSE Limited The National Stock Exchange of India Phiroze Jeejeebhoy Towers, Dalal Street, Limited “Exchange Plaza”, Bandra – Kurla Fort, Mumbai – 400 001. Complex, Bandra (EAST), Mumbai – 400 051 BSE Scrip Code: 543932 NSE SYMBOL: IDEAFORGE Sub: Invest
Slide 2: Investor Presentation Q2 FY 2026-27
Investor Presentation ideaForge Technology Limited Q2 FY 2026-27 02nd November 2026 ideaForge Strictly Private & Confidential
Slide 3: Disclaimer
Disclaimer This presentation is issued by ideaForge Technology Limited (“Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or in
Slide 4: CEO's Comments
CEO’s Comments Building on the steady start of the previous two quarters, Q2 FY27 saw continued progress in order book execution, new product development, and preparations to capitalise on upcoming procurement opportunities. Ankit Mehta During the quarter, we achieved revenue from operations of ~INR
Slide 5: ideaForge At A Glance
ideaForge At A Glance 1st 1st 1st #3 Built with Grit To indigenously develop Company to fly drones near Indian UAV firm to have Ranked Globally in dual- VTOL & Fixed-Wing VTOL both Poles and at high multiple platforms with use drones category1 Hybrid UAVs altitude of Himalayas NATO Stock Number (NSN
Slide 6: Business & Operational Highlights Q2 FY27
Business & Operational Highlights Q2 FY27
Slide 7: Q2 FY27 Business Updates
Q2 FY27 Business Updates Completed execution of 50%+ Successfully completed field Deployed UAVs at multiple testing of ZOLT Hybrid UAV for religious mass gatherings for AI- of FY27 opening order book long-range ISR (100km, 6hrs in enabled crowd monitoring and with positive PAT EW environment) safety
Slide 8: Q2 FY27 Technology & Product Development
Quadcopters & SWITCH Resilient Navigation & Communication - Field testing for internal prototype of next-gen multirotor platform - Development of higher antenna CRPA configurations for better jamming - Design improvements for better rejection performance (speed, endurance and wind resistance) in SWI
Slide 9: FLYGHT CLOUD Developments
FLYGHT CLOUD Developments AI Detected Annotations Intelligent Search Streamline drone footage analysis with automated, Query video archives using natural language, intent-driven baseline-ready spatial intelligence. filters, and visual analytics. Video Dashboard Regional Language Support Monitor oper
Slide 10: FLYGHT CLOUD Developments
FLYGHT CLOUD Developments Automated DTM Mask Generation Integrated Stockpile Workflow with volume comparisons AI algorithms automatically generate precise ground and Seamlessly track, calculate, and analyze volume changes across survey surface masks for GIS workflows. periods. Automated Building Det
Slide 11: Parachute Landing, Targeting and Hunter-Killer Teaming
Parachute-based Landing Targeting Capability Precision targeting for end effect through secondary UAV An emergency recovery and safety mechanism deployment Hunter-Killer Teaming Multirotor Loitering Munition From surveillance to target engagement in one connected Autonomous loitering for precision e
Slide 12: Financial Highlights Q2 & H1 FY27
Financial Highlights Q2 & H1 FY27
Slide 13: Q2 FY27 Key Performance Metrics
Q2 FY27 Key Performance Metrics All values in INR Mn Revenue from Operations Gross Profit & Gross Profit % EBITDA & EBITDA % 912.9 50.0% 49.0% 54.3% -19.6% 6.2% 25.4% 685.9 495.7 232.3 336.2 407.6 203.9 42.8 -79.9 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 GM is dependent on product mix of exec
Slide 14: H1 FY27 Key Performance Metrics
H1 FY27 Key Performance Metrics All values in INR Mn Revenue from Operations Gross Profit & Gross Profit % EBITDA & EBITDA % H1 FY27 Revenue Mix 1,598.7 52.8% 52.0% -43.2% 17.2% Civil 33% 831.9 275.1 535.4 282.8 Defence 67% -231.3 H1FY26 H1FY27 H1FY26 H1FY27 H1 FY26 H1 FY27
Slide 15: Q2 & H1 FY27 Consolidated Profit & Loss Statement
Q2 & H1 FY27 Consolidated Profit & Loss Statement All values in INR Mn Profit & Loss Statement Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y Revenue From Operations 912.9 407.6 124% 685.9 33% 1,598.7 535.4 199% Cost Of Materials Consumed 481.2 261.1 385.2 866.4 321.2 Purchases of Stock-i
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet All values in INR Mn EQUITY AND LIABILITIES 30-Sep-26 31-Mar-26 ASSETS 30-Sep-26 31-Mar-26 Equity Non-current assets Equity share capital 497.2 432.8 Property, plant and equipment 322.0 318.8 Instruments entirely equity in nature - - Right-of-use assets 87.3 117.5 Other eq
Slide 17: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement All values in INR Mn Cash Flow Statement 30-Sep-26 30-Sep-25 Cash Flow from Operating Activities Profit before Tax -45.2 -447.5 Adjustment for Non-Operating Items 265.9 178.1 Operating Profit before Working Capital Changes 220.7 -269.5 Changes in Working Capital -994
Slide 18: Key Management Team
Key Management Team Ankit Mehta Rahul Singh Ashish Bhat Vipul Joshi Chief Executive Officer VP - Engineering VP – R&D Chief Financial Officer • Promoter of the Company • Promoter of the Company • Promoter of the Company • Promoter of the Company • Associated with the Company • Associated with the Co
Slide 19: Board of Directors
Board of Directors Srikanth Velamakanni Mathew Cyriac Chairman & Independent Director Non-Executive Nominee Director Associated with Fractal Analytics as co-founder Previously associated with Blackstone Advisors Sutapa Banerjee Ankit Mehta Independent Director CEO and Whole time Director Previously
Slide 20: About ideaForge
About ideaForge
Slide 21: Built with Customers: 19+ Years from Design to Deployment
Built with Customers: 19+ Years from Design to Deployment Developed NETRA UAV with a Executed drone mapping deployments Launched next-gen UAVs: NETRA 5 & Government of India entity under SVAMITVA Scheme1 SWITCH V2 • In 2009, ideaForge developed one of the world’s • 2020 – Top Indian MSME for Patents
Slide 22: Built on Indigenous Innovation
Built on Indigenous Innovation Founders of ideaForge started making UAVs in 2004 No ecosystem or ready-made off-the-shelf components and software available in India UAVs built around the philosophy of Performance, Reliability, Resilience, & Autonomy Critical to have end-to-end control of the hardwar
Slide 23: Built for Dual-Use Leadership
Built for Dual-Use Leadership Class/ Category Characteristics MTOW Range Endurance (kg) (km) (hrs) Class Characteristics >100 kg | >500 km | >48 hrs ideaForge Portfolio (Dual-Use Platforms)* HAPS YETI (TRL 6) Q6V2 Class Characteristics >600 kg | >500 km | >24 hrs Max Altitude AGL (m) Class Character
Slide 24: Built Like a Bird, Tested Like a Tank
Built Like a Bird, Tested Like a Tank Sir Creek & Sundarbans Marshes and Sea Siachen Glacier 19,685 ft+ -22°F (-30 °C) (6,000 m+) AMSL Built for Mission-Critical Moments 131°F (55 °C) No compromise on performance Designed for varied terrain and 1,000,000+ climate conditions Missions Completed Qualif
Slide 25: Built For Mission Versatility
Built For Mission Versatility NETRA V4 Q4i Q6 V2 Q6 V2 Geo NETRA 5 SWITCH SWITCH V2 ZOLT PRO Product Versatile Scout Rugged & versatile Map Where Others Can’t Versatile UNMATCHED All Terrain All Terrain Unmatched All-purpose quadcopter built for A Quadcopter with Workhorse RESILIENCE Dominator VTOL-
Slide 26: YETI: A Game Changer Logistics UAV Platform
YETI: A Game Changer Logistics UAV Platform YETI, ideaForge’s logistics drone, delivers uncompromised performance in any environment—day or night. Designed for autonomous operations, rapid turnaround, and versatile payload configurations, it ensures mission success across cargo transport, medevac, a
Slide 27: Enabling Customer Missions By Diverse Range Of Payloads
Enabling Customer Missions By Diverse Range Of Payloads ideaForge Payloads Payloads Enabled by ideaForge Partners Dual Payload Daylight Synthetic Aperture MARSS Hesai XT-32 MARSS Livox Avia Hyperspectral (EO/IR) Payload Radar (SAR) (LiDAR) (LiDAR) Payload Altum-PT Thermal Mapping Megaphone Drop Payl
Slide 28: Built on Core Technology Depth
Built on Core Technology Depth 114 Airframe Motor & Propeller Battery Control System Global Patents1 Autopilot Patents: 12 Patents: 07 Patents: 04 Patents: 02 H/w S/w Radio & Data Transmission Patents: 01 H/w S/w Patents: 09 Command & Control High Range Centers (third-party) Communication systems Bl
Slide 29: Life Cycle Support to COO of ideaForge
Enabling Customer Missions By Diverse Range Of Payloads Life Cycle Support to COO* of ideaForge Systems Designed Developed Manufactured include upgrades Subsystems Autopilot Radio & Data Transmission Payloads (EO/IR) GNSS Denied Navigation Operating Software 50%+ workforce in Technology & Product De
Slide 30: Built Around Critical Technologies, Delivered as a Full Solution
Built Around Critical Technologies, Delivered as a Full Solution Owning What Matters Most Inside the Platform Full Stack One-Stop-Shop Solution for Customers Airframe Resilient Resilient Communication Navigation Drone as a Service Increases availability & provides consumption flexibility Automated w
Slide 31: Built To Deliver Customer Outcomes
Built To Deliver Customer Outcomes Day Surveillance Night Surveillance Target Tracking Asset Protection Crowd Management Railway Track Mapping IED Detection Situational Awareness Emergency Response Automated Challans Disaster Response Tower Inspection Change Monitoring Inspection & Maintenance Parki
Slide 32: Thank You!
Thank You! For further information, please contact ideaForge Technology Limited Investor Relations Advisors : CIN: L31401MH2007PLC167669 CIN: U74140MH2010PTC204285 Mr. Vipul Joshi - Chief Financial Officer Mr. Aseem Kohli / Mr. Karan Thakker [email protected] [email protected] / karan
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