IdeaForge Technology Shares Surge nearly 10%

Mumbai: May 5: Shares of IdeaForge Technology continued their rally on Tuesday, after surging almost 13% in the previous session following a strong earnings result last week. Trading in IdeaForge remained volatile on Tuesday as investors digested the block deal from Monday and the results.

IdeaForge opened Tuesday at ₹805, down slightly from Monday’s close of ₹730, but quickly fell to an intraday low of ₹782 by 11:00 AM, a drop of nearly 2.9% from the open. The stock remained range-bound around ₹782–₹790 for the next hour, reflecting cautious profit-taking after last week’s sharp rally. However, buying interest resumed in the afternoon, pushing the price to ₹802 by 1:00 PM, recovering most of the morning losses. The stock finally settled at ₹802, a 9.9% gain from Monday’s close of ₹730, with an intraday recovery of 2.5% from its lowest point.

Weekly Trend

Over the past week (April 28 – May 4), IdeaForge delivered a spectacular rally, climbing from ₹565 on April 28 to ₹730 on May 4 — a sharp 29.2% gain in just seven days. The upward move was consistent, with the stock advancing each session: +7.1% (Apr 29), +1.7% (Apr 30), +5.7% (May 1), +4.6% (May 2), +2.9% (May 3), and finally +4.3% (May 4). This strong weekly momentum, fueled by the company’s stellar Q4 results declared on April 30 and the Societe Generale block deal on Monday, set the stage for Tuesday’s continued strength despite intraday volatility.

Quarterly Earnings

IdeaForge turned-around in Q4 FY26 reporting ₹599.9 million in Profit After Tax (PAT), compared to ₹257.1 million loss in Q4FY25. This outstanding growth was on the back of near seven times jump in Revenue From Operations at ₹1,410.4 million compared to ₹203.1 million in Q4 FY25.

Revenue

Gross Profit for Q4FY26 jumped to ₹954.1 million (up from ₹72.8 million in Q4 FY25), while Gross Profit % improved by 32% to reach 68% (Q4 FY25: 36%). IdeaForge’s EBITDA for the quarter stood at ₹741.6 million against ₹174.1 million loss in Q4 FY25. EBITDA % for the company jumped to 53% (Q4 FY25: -86%). Other Income for the quarter was up by 181% to ₹124.5 million (Q4 FY25: ₹44.3 million). Below is how the Profitability ratios fared for the quarter.

Yearly Result

For the full year FY26, IdeaForge’s revenue grew by 40% to ₹2,261.3 million (FY25: ₹1,612.2 million). The company reported a full year loss of ₹170.3 million against a loss of ₹622.8 million in FY25.

Bear in mind that IdeaForge just reported an incredible Q4 FY26 performance. Despite a full-year loss of ₹170.3 million in FY26, investors are changing their perception on IdeaForge after the company posted a strong sequential quarterly performance. With a superb EBITDA margin of 53% in March quarter and improving order book visibility coupled with global institutionals buying into the story, IdeaForge looks set to begin its recovery journey. Investors are looking forward to more execution in coming quarters.

Source:

• https://www.nseindia.com/get-quote/equity/IDEAFORGE/Ideaforge-Technology-Limited