Ideaforge Technology has outlined its strategic execution plan for the fourth quarter of FY26, announcing its intention to complete 40-45% of its current open order book during this period. This execution timeline represents a significant operational commitment from the drone technology company.

Execution Strategy for Q4 FY26

The company's plan to execute nearly half of its open orders in the final quarter of FY26 indicates a concentrated approach to order fulfillment. This strategy suggests that Ideaforge Technology has structured its operations to handle a substantial workload in Q4, potentially aligning with customer delivery requirements and revenue recognition objectives.

Operational Implications

The planned execution of 40-45% of open orders in a single quarter demonstrates the company's confidence in its production capabilities and delivery infrastructure. This timeline suggests that Ideaforge Technology has the necessary resources and operational capacity to handle significant order volumes within the specified timeframe.

The strategic timing of this execution plan in Q4 FY26 may reflect various operational and business considerations, including production scheduling, customer requirements, and revenue planning. The company's ability to execute such a substantial portion of its order book in one quarter indicates robust operational planning and execution capabilities.

ideaForge Technology Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following a Board of Directors meeting held on January 22, 2026. The company, which specializes in manufacturing and marketing unmanned aerial vehicle (UAV) systems for security and surveillance applications, reported mixed financial performance during the quarter.

Financial Performance Overview

The company's financial results for Q3 FY26 showed significant revenue growth but continued operational challenges. The quarterly performance reflects the company's ongoing business dynamics in the UAV sector.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, ideaForge Technology reported revenue from operations of ₹859.95 crores compared to ₹1,421.67 crores in the corresponding period of the previous year, representing a decline of 39.49%. The company's total income for the nine-month period stood at ₹956.01 crores against ₹1,588.97 crores in the previous year.

Operational Expenses and Cost Structure

The company's expense structure for Q3 FY26 totaled ₹674.49 crores compared to ₹406.79 crores in Q3 FY25. Key expense components included cost of materials consumed at ₹242.09 crores, employee benefits expense of ₹149.39 crores, and depreciation and amortization expense of ₹109.42 crores. Other expenses accounted for ₹164.77 crores during the quarter.

Corporate Developments

During the quarter and nine-month period ended December 31, 2025, the company granted 11,685 and 152,277 new stock options respectively to eligible employees under the Employee Stock Option Scheme (ESOS). The company also allotted 8,761 and 173,720 equity shares respectively upon exercise of stock grants under the scheme.

Regulatory Impact Assessment

The company assessed the impact of the four Labour Codes notified by the Government of India on November 21, 2025. These codes consolidate 29 existing labour laws and include the Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and the Occupational Safety, Health and Working Conditions Code 2020. The incremental impact of ₹35 million in gratuity primarily arises due to changes in wage definition.

Audit and Compliance

The unaudited financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on January 22, 2026. B S R & Co. LLP, the company's statutory auditors, expressed an unqualified opinion on both the standalone and consolidated financial results. The Board meeting commenced at 5:30 PM and concluded at 7:30 PM on January 22, 2026.