Mumbai, Jan. 23 -- Despite the wider loss, the company's revenue from operations increased 79.15% year on year (YoY) to Rs 31.55 crore during the quarter.

The company posted a pre-tax loss of Rs 35.93 crore in Q3 FY26, as against a pre-tax loss of Rs 20.28 crore in Q3 FY25.

Ideaforge reported a negative EBITDA of Rs 23.91 crore in Q3 FY26, declining from a negative EBITDA of Rs 12.58 crore in Q3 FY25. The EBITDA margin also reduced to - 75.8% in Q2 FY26 from -71.4% a year ago.

As of 31st December 2025, the company's order book stood at Rs 440 crore.

Ankit Mehta, co-founder and CEO of ideaForge said, "FY26 has been a defining year for ideaForge so far. We've booked the highest quantum of ordersin our two-decade journey so far this year...