Defence Stock Jumps 9% After Reporting 124% YoY Revenue Growth in Q2
India, Nov. 3 -- The shares of the Small-cap company, which specializes in the business of manufacturing Unmanned Aircraft Systems (UAS), are in the spotlight as they have rallied 9 percent in today's trade after its Q2 results and New UAV Developments.
With a market capitalization of Rs. 3,293.02 crores in the day's trade, the shares of Ideaforge Technology Ltdjumped upto 8.9 percent, reaching a high of Rs. 697.00 per share compared to its previous closing price of Rs. 639.70 per share.
Q2 Results
Revenue from Operations increased by 123.95 percent YoY, from Rs. 40.76 crore in Q2 FY26 to Rs. 91.29 crore in Q2 FY27. It also increased by 33.09 percent QoQ, from Rs. 68.59 crore in Q1 FY27 to Rs. 91.29 crore in Q2 FY27.
The company repor...
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