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ideaForge rebounds to profit in Q4 as Kissht IPO gets lukewarm Day 1 subscription
Business
Published on 1 May 2026
ideaForge turns profitable despite a still loss-making FY26
Drone maker ideaForge swung back to profit in Q4 FY26, posting ₹59.9 Cr profit after three straight quarters of losses, driven by a 6X jump in revenue and a broader defence push. Yet costs surged with material and supply-chain pressures, leaving FY26 loss-making—though losses shrank 73%. In other Inc42 updates, Kissht’s IPO saw modest Day 1 subscription, while Ola Electric faced an ICRA downgrade.
- ideaForge posted Q4 profit of ₹59.9 Cr on a 6X revenue jump
- Expenses surged 84% YoY, keeping FY26 loss-making despite narrowing losses
- Kissht’s IPO was subscribed 24% on Day 1, led by QIBs
- Ola Electric’s OEM unit was downgraded as competition squeezes market share
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42