New-age tech stocks ended the week higher amid Q4 FY26 earnings optimism, with 40 of 56 names gaining. ideaForge led the charge, soaring 33.74% after a sharp profit swing, while Urban Company fell nearly 8% on widening losses in its InstaHelp quick services business. Market cap for covered firms also climbed, despite FIIs selling and West Asia-driven volatility.
ideaForge Technology shares surged more than 8% after the company swung to a strong Q4 FY26 turnaround, reporting a Rs 60 crore net profit versus a year-ago loss. Revenue jumped about sevenfold, backed by better execution, rising order inflows, and expanding defence-related capabilities—boosting investor optimism even as technical indicators hint the stock may be overbought.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Dronetech startup ideaForge has bounced back after three straight quarters in the red, posting a net profit of ₹59.9 crore in Q4 FY26 (March 2026). Operating revenue jumped 6X year-on-year and 3.5X quarter-on-quarter to ₹141 crore, driving the turnaround despite total expenses rising 84% to ₹92.8 crore. FY26 losses narrowed 73% to ₹17 crore on 40% revenue growth.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
