Financial Results - Standalone (Amount in INR Million)
Quarter Ended June 30, 2026 (Q1 FY27)
Total Income: ₹702.86
Revenue from Operations: ₹685.88
Other Income: ₹19.52
Total Expenses: ₹819.68
Cost of materials consumed: ₹381.79
Changes in inventories: (₹35.57)
Employee benefits expense: ₹151.97
Finance costs: ₹20.39
Depreciation and amortization: ₹141.89
Other expenses: ₹159.21
Loss Before Tax: (₹116.82)
Tax Expense/(Credit): (₹93.75)
Current tax: (₹60.43)
Deferred tax: (₹33.32)
Loss After Tax: (₹23.07)
Other Comprehensive Income: ₹0.56
Total Comprehensive Loss: (₹22.51)
Paid-up Equity Share Capital: ₹433.96
Earnings Per Share (₹10 face value):
Basic: (₹0.53)
Diluted: (₹0.53)
Comparative Standalone Performance
Q4 FY26 (March 31, 2026): Profit after tax ₹604.23 million
Q1 FY26 (June 30, 2025): Loss after tax (₹217.82) million
Full Year FY26: Profit after tax not explicitly stated in standalone context
Financial Results - Consolidated (Amount in INR Million)
Quarter Ended June 30, 2026 (Q1 FY27)
Total Income: ₹705.40
Revenue from Operations: ₹685.88
Other Income: ₹19.52
Total Expenses: ₹825.04
Loss Before Tax: (₹119.64)
Tax Expense/(Credit): (₹93.75)
Current tax: (₹60.43)
Deferred tax: (₹33.32)
Loss After Tax: (₹25.89)
Other Comprehensive Income: ₹3.13
Total Comprehensive Loss: (₹22.76)
Earnings Per Share (₹10 face value):
Basic: (₹0.59)
Diluted: (₹0.59)
Subsidiary Performance
ideaForge Technology Inc. (wholly owned subsidiary)
Q1 FY27 revenues: ₹2.82 million
Q1 FY27 net loss: (₹0.76) million
Corporate Actions and Capital Structure
Qualified Institutional Placement (QIP)
Date: July 10, 2026
Shares Allotted: 6,289,308 Equity Shares
Face Value: ₹10 per share
Issue Price: ₹795 per share
Total Amount Raised: ₹5,000 million
Purpose: Prepayment/repayment of outstanding borrowings including interest, funding working capital gap, investment in product development, and general corporate purposes
Employee Stock Option Scheme (ESOS)
During Q1 FY27: Granted 15,027 new stock options to eligible employees
During Q1 FY27: Allotted 120,361 equity shares upon exercise of stock grants
Operational and Accounting Updates
Depreciation Method Change
Changed method from written down value to straight line method
Reduction in depreciation charge: ₹5.18 million for the quarter
Corresponding decrease in loss before tax: ₹5.18 million
Tax Provision Review
Reversed excess tax provision of ₹60.43 million for past years where assessment has been completed
Business Segment
Single operating segment: Manufacture and marketing of Unmanned Aerial Vehicle (UAV) systems for security and surveillance
Governance and Compliance
Board Meeting Details
Date: August 10, 2026
Time: 6:30 PM to 7:15 PM
Approvals: Unaudited Financial Results (Standalone & Consolidated) for quarter ended June 30, 2026
Audit Review
Auditor: B S R & Co. LLP, Chartered Accountants
Review Type: Limited Review Report
Opinion: Unqualified - no material misstatements found
Notes and Qualifications
Figures for quarter ended March 31, 2026 are balancing figures between audited full financial year 2025-26 and published year-to-date unaudited figures up to third quarter
Figures up to end of third quarter of previous financial year had been reviewed but not audited
