ideaForge Technology Limited — quarter ended March 31, 2026 (audited results for quarter and year ended March 31, 2026)
| Particulars | Quarter ended March 31, 2026 (Unaudited) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Audited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Income | |||||
| Revenue from operations | 1,408.55 | 315.45 | 237.70 | 2,268.49 | 1,659.37 |
| Other income | 123.62 | 25.52 | 44.88 | 219.68 | 212.18 |
| Total Income | 1,532.17 | 340.97 | 282.58 | 2,488.17 | 1,871.55 |
| Expenses | |||||
| Cost of materials consumed | 500.41 | 242.09 | 171.88 | 1,054.49 | 980.93 |
| Changes in inventories of finished goods and work-in-progress | (45.50) | (17.71) | (23.05) | (109.21) | 123.25 |
| Employee benefits expense | 139.51 | 104.39 | 129.28 | 542.85 | 494.35 |
| Finance costs | 16.99 | 10.35 | 22.81 | 39.38 | 45.30 |
| Depreciation and amortisation expense | 117.47 | 109.42 | 79.98 | 429.77 | 292.24 |
| Other expenses | 186.61 | 164.77 | 136.04 | 627.52 | 489.95 |
| Total Expenses | 914.86 | 674.49 | 496.64 | 2,585.22 | 2,396.22 |
| Profit / (Loss) before tax for the period / year (A) | 617.31 | (333.52) | (214.06) | (97.05) | (524.67) |
| Tax expense (credit): | |||||
| Current tax | – | 13.08 | – | (0.00) | – |
| Deferred tax charge / (credit) | – | (19.97) | (10.06) | (19.34) | (10.96) |
| Income tax relating to profit or loss | – | (31.55) | (204.00) | (77.71) | (513.71) |
| Profit / (Loss) after tax for the period / year (A+B) | 604.23 | (0.34) | (2.78) | 0.50 | (4.27) |
| Other Comprehensive Income | |||||
| Items that will not be reclassified to profit or loss | 1.99 | (0.82) | 0.34 | 0.70 | 1.07 |
| Items that will be reclassified to profit or loss | 0.25 | (2.08) | (0.13) | 0.37 | (3.20) |
| Other Comprehensive Income (net of tax) | 2.25 | (2.90) | 0.21 | 1.07 | (2.13) |
| Total Comprehensive Income for the period / year (A+B) | 605.40 | (3.24) | (2.57) | 1.57 | (6.40) |
| Particulars | 31 March, 2026 (Audited) | 31 March, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-Current Assets | ||
| Property, Plant and Equipment | 316.61 | 273.26 |
| Right -of- use Assets | 117.55 | 171.86 |
| Capital Work-in-Progress | – | 42.73 |
| Other Intangible Assets | 943.31 | 520.60 |
| Intangible Assets Under Development | 1,095.12 | 956.25 |
| Financial Assets | ||
| (i) Investments | 712.39 | 437.13 |
| (ii) Other Financial Assets | 152.53 | 186.37 |
| Non-Current Tax Assets (Net) | 28.89 | 26.11 |
| Deferred Tax Assets (Net) | 125.44 | 106.24 |
| Other Non-Current Assets | 3.05 | 13.63 |
| Total Non-Current Assets | 3,494.89 | 2,734.18 |
| Current assets | ||
| Inventories | 1,387.92 | 906.83 |
| Financial Assets | ||
| (i) Investments | 684.96 | 928.47 |
| (ii) Trade Receivables | 1,270.13 | 595.13 |
| (iii) Cash and cash equivalents | 263.71 | 115.60 |
| (iv) Bank Balances other than cash and cash equivalents | 34.59 | 808.95 |
| (v) Loans | 0.10 | 0.20 |
| (vi) Other Financial Assets | 162.24 | 128.47 |
| Other Current Assets | 898.65 | 631.73 |
| Total Current Assets | 4,702.30 | 4,115.38 |
| TOTAL ASSETS | 8,197.19 | 6,849.56 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity Share capital | 432.76 | 430.80 |
| Other Equity | 5,772.52 | 5,790.07 |
| Total Equity | 6,205.28 | 6,220.87 |
| Liabilities | ||
| Non Current Liabilities | ||
| Financial Liabilities | ||
| Lease Liabilities | 51.46 | 100.66 |
| Provisions | 102.14 | 48.59 |
| Total Non-Current Liabilities | 153.60 | 149.25 |
| Current Liabilities | ||
| Financial Liabilities | ||
| (i) Borrowings | 721.31 | – |
| (ii) Lease Liabilities | 64.34 | 64.07 |
| (iii) Trade Payables | ||
| (A) total outstanding dues of micro enterprises and small enterprises | 256.76 | 32.53 |
| (B) total outstanding dues of creditors other than micro enterprises and small enterprises | 145.61 | 45.05 |
| (iv) Other Financial Liabilities | 139.56 | 133.01 |
| Other Current Liabilities | 335.09 | 34.79 |
| Provisions | 107.90 | 106.86 |
| Current Tax Liabilities (Net) | 67.74 | 63.13 |
| Total Current Liabilities | 1,838.31 | 479.44 |
| Other Liabilities | 1,991.91 | 628.69 |
| TOTAL EQUITY AND LIABILITIES | 8,197.19 | 6,849.56 |
| Particulars | Year ended 31 March 2026 | Year ended 31 March 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| (Loss) before tax | (97.05) | (524.67) |
| Adjustments for: | ||
| Depreciation and Amortisation Expense | 429.77 | 292.24 |
| Changes in fair value of financial assets at fair value through profit or loss | (129.62) | (42.38) |
| Profit on sale of Investments | (33.86) | (29.71) |
| Loss on sale of Asset | 2.40 | 0.59 |
| Allowance for bad and doubtful debts | 19.52 | (0.57) |
| Finance Costs | 39.80 | 15.30 |
| Foreign Exchange Fluctuation Gain | (7.70) | (5.10) |
| Interest on Fixed Deposit | (41.59) | (128.71) |
| Interest received on Income Tax Refund | (2.45) | – |
| Fair value income on security deposit (lease) | (2.88) | (2.48) |
| Employee share-based payment expense | 25.79 | 49.70 |
| Change in Operating Assets and Liabilities: | ||
| Adjustments for (increase) / decrease in operating assets: | ||
| (Increase)/ Decrease in Inventories | (481.09) | 65.33 |
| (Increase) in Trade Receivables | (694.52) | (120.62) |
| Decrease/ (Increase) in other financial assets | 28.92 | (5.59) |
| (Increase)/ Decrease in other non-current/current assets | (264.37) | 10.44 |
| Adjustments for increase / (decrease) in operating liabilities: | ||
| Increase/(Decrease) in Trade Payables | 332.49 | (71.67) |
| Increase in Provisions | 57.28 | 41.50 |
| Increase/ (Decrease) in Other Financial Liabilities | 18.73 | (42.60) |
| Increase/ (Decrease) in Other Current/Non Current Liabilities | 300.30 | (134.38) |
| Cash (used in) Operations | (500.13) | (633.38) |
| Less: Direct taxes paid | 4.28 | (21.68) |
| Net cash (used in) Operating Activities | (495.85) | (655.06) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of Property, Plant and Equipment, Intangible assets including expenditure on capital work in progress and intangible assets under development and capital advances | (883.41) | (877.74) |
| Investment in mutual funds (net) | 300.85 | (3.82) |
| Investment in Equity instruments | – | (242.54) |
| Proceed from sale of property, plant and equipment | 0.25 | 0.27 |
| Investment in Subsidiary | (176.10) | (101.64) |
| Investments in fixed deposits (net) | 719.15 | 314.87 |
| Interest Received | 41.74 | 127.68 |
| Net cash generated from/ (used in) investing activities | 2.48 | (782.92) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from Issue of Equity Shares (including premium) | 1.96 | 1.95 |
| Proceeds from short term borrowings | 718.04 | – |
| Interest paid | (30.94) | (8.10) |
| Payment of Lease Liability | (79.46) | (69.79) |
| Net cash generated from/ (used in) financing activities | 609.60 | (75.94) |
| Net increase/ (decrease) in cash and cash equivalents | 116.23 | (1,513.92) |
| Cash and cash equivalents – Opening balance | 115.59 | 1,629.51 |
| Cash and cash equivalents – closing balance | 231.82 | 115.59 |
| Particulars | Year ended 31 March 2026 | Year ended 31 March 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| (Loss) before tax | (199.36) | (623.95) |
| Adjustments for: | ||
| Depreciation and Amortisation Expense | 430.74 | 293.35 |
| Interest on micro enterprise and small enterprises (MSME) | – | – |
| Changes in fair value of financial assets at fair value through profit or loss | (129.62) | (42.38) |
| Profit on sale of Investments | (33.86) | (29.71) |
| Loss on sale of Asset | 2.42 | 0.59 |
| Allowance for bad and doubtful debts | 19.91 | (0.99) |
| Finance Costs | 39.80 | 15.30 |
| Foreign Exchange Fluctuation (Gain)/Loss | (7.70) | (5.10) |
| Interest received on Income Tax Refund | (2.45) | – |
| Interest on Fixed Deposit | (43.91) | (128.71) |
| Fair value income on security deposit (lease) | (2.88) | (2.47) |
| Employee share-based payment expense | 25.79 | 49.70 |
| Change in Operating Assets and Liabilities: | ||
| Adjustments for (increase) / decrease in operating assets: | ||
| (Increase)/ Decrease in Inventories | (488.81) | 40.59 |
| (Increase) in Trade Receivables | (721.86) | (115.68) |
| Decrease/ (Increase) in other financial assets | 26.15 | (4.77) |
| (Increase)/ Decrease in other non-current/current assets | (263.82) | 9.20 |
| Adjustments for increase / (decrease) in operating liabilities: | ||
| Increase/(Decrease) in Trade Payables | 328.15 | (67.21) |
| Increase in Provisions | 57.28 | 41.50 |
| Decrease/ (Increase) in other financial assets | 25.20 | (40.98) |
| Increase/ (Decrease) in Other Current/Non Current Liabilities | 300.41 | (134.52) |
| Cash (used in) from Operations | (638.42) | (746.23) |
| Less: Direct taxes paid | 4.28 | (21.68) |
| Net cash (used in) Operating Activities | (634.14) | (767.91) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of Property, Plant and Equipment, Intangible assets including expenditure on capital work in progress and intangible assets under development and capital advances | (883.55) | (877.18) |
| Investment in mutual funds (net) | 300.84 | (3.81) |
| Investment in Equity instrument | – | (242.54) |
| Proceed from sale of property, plant and equipment | 0.22 | 0.27 |
| Investments in fixed deposits (net) | 690.09 | 314.87 |
| Interest Received | 44.07 | 127.68 |
| Net cash generated from/ (used in) investing activities | 151.67 | (680.71) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from Issue of Equity Shares | 1.96 | 1.95 |
| Share Application Money Pending Allotment | 0.00 | – |
| Proceeds from short term borrowings | 718.04 | – |
| Interest paid | (30.94) | (8.10) |
| Principal Payments of Lease Liability | (79.46) | (69.79) |
| Net cash generated from/ (used in) financing activities | 609.60 | 75.94 |
| Net (decrease)/ increase in cash and cash equivalents | 127.13 | (1,524.56) |
| Cash and cash equivalents – Opening balance | 158.67 | 1,683.23 |
| Effects of exchange rate changes on Cash and Cash Equivalents | 11.81 | – |
| Cash and cash equivalents – closing balance | 297.61 | 158.67 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|
| Cash on hand | 0.39 | 0.36 |
| Balance with banks: | ||
| – In Current accounts | 237.79 | 88.84 |
| – In deposits with original maturity of less than three months | 59.43 | 30.01 |
| Deposits with banks to the extent held as margin money | 31.89 | 39.46 |
| Total cash and cash equivalents | 329.50 | 158.67 |
| Cash and cash equivalents for Statement of Cash flows | 297.61 | 158.67 |
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-Current Assets | ||
| Property, Plant and Equipment | 318.83 | 276.35 |
| Right -of- use Assets | 117.55 | 171.86 |
| Capital Work-in-Progress | – | 42.73 |
| Other Intangible Assets | 943.31 | 520.60 |
| Intangible Assets Under Development | 1,095.12 | 956.25 |
| Financial Assets | ||
| (i) Investments | 367.82 | 268.66 |
| (ii) Other Financial Assets | 154.68 | 186.37 |
| Non-Current Tax Assets (Net) | 28.89 | 26.11 |
| Deferred Tax Assets (Net) | 125.44 | 96.51 |
| Other Non-Current Assets | 3.05 | 14. |