IdeaForge Technology Ltd. expects over 20% Ebitda margin in FY26 as revenue scales up, aided by a strong order pipeline and potential quick conversion of projects.
Chief Executive Officer Ankit Mehta mentioned that as the revenue base grows, Ebitda margins are expected to improve, targeting healthier margins of at least 20% plus and healthy PAT margins.
Anticipating accelerated order conversions post Operation Sindoor, IdeaForge foresees the Indian Army's budget allocation of Rs 9,000 crores driving the quick induction of technology to enhance military preparedness.
While specific top-line growth figures were not disclosed, IdeaForge remains optimistic for the future due to high win rates in targeted areas and the increasing importance of resilience to electronic warfare in government purchases.