ideaForge Technology shares witnessed a sharp rally of over 16% in early trade on Monday, May 4 (IST), after the company reported a strong turnaround in its Q4FY26 earnings. The stock touched an intraday high of ₹715.90, marking its 52-week high, as investors reacted positively to the sharp jump in revenue and profitability.
As of 9:34 AM, the stock was trading near its day’s high with heavy volumes, reflecting strong buying interest.
Strong Q4FY26 Performance Drives Rally
ideaForge Technology delivered an impressive year-on-year (YoY) performance in the March quarter, supported by a significant rise in revenue and a return to profitability.
Revenue surged to ₹141 crore compared to ₹20.31 crore in Q4FY25, registering a massive growth of over 594%. This sharp jump indicates strong demand recovery and improved order execution.
At the operating level, EBITDA stood at ₹61.7 crore, a significant turnaround from a loss of ₹21.9 crore in the same quarter last year. The improvement highlights better cost efficiencies and operating leverage.
The company also reported a net profit of ₹60 crore, compared to a net loss of ₹25.7 crore in Q4FY25, marking a strong comeback in earnings.
Stock Price Movement
The stock opened at ₹710.00 against the previous close of ₹609.20 and quickly gained momentum during early trade.
During the session:
- The stock hit a low of ₹682.60
- It surged to a high of ₹715.90 (also its 52-week high)
- The 52-week low stands at ₹355.05
- Live traded volume crossed 33.77 lakh shares
The sharp rise in volume alongside price indicates strong institutional and retail participation.