Latest news with #IdeaforgeTechnology
Business Standard
23-07-2025
- Business
- Business Standard
Ideaforge Tech drops after reporting net loss of Rs 23 cr in Q1 FY26
Ideaforge Technology declined 6.46% to Rs 509.30 after the company reported consolidated net loss of Rs 23.5 crore in Q1 FY26 compared with net profit of Rs 1.17 crore in Q1 FY25. Revenue from operations declined 85.17% YoY to Rs 12.78 crore during the quarter. The company reported a pre-tax loss of Rs 25.29 crore in Q1 FY26 compared with pre-tax profit of Rs 1.56 crore in Q1 FY25. The firm reported a negative EBITDA of Rs 15.14 crore in Q1 June 2025, compared with a positive EBITDA of Rs 8.46 crore in Q1 June 2024. The EBITDA margin stood at -118.5% in Q1 FY26 against 9.8% in Q1 FY25. As on 30th June 2025, the companys order book stood at Rs 144.8 crore Ankit Mehta, CEO said, The first quarter of FY 2026 marked a positive start for the financial year and reinforced ideaForges resilience: both in technology and in business. Ideaforge secured a significant Rs 137 crore order under the Governments 5th cycle of Emergency Procurement. This order followed rigorous technical evaluations and country-of-origin checks, highlighting our standing as a trusted partner to the Indian armed forces. The quarter also saw our platforms play a role in Operation Sindoor, proving effective in the high-stakes battlefield scenario, reaffirming the resilience of our indigenous product development and deep-tech foundation. Post-Operation Sindoor, government procurement has received a major boost, with the allocation of Rs 40,000 crore for the 6th cycle of Emergency Procurement for the armed forces. Additionally, the government has announced an RDI Fund of Rs 1 lakh crore, which will further boost innovation efforts in the industry. The next phase of PLI is also expected to be rolled out for drone manufacturers, which will be a major tailwind for the industry and ideaForge. Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India.
Economic Times
23-07-2025
- Business
- Economic Times
Ideaforge shares slide 7% after weak Q1 performance, fourth straight quarterly loss
Ideaforge shares fell over 7% after the drone maker posted a weak Q1FY26, with a net loss of Rs 23.5 crore and an 85% YoY revenue drop. Despite a defence order win, analyst sentiment remains negative, with a 'Sell' rating and 24% downside target. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Ideaforge Technology slumped over 7% to Rs 506.2 on the BSE on Wednesday after the drone maker reported disappointing results for the April–June quarter of company posted a net loss of Rs 23.5 crore in Q1FY26, compared with a net profit of Rs 1.1 crore in the same period last year. Revenue from operations plunged 85% year-on-year to Rs 12.7 crore, down from Rs 86.2 crore in marks the fourth consecutive loss-making quarter for the total expenses fell 53% YoY to Rs 42 crore, the company reported a negative Ebitda of Rs 15.1 crore, compared with a positive EBITDA of Rs 8.5 crore in the year-ago period. However, the Q1FY26 EBITDA loss narrowed sequentially from Rs 17.4 crore in Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% Despite the weak financials, CEO Ankit Mehta remains optimistic, citing a Rs 137 crore defence order secured under the Centre's fifth cycle of emergency procurement. The company expects this order to start reflecting in its revenue over the next 2–3 quarters.'The order followed rigorous technical evaluations and country-of-origin checks,' Mehta also pointed to the company's involvement in Operation Sindoor, where it demonstrated high-endurance drone capabilities. Mehta expects increased government focus on indigenous defence production to drive future said the government's allocation of Rs 40,000 crore for the sixth emergency procurement cycle and the proposed Rs 1 lakh crore R&D innovation fund could significantly benefit drone manufacturers. He also highlighted the expected rollout of the next phase of the PLI scheme as a major upcoming catalyst for the Read: 7 Nifty500 stocks with highest dividend yields. Do you own any? According to Trendlyne, the average analyst target price for Ideaforge stands at Rs 388, implying a 24% downside from current levels. Of the two analysts covering the stock, the consensus rating is 'Sell'.Shares of Ideaforge have fallen 18% year-to-date and are down 56% over the past two years. The company currently commands a market capitalisation of Rs 2,201 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
&w=3840&q=100)
Business Standard
23-07-2025
- Business
- Business Standard
Stock Market LIVE: Sensex up 200 pts; Nifty tops 25,100; TaMo, Bajaj Finance lead; Realty stks slide
Sensex Today | Stock Market LIVE on Wednesday, July 23, 2025: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices slipped 0.23 per cent and 0.44 respectively 10:50 AM Stock Market LIVE Updates: This smallcap drone maker stock plunges 7% on weak Q1 show Stock Market LIVE Updates: Ideaforge Technology share price was under pressure on Wednesday, July 23, 2025, with the scrip dropping 7.01 per cent to an intraday low of ₹506.25 per share. At 10:00 AM, Ideaforge Technology share price was trading 5.79 per cent lower at ₹512.90. In comparison, BSE Sensex was trading 0.20 per cent higher at 82,348.30 levels. READ MORE 10:30 AM Stock Market LIVE Updates: Trading resumes on MCX after initial halt Stock Market LIVE Updates: Trading at the country's leading commodity exchange, Multi Commodity Exchange of India Ltd (MCX) resumed after it was halted on Wednesday morning amid reports of a technical glitch at the platform. Reports indicate that such halts usually occur due to a technical glitch. The disruption in trading on MCX could affect trading volumes and hedging activities in key commodities such as gold, silver, crude oil, and base metals.
Business Standard
23-07-2025
- Business
- Business Standard
Ideaforge Technology reports consolidated net loss of Rs 23.56 crore in the June 2025 quarter
Sales decline 85.17% to Rs 12.78 crore Net loss of Ideaforge Technology reported to Rs 23.56 crore in the quarter ended June 2025 as against net profit of Rs 1.17 crore during the previous quarter ended June 2024. Sales declined 85.17% to Rs 12.78 crore in the quarter ended June 2025 as against Rs 86.19 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 12.7886.19 -85 OPM % -149.302.85 - PBDT -15.518.19 PL PBT -25.291.57 PL NP -23.561.17 PL
&w=3840&q=100)
Business Standard
23-07-2025
- Business
- Business Standard
This smallcap drone maker stock plunges 7% on weak Q1 show; details here
Ideaforge Technology share price tanked after posting weak set of results in the June quarter of financial year 2026 (Q1FY26). SI Reporter New Delhi Ideaforge Technology share price: Ideaforge Technology share price was under pressure on Wednesday, July 23, 2025, with the scrip dropping 7.01 per cent to an intraday low of ₹506.25 per share. At 10:00 AM, Ideaforge Technology share price was trading 5.79 per cent lower at ₹512.90. In comparison, BSE Sensex was trading 0.20 per cent higher at 82,348.30 levels. What led to the fall in Ideaforge Technology share price today? Ideaforge Technology share price tanked after posting weak set of results in the June quarter of financial year 2026 (Q1FY26). The company posted a net loss of ₹25.9 crore in the June quarter of FY26, as against a profit of ₹1.1 crore in the same quarter last year (Q1FY25). The revenue, too, dipped 85.2 per cent year-on-year (Y-o-Y) to ₹12.7 crore in Q1FY26, from ₹86.1 crore in the same quarter previous fiscal year. At the operating level, Ideaforge Technology posted an Ebitda loss of ₹15.14 crore in Q1FY26. Despite the weak Q1 show, Ankit Mehta, CEO of Ideaforge Technology said, 'The first quarter of FY2026 marked a positive start for the financial year and reinforced ideaForge's resilience: both in technology and in business. ideaForge secured a significant ₹137 crore order under the Government's 5th cycle of Emergency Procurement. This order followed rigorous technical evaluations and country-of-origin checks, highlighting our standing as a trusted partner to the Indian armed forces. The quarter also saw our platforms play a role in Operation Sindoor, proving effective in the high-stakes battlefield scenario, reaffirming the resilience of our indigenous product development and deep-tech foundation. He added, 'Post-Operation Sindoor, government procurement has received a major boost, with the allocation of ₹40,000 crore for the 6th cycle of Emergency Procurement for the armed forces. Additionally, the government has announced an RDI Fund of ₹1 lakh crore, which will further boost innovation efforts in the industry. The next phase of PLI is also expected to be rolled out for drone manufacturers, which will be a major tailwind for the industry and ideaForge. Our strategic and operational efforts are well on track, and we are committed to delivering long-term and meaningful value to our stakeholders.' ALSO READ | About Ideaforge Technology ideaForge is a pioneer and market leader in India's unmanned aircraft systems (UAS) sector, with the largest deployment of indigenous drones across the country. Backed by prominent investors such as Qualcomm, Infosys, and Florintree, the company has established a strong presence in both civil and military drone applications. ideaForge UAVs are widely used for surveillance and mapping, with one of its drones taking off every three minutes across India. In 2024, ideaForge was ranked third globally among top dual-use (civil and defence) drone manufacturers by Drone Industry Insights, a leading global drone market research firm.
