Latest news with #ideaForge
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.
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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.
Mint
22-07-2025
- Business
- Mint
ideaForge Q1 Results: Drone-maker posts ₹23.5 crore net loss, revenue tanks 85%YoY. Details here
ideaForge Q1 results: The drone-making company ideaForge announced the results for the April to June quarter of the financial year 2025-26 on Tuesday, 22 July 2025. The company reported a ₹ 23.5 crore net loss in the first quarter of the 2025-26 fiscal year, compared year-on-year (YoY) to ₹ 1.1 crore net profit in the same quarter of the previous year. The company's revenue from operations dropped by 85.1% to ₹ 12.7 crore in the April-June quarter of the current fiscal, compared to ₹ 86.2 crore in the same period a year ago. ideaForge's total expenses for the first quarter of the financial year 2025-26 dropped 53% to ₹ 42 crore, compared to its ₹ 90.6 crore levels in the same quarter the previous fiscal year. ideaForge shares closed 0.73% lower at ₹ 544.45 after Tuesday's stock market session, compared to ₹ 548.45 at the previous market close. The company announced its first-quarter results after stock market operating hours on 22 July 2025. According to BSE data, the drone company's shares hit their 52-week high at ₹ 864 on 29 July 2025, while the 52-week low was at ₹ 301 on 7 April 2025. The company's market capitalisation (M-Cap) was at ₹ 2,352.27 crore as of the stock market close on Tuesday, 22 July 2025. ideaForge shares have lost 58.15% since it was listed on the Indian stock market in July 2023. The stock is also down 33.50% in the last one-year period. On a year-to-date (YTD) basis, the shares are down 13.19% in 2025, and are currently trading 3.71% lower on the Indian bourses.
Time of India
29-06-2025
- Business
- Time of India
Drones have become a winning strategy in war; can they be in investing?
Drones have become a winning strategy in war; can they be in investing? SWITCH UAV: Hybrid Fixed-Wing VTOL for High-Endurance Surveillance; image credit: Company Synopsis Shares of ideaForge hit the upper circuit at INR631 on Monday after bagging an INR137 crore defence order for mini UAVs. As the drone industry gains altitude, ideaForge now faces the real test — delivering steady performance amid rising competition. By VARSHA SANTOSH 8 Mins Read, Jun 30, 2025, 05:00 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close War rattles markets — but not all stocks bleed. When bombs go off, confidence usually tanks and the red spreads across trading screens. Yet, even in the fog of conflict, two sectors often emerge stronger: healthcare and defence. This week, it was the turn of drones to fly high. Shares of ideaForge — a Mumbai-based drone tech company — hit the upper circuit at INR631 on Monday, after it secured an INR137 crore order from the Ministry of Defence
Economic Times
29-06-2025
- Business
- Economic Times
Drones have become a winning strategy in war; can they be in investing?
War rattles markets — but not all stocks bleed. When bombs go off, confidence usually tanks and the red spreads across trading screens. Yet, even in the fog of conflict, two sectors often emerge stronger: healthcare and defence. This week, it was the turn of drones to fly high. Shares of ideaForge — a Mumbai-based drone tech company — hit the upper circuit at INR631 on Monday, after it secured an INR137 crore order from the Ministry of Defence
