ideaForge Q3: Revenue Crashes 81% YoY, Posts INR 24 Cr Loss

Drone tech company ideaForge slipped into the red in the third quarter of the fiscal year 2024-25 (Q3 FY25), reporting a consolidated net loss of INR 24.02 Cr as against a net profit of INR 20.15 Cr. 

On a quarter-on-quarter basis, the company’s loss widened 42% from INR 13.73 Cr. 

Meanwhile, operating revenue crashed 81% to INR 17.61 Cr during the quarter under review from INR 90.89 Cr in the year-ago quarter. This marked a 53% sequential decline from INR 37.10 Cr. 

Including other income of INR 4.89 Cr, ideaForge reported a total income of INR 22.51 Cr in the quarter. 

(The story will be updated soon.)

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