ideaForge Reports 3rd Consecutive Quarter Of Loss, Posts INR 26 Cr Loss In Q4

Dronetech company ideaForge reported its third consecutive loss-making quarter in FY25. The company reported a consolidated net loss of INR 25.7 Cr in Q4 FY25, up 7% from INR 24 Cr loss it reported in the previous quarter. ideaForge had posted a net profit of INR 10.3 Cr in the year-ago quarter. 

Operating revenue jumped 15% quarter-on-quarter (QoQ) to INR 20.3 Cr from INR 17.6 Cr. On a year-on-year (YoY) basis, it slumped 80% from INR 102.3 Cr.

Meanwhile, the company’s expenses for the quarter stood at INR 50.4 Cr, up 18% QoQ. However, expenses declined 46% YoY. 

For the full fiscal year FY25, ideaForge posted a loss of INR 62.3 Cr as against a profit of INR 45.3 Cr in the previous fiscal. Its top line crashed 47% to INR 182.4 Cr from INR 344.4 Cr in FY24.

(The story will be updated soon.)

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