ideaForge Q1 Revenue Plunges 85% To INR 13 Cr, Loss At INR 24 Cr

Drone tech company ideaForge reported yet another weak quarter, with its consolidated operating revenue crashing 85% to INR 12.8 Cr in Q1 FY26 from INR 86.2 Cr in the year-ago quarter.

On a sequential basis, revenue declined 37% from INR 20.3 Cr. 

As a result of the sizable decline in its top line, the company posted a net loss of INR 23.6 Cr during the quarter under review as against a net profit of INR 1.2 Cr in Q1 FY25.

However, loss declined 8% QoQ from INR 25.7 Cr. 

Including other income of INR 3.9 Cr, the company’s total income for the quarter stood at INR 16.7 Cr. This was 82% lower than INR 92.2 Cr of total income it reported in Q1 FY25. 

Meanwhile, the company’s expenses also declined 54% to INR 42 Cr from INR 90.6 Cr in the year-ago quarter. 

(The story will be updated soon)

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