Ideaforge share price slumped 7% on Wednesday’s session post weak Q1 results. The firm reported a net loss of ₹23.5 crore in the first quarter of 2025-26, in contrast to a net profit of ₹1.1 crore during the same quarter the previous year.
The company’s revenue from operations fell by 85.1% to ₹12.7 crore in the April-June period of the current fiscal year, compared to ₹86.2 crore in the corresponding timeframe last year.
Ideaforge’s total expenses for the first quarter of the 2025-26 financial year decreased by 53% to ₹42 crore, down from ₹90.6 crore in the same quarter of the previous fiscal year.
The drone manufacturing company Ideaforge revealed its financial results for the quarter from April to June for the 2025-26 fiscal year on Tuesday, July 22, 2025.
“The first quarter of FY 2026 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,” said Ankit Mehta, CEO of the company.
Ankit Mehta also mentioned that following Operation Sindoor, there has been a significant increase in government procurement, highlighted by the allocation of ₹40,000 crores for the sixth cycle of Emergency Procurement for the armed forces.
Furthermore, the government has introduced an RDI Fund worth ₹1 lakh crore, which will further enhance innovation initiatives within the industry. The upcoming phase of the PLI is also anticipated to be launched for drone manufacturers, which will serve as a considerable advantage for the industry and ideaForge.
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