Archive · 23 Jul 2025
Ideaforge Shares Fall After Q1 Loss, Government Procurement
Ideaforge Technology, a drone maker, saw its stock price drop after announcing financial results for the June quarter.
The company experienced a loss of Rs 23.56 crore, although this was slightly better than the previous year's loss.
Despite the loss, the company secured a significant order from the government.
The CEO highlighted the role of their platforms in Operation Sindoor.
Additionally, there's optimism for future growth due to government initiatives such as more funding for procurement and research and development.
Ideaforge Technology shares fell up to 7% after reporting a net loss for the June quarter.
The company's net loss for the quarter ended June 2024 was Rs 23.56 crore.
Ebitda loss for the same period stood at Rs 15.14 crore, contrasting with a positive Ebitda the previous year.
Ideaforge secured a Rs 137 crore order under the Government's 5th cycle of Emergency Procurement.
Ideaforge platforms played a role in Operation Sindoor, according to the CEO.
- Who
- Ideaforge Technology Ltd, a drone maker.
- What
- Ideaforge Technology's stock declined after the company reported a net loss for the June quarter.
- When
- The stock decline occurred on Wednesday after the June quarter results were announced.
- Where
- The stock was traded on the BSE.
- Why
- The stock fell due to a reported net loss and negative Ebitda.
Company Performance
Government Support
Financial Health
Company Performance
Financial results show a net loss.
Government Support
The net loss is slightly lower than the previous year's.
- Stock Decline
- Up to 7%
- Lowest Price
- Rs 506.25 on BSE
- Net Loss (June 2024)
- Rs 23.56 crore
- Ebitda Loss
- Rs 15.14 crore
- Order Received
- Rs 137 crore from Government
- Operation Mentioned
- Operation Sindoor