ideaForge Technologies Share Price Slides Amid Persistent Losses – Q1 Financial Snapshot

Market Performance

Shares of ideaForge Technologies Ltd. dropped sharply by 6.7% on Wednesday, July 23, following the announcement of its Q1 FY25 results.

• The stock was trading at ₹508.3, falling from the previous close.
• The decline came after the company posted its fourth consecutive quarterly loss.
• Despite this fall, the stock has seen some recovery from its all-time low of ₹304.
• However, the share price still lags below its IPO price of ₹672.

Main News

On Tuesday post-market hours, ideaForge Technologies released its financial results for the quarter ended June 2025.

• The company reported a net loss of ₹23.56 crore.
• This represents a modest improvement from the ₹25.7 crore loss recorded in the corresponding quarter of the previous year.
• It is the fourth straight quarter the drone manufacturer has posted a loss.

Company Details

ideaForge Technologies, known for its innovative UAV (Unmanned Aerial Vehicle) solutions, made headlines with its blockbuster IPO in 2023. However, the company has faced challenges in maintaining consistent performance since listing.

• Despite the recent decline in revenue and profits, the company continues to focus on growth and collaborations.
• During the quarter, ideaForge secured a ₹137 crore emergency procurement order from the Indian Army.
• It also entered a strategic partnership with HFCL to expand its reach in global markets.

Revenue

• Revenue for the quarter stood at ₹12.78 crore, reflecting a significant drop.
  • - 85% YoY (from ₹86.19 crore)
  • - 37% QoQ

EBITDA

• EBITDA loss was reported at ₹15.14 crore.
  • Compared to a profit of ₹8.46 crore in the same period last year.
  • However, this was narrower than the ₹17.41 crore loss in the previous quarter.

EBITDA Margins

• Despite the financial challenges, the company saw an improvement in gross profit margin:
  • 61.7% in Q1 FY25
  • Up from 33.3% in Q1 FY24
  • Up from 35.9% in Q4 FY24
• This margin improvement is attributed to a favorable product mix.

Net Profits

• The net loss for the quarter stood at ₹23.56 crore.
• In comparison, the company had reported a ₹25.7 crore loss in the same quarter last year.

Order Book Update

• ideaForge’s order book saw a substantial rise:
  • ₹144.8 crore in Q1 FY25
  • Compared to:
    • ₹13.6 crore in Q4 FY24
    • ₹54.2 crore in Q1 FY24

Strategic Developments

• The company’s collaboration with HFCL is aimed at expanding global market access for advanced UAVs.
• The new ₹137 crore defense order from the Indian Army could help strengthen its future revenue streams.

Summary of the Article

The ideaForge Technologies share price declined sharply following the release of its Q1 FY25 financials. The drone manufacturer reported its fourth straight quarterly loss, although the scale of losses has narrowed. Revenue saw a steep fall both annually and sequentially, while gross profit margins showed notable improvement.

Despite its financial struggles, the company boosted its order book significantly and secured major defense contracts. While its stock remains below IPO levels, ongoing strategic partnerships and defense deals may play a crucial role in shaping its future.