ideaForge
IdeaForge shares sink 5% despite 79% revenue surge as losses widen
Mumbai/IBNS: Shares of ideaForge Technologies Ltd. fell nearly 5% on Thursday after the company reported widening losses despite strong year-on-year growth in the third quarter of FY 2025–26, media reports said.
The drone-maker’s revenue surged 79% year-on-year to Rs. 31.54 crore in Q3, compared with the corresponding quarter of the previous fiscal. However, topline growth remained modest on a sequential basis.
Despite the revenue growth, the company continued to post losses. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) almost doubled to Rs. 24 crore in the third quarter from Rs. 13 crore a year ago.
On a quarter-on-quarter basis, EBITDA nearly tripled from Rs. 7.99 crore.
The company reported a net loss of Rs. 33.85 crore at the end of the third quarter, widening from a loss of Rs. 24.02 crore in the year-ago period and Rs. 19.62 crore in the previous quarter.
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