The shares of the defence technology company, engaged in the business of manufacturing Unmanned Aircraft Systems decreased 8 percent per share after declaring a Q1 business Results.
Ideaforge Technology Ltd is a small-cap company with a market capitalization of Rs.2,208 Cr. It opened at Rs.516.10 per equity share from its previous day’s closing price Rs.544.45 and made an intraday low of Rs.503.00(-7.64 percent) per equity share.
Quarterly Updates
In Q1 FY26, Ideaforge Technology Ltd reported revenues of Rs.127.8 million, which is a sharp drop of 37 percent QoQ from Rs.203.1 million in Q4 FY25. The company also posted a loss after tax of Rs.235.6 million in Q1 FY26, slightly improving from a larger loss of Rs.257.0 million in the previous quarter.
The company’s revenue from operations decreased by 85 percent year-on-year, falling from Rs.816.9 million in Q1FY25 to Rs.127.8 million in Q1FY26. In terms of profitability, the company reported a net profit of Rs.11.7 million in Q1FY25, which turned into a net loss of Rs.235.6 million in Q1FY26. This represents a negative shift of Rs.223.9 million.
Key Highlights of Q1 FY26
During Q1 FY26, Ideaforge Technology Ltd secured a significant emergency procurement order worth Rs.137 crore from the Indian Army for its mini-UAVs. The company’s drones were also deployed during Operation Sindoor, showcasing their readiness for real battlefield conditions.
During Operation Sindoor, the company carried out its field trials, showcasing the long-range performance of its ZOLT drones and strong resistance to electronic warfare.
Ideaforge Technology Ltd partnered with HFCL to expand its global presence for advanced drones. It also took part in major international exhibitions in Japan, the USA, France, and the Czech Republic.
Also Read: Microcap stock skyrockets 14% after company’s net profit increases by 1,212% QoQ
Company profile
Ideaforge Technology Ltd is a leading player in the Indian unmanned aircraft systems (UAS) market. It has the largest operational deployment of indigenous drones across the country, with an ideaforge Technology Ltd drone taking off every five minutes on average for surveillance and mapping tasks.
The company’s UAVs have completed over 7.25 lakh flights, highlighting their reliability and widespread use. In December 2024, ideaforge Technology Ltd was ranked 3rd globally among dual-use (civil and defense) drone manufacturers by Drone Industry Insights.
As of June 30, 2025, the company’s order book stood at Rs. 1,448 crore, showing a sharp rise compared from Rs.136 crore on March 31, 2025. This marks a significant increase of over 964 percent, indicating a strong pipeline of upcoming business and growing demand for the company’s products.
Written by Sudeep Kumbar
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