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Shares of the famous drone manufacturing company IdeaForge Technology saw a decline of about 8 percent on Friday. The reason behind this decline is the company’s quarterly performance. The company’s total loss during the December quarter stood at Rs 33.85 crore. Which has decreased by 41 percent on annual basis. Despite a strong increase in the company’s revenue, there has been a loss. The revenue of Ideaforge Technology during October to December 2025 has been Rs 31.54 crore. Which means the company’s revenue has increased by 79 percent on an annual basis. The company’s revenue in the same quarter a year ago was Rs 17.61 crore.
Ashish Kacholia, Mukul Aggarwal and Vijay Kedia invested money in these companies in Q3
Why did the company’s loss increase?
The increase in losses is due to the increase in material expenses of the company. Idea Forge sales have increased by 76 percent. At the same time, compared to the September quarter, the company’s sales have increased by 49 percent and by 54 percent on an annual basis. This company had work worth Rs 164 crore in the September quarter. At the end of December quarter it had increased to Rs 350.80 crore. Let us tell you, Idea Forge is also increasing its focus towards non-defense business. For this, the company is working with government institutions as well as private companies.
There will be a holiday in the stock market on Monday, there will be no trading in BSE and NSE
Drone company is struggling in the stock market
The shares of the drone manufacturing company had opened with a decline at the level of Rs 415 on BSE on Friday. The company’s share price fell by about 8 percent during the day and fell to an intra-day low of Rs 396.50. During the last 6 months, the shares of this drone manufacturing company have fallen by 19 percent. At the same time, the price of shares of the company has fallen by 26 percent in one year. In the last two years, the prices of shares of the drone manufacturing company have fallen by 46 percent.
