Ideaforge Technology Ltd's Q1FY26 Quarterly Results

Result Summary

• Ideaforge Technology Ltd reported a 84.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a decline of 81.9%.
• Its expenses for the quarter were down by 55.1% QoQ and 53.6% YoY.
• The net profit decreased 328.1% QoQ and decreased 2113.7% YoY.
• The earnings per share (EPS) of Ideaforge Technology Ltd declined at 5.4 during Q1FY26.

Financial Statments for Q1FY26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Ideaforge Technology Ltd is known for its specialization in the development and manufacturing of Unmanned Aerial Vehicles (UAVs), commonly referred to as drones. The company operates within the technology and aerospace industry, providing products and solutions that cater to defense, surveillance, and industrial sectors. It is recognized for its innovation in drone technology and has been involved in various projects that enhance operational efficiencies and security capabilities. Any recent major developments specific to Ideaforge Technology Ltd are not available at this time.

Revenue

In the first quarter of the fiscal year 2026 (Q1FY26), Ideaforge Technology Ltd reported a total income of ₹16.72 crores. This marks a significant decrease of 84.5% compared to the previous quarter (Q4FY25), where the total income was ₹107.66 crores. When compared year-over-year, the total income declined by 81.9% from Q1FY25, which saw a total income of ₹92.19 crores. This data indicates a notable reduction in revenue both sequentially and annually.

Profitability

The company's profitability in Q1FY26 showed a substantial decline, with a reported loss before tax of ₹25.29 crores, compared to a profit before tax of ₹14.14 crores in Q4FY25. This represents a negative quarter-over-quarter change of 278.9%. Additionally, the year-over-year performance also deteriorated significantly, as the profit before tax in Q1FY25 was ₹1.57 crores, resulting in a 1710.8% decline. The profit after tax followed a similar trend, with a loss of ₹23.56 crores in Q1FY26, a stark contrast to the profit of ₹10.33 crores in the previous quarter, reflecting a 328.1% decline. Year-over-year, this metric decreased by 2113.7% from Q1FY25. Earnings per share also experienced a decline, moving from ₹2.40 in Q4FY25 to a negative ₹5.40 in Q1FY26.

Operating Metrics

Total expenses for Ideaforge Technology Ltd in Q1FY26 were reported at ₹42.01 crores, showing a decrease of 55.1% from ₹93.52 crores in Q4FY25. When compared to the same quarter last year (Q1FY25), total expenses decreased by 53.6% from ₹90.62 crores. The tax component also showed a downward trend, with a negative value of ₹1.74 crores in Q1FY26, compared to ₹3.81 crores in Q4FY25, resulting in a 145.7% change. Year-over-year, the tax expense showed a 535.0% decline from Q1FY25, where it stood at ₹0.40 crores. These operating metrics highlight significant shifts in both expenses and tax components over the quarter and year.