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Informative

Ideaforge revenue nosedives 85% in Q1 FY26

Update / Judgement Date

23 Jul 2025

Source

Entrackr

Author

Team — WCP Legal Desk

Reading Time

1 min read

Financial ManagementStart-Up & DPIIT

IdeaForge, a drone manufacturer, reported an "85% nosedive in revenue to ₹12.78 crore in Q1 FY26," incurring a net loss of "₹21.7 crore." This sharp decline is attributed to a high base in Q1 FY25 due to large defense and institutional orders, with fewer such deliveries this quarter. Despite the weak financials, the company secured a ₹137 crore order from the Indian Army, indicating ongoing strategic engagements in the defense sector, aiming for future recovery.