ideaForge Slips Into The Red In Q1, Reports ₹2.3 Cr Loss

Barely a quarter after reporting profits, dronetech major ideaForge once again slipped into the red in the June 2026 quarter (Q1 FY27). The company reported a net loss of ₹2.3 Cr, down over 90% from the ₹23.5 Cr loss in the previous year quarter. In contrast, the Pune-based company had registered a net profit of ₹61 Cr in Q4 FY26.

The loss came despite ideaForge’s operating revenue growing multifold by 436% to ₹68.6 Cr in Q1 FY27 from ₹12.8 Cr in the year-ago period. However, it plunged sequentially by about 51% from ₹141 Cr in the preceding quarter.

Including other income of ₹19.5 Cr, the company’s total income for the period stood at ₹70.5 Cr. Meanwhile, total expenses almost doubled YoY to ₹82.5 Cr.

(The story will be updated shortly)

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