Ideaforge Technology
509.35
+16.40(+3.33%)
Market Cap₹2,200.06 Cr
PE Ratio165.17
Company Performance:
1D+3.33%
1M+15.87%
6M+44.50%
1Y-28.31%
5Y-60.67%
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More news about Ideaforge Technology
09May 25
Ideaforge Tech Reports Q4 Loss and Revenue Decline Amid Challenging Market Conditions
Ideaforge Technology, a leading drone manufacturer, reported a net loss of ₹20.70 crore in Q4 FY2024, compared to a profit of ₹15.90 crore in Q4 FY2023. Revenue declined by 76.17% to ₹23.40 crore. Operating profit turned negative at ₹14.50 crore. Despite the Q4 setback, full-year FY2024 results showed resilience with revenue up 76.88% to ₹347.40 crore and net profit increasing 49.37% to ₹47.80 crore year-over-year.
08May 25
IdeaForge Technology Reports Q4 Net Loss of ₹20.4 Crore Amid Revenue Slump
IdeaForge Technology, India's leading drone manufacturer, reported a net loss of ₹20.40 crore in Q4 FY2024, compared to a profit of ₹11.79 crore in Q4 FY2023. Revenue plummeted 76.17% to ₹23.40 crore from ₹98.20 crore year-over-year. Sales decreased by 79.80% to ₹18.50 crore, and EBITDA turned negative at -₹9.60 crore. Operating profit margin fell to -78.43% from 22.60% last year, with EPS dropping to -₹4.78 from ₹3.76.
05Apr 25
IdeaForge Technology: Court Recalls Non-Bailable Warrant Against CFO, Company Confirms Non-Large Corporate Status
IdeaForge Technology, a drone technology company, is dealing with legal proceedings against its executives. The Chennai Metropolitan Magistrates Court has recalled a non-bailable warrant against the CFO and accepted sureties from other executives. The case involves charges of criminal breach of trust, cheating, and computer-related offenses, with the next hearing scheduled for April 24. Separately, the company disclosed it doesn't fall under the Large Corporate category as of March 31, 2025, with zero outstanding borrowings and a BBB+ credit rating.
20Feb 25
IdeaForge Technology Invests ₹15.96 Crore in US-based Vantage Robotics
IdeaForge Technology Limited has invested ₹15.96 crore (approx. $1.832 million) in Vantage Robotics, a US-based unmanned aircraft manufacturer. The investment, made on February 19, 2025, is in the form of a Compulsorily Convertible Promissory Note. Vantage Robotics, founded in 2013, specializes in UAV and UAV components manufacturing. This strategic move aims to enhance IdeaForge's technological capabilities and potentially expand its market presence, particularly in the US. The investment complies with RBI guidelines and is subject to necessary regulatory approvals.
Ideaforge Technology
509.35
+16.40
(+3.33%)
1 Year Returns:-28.31%
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