India's ideaForge Technology drops after Q3 loss widens

ideaForge Technology

23/01/2026 04:21

** Shares of ideaForge Technology IDEF.NS fall 5% to 406.6 rupees, lowest since May 8

** Unmanned aerial vehicles maker's Q3 loss after tax widens to 338.5 million rupees ($3.7 million) from 240.2 million rupees a year earlier due to a spike in expenses; rev up 79%

** Stock down 20.6% in 2025

($1 = 91.4662 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))