India's IdeaForge Technology slumps on Q1 profit drop

ideaForge Technology

23/07/2025 06:15

** Shares of IdeaForge Technology  IDEF.NS fall 6.6% to 509 rupees, marking steepest intraday percentage loss since October 29 2024

** Co, which makes drones and unmanned aircraft systems, posts a consol net loss of 235.5 million rupees ($2.73 mln) in Q1, compared to a profit of 11.7 million rupees a year ago

** Revenue from operations falls 85.2%

** More than 581,805 shares change hands, 0.6x of 30-day avg

** Stock down 13.5% YTD

($1 = 86.3850 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))