In Q1 FY25 Ideaforge’s Profits Dwindle 89% 

Quadcopter manufacturing company Ideaforge on Thursday reported a massive drop in its profit for Q1 of the fiscal year 2025.

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The Mumbai-based company posted good financial performance in the fiscal year ending March 2024

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The company’s revenue from operations declined 15.7 percent to Rs 86 crore in Q1 FY25 from Rs 102 crore in Q4 FY24.

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In the previous fiscal, Ideaforge had posted 68.8 percent year-over-year growth to Rs 314 crore in revenue, with its profit rising by 41.3 percent to Rs 45.2 crore.

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The Company generated its entire operating revenue from the sale of unmanned aerial vehicles during the said quarter.

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The IPO of Ideaforge was valued at Rs 567 crore, including a fresh issue of Rs 240 crore—the rest was an offer for sale.

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