Ideaforge revenue nosedives 85% in Q1 FY26

Drone maker ideaForge Technologies reported a sharp decline in its topline during the quarter ended June 2025, as revenue from operations fell over 85% year-on-year to Rs 12.78 crore from Rs 86.4 crore in Q1 FY25. The company also recorded a net loss of Rs 21.7 crore compared to a profit of Rs 1.9 crore in Q1 FY25.

The revenue drop was due to a high base in Q1 last year, when IdeaForge had delivered large defence and institutional…