Ideaforge Technology Limited — PPTs, 28-01-2025: Investor Presentation

Revenue from operations for the nine months in FY25 stood at INR 1,409 million, a 33% decline compared to INR 2,117 million in FY24, primarily due to delays in order bookings connected to the election year and reduced government spending. However, the company saw encouraging signs in Q3 FY25, with new order bookings of INR 168 million, up from INR 44 million in the previous quarter and INR 134 million in the same quarter last year, indicating improved business momentum. Gross margin improved notably to 46.0% in Q3 FY25 from 24.6% in Q2 FY25, although the cumulative gross margin for the nine months was lower at 32.6%, down from 53.3% in FY24, reflecting product mix variations. EBITDA and PAT margins showed negative trends, ending at -10% and -136.4% respectively for 9M FY25. The company has been recognized as the third-largest dual-use drone manufacturer globally and achieved military certification for its SWITCH UAV, marking significant advancements in its technological and market position.