Ideaforge Technology Limited — Investor Meet, 14-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ideaForge Technology has announced a board meeting to consider the financial results for the quarter and half-year.

Consolidated revenue rose to Rs.20 Cr in Q4 from Rs.17 Cr in Q3, with full-year revenue at Rs.161 Cr versus Rs.314 Cr in the prior year. Gross margin was ~36% for Q4 and ~33% for FY25. EBITDA and PAT remained negative at Rs.17 Cr and Rs.25.7 Cr in Q4, and Rs.31 Cr and Rs.62 Cr for FY25. The order book stood at Rs.14 Cr, with an L1 pipeline exceeding Rs.400 Cr.

Management noted a slow industry year due to elections and delayed tenders, but Q4 saw renewed activity in defense projects, including certification of SWITCH UAV for military use. New drone platforms and strategic partnerships focus on expanding capabilities and market reach. R&D spending remains elevated to drive innovation amid rising defense demand. The outlook is cautiously optimistic, emphasizing growth via technology and diversification despite short-term revenue challenges.