Drone manufacturer ideaForge Technology presented a mixed performance for the first quarter of 2026-27 as it slipped back into red due to disruptions in the global supply chain on component availability.
The company reported a loss of Rs 2.6 crore for the first quarter of FY27, which was 89% reduction when compared to Rs 23.56 crore loss registered in the same period of last fiscal.
However, in the fourth quarter of FY26, (which is the sequential quarter), ideaForge had in fact reported a profit of Rs 60 crore.
The company's revenue grew by 436.6% on a year-on-year (YoY) basis to touch Rs 68.58 crore for the first quarter of FY27.
But, when compared to the fourth quarter of FY26, the revenue touched Rs 141 and the decline was 51.3%.
