₹1,700 Cr Sell-Off: Is India's Defence Boom Overheating?
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Business Standard
4 days ago
- Business Standard
Ideaforge Tech drops after reporting net loss of Rs 23 cr in Q1 FY26
Ideaforge Technology declined 6.46% to Rs 509.30 after the company reported consolidated net loss of Rs 23.5 crore in Q1 FY26 compared with net profit of Rs 1.17 crore in Q1 FY25. Revenue from operations declined 85.17% YoY to Rs 12.78 crore during the quarter. The company reported a pre-tax loss of Rs 25.29 crore in Q1 FY26 compared with pre-tax profit of Rs 1.56 crore in Q1 FY25. The firm reported a negative EBITDA of Rs 15.14 crore in Q1 June 2025, compared with a positive EBITDA of Rs 8.46 crore in Q1 June 2024. The EBITDA margin stood at -118.5% in Q1 FY26 against 9.8% in Q1 FY25. As on 30th June 2025, the companys order book stood at Rs 144.8 crore Ankit Mehta, CEO said, The first quarter of FY 2026 marked a positive start for the financial year and reinforced ideaForges resilience: both in technology and in business. Ideaforge secured a significant Rs 137 crore order under the Governments 5th cycle of Emergency Procurement. This order followed rigorous technical evaluations and country-of-origin checks, highlighting our standing as a trusted partner to the Indian armed forces. The quarter also saw our platforms play a role in Operation Sindoor, proving effective in the high-stakes battlefield scenario, reaffirming the resilience of our indigenous product development and deep-tech foundation. Post-Operation Sindoor, government procurement has received a major boost, with the allocation of Rs 40,000 crore for the 6th cycle of Emergency Procurement for the armed forces. Additionally, the government has announced an RDI Fund of Rs 1 lakh crore, which will further boost innovation efforts in the industry. The next phase of PLI is also expected to be rolled out for drone manufacturers, which will be a major tailwind for the industry and ideaForge. Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India.
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Business Standard
4 days ago
- Business Standard
This smallcap drone maker stock plunges 7% on weak Q1 show; details here
Ideaforge Technology share price tanked after posting weak set of results in the June quarter of financial year 2026 (Q1FY26). SI Reporter New Delhi Ideaforge Technology share price: Ideaforge Technology share price was under pressure on Wednesday, July 23, 2025, with the scrip dropping 7.01 per cent to an intraday low of ₹506.25 per share. At 10:00 AM, Ideaforge Technology share price was trading 5.79 per cent lower at ₹512.90. In comparison, BSE Sensex was trading 0.20 per cent higher at 82,348.30 levels. What led to the fall in Ideaforge Technology share price today? Ideaforge Technology share price tanked after posting weak set of results in the June quarter of financial year 2026 (Q1FY26). The company posted a net loss of ₹25.9 crore in the June quarter of FY26, as against a profit of ₹1.1 crore in the same quarter last year (Q1FY25). The revenue, too, dipped 85.2 per cent year-on-year (Y-o-Y) to ₹12.7 crore in Q1FY26, from ₹86.1 crore in the same quarter previous fiscal year. At the operating level, Ideaforge Technology posted an Ebitda loss of ₹15.14 crore in Q1FY26. Despite the weak Q1 show, Ankit Mehta, CEO of Ideaforge Technology said, 'The first quarter of FY2026 marked a positive start for the financial year and reinforced ideaForge's resilience: both in technology and in business. ideaForge secured a significant ₹137 crore order under the Government's 5th cycle of Emergency Procurement. This order followed rigorous technical evaluations and country-of-origin checks, highlighting our standing as a trusted partner to the Indian armed forces. The quarter also saw our platforms play a role in Operation Sindoor, proving effective in the high-stakes battlefield scenario, reaffirming the resilience of our indigenous product development and deep-tech foundation. He added, 'Post-Operation Sindoor, government procurement has received a major boost, with the allocation of ₹40,000 crore for the 6th cycle of Emergency Procurement for the armed forces. Additionally, the government has announced an RDI Fund of ₹1 lakh crore, which will further boost innovation efforts in the industry. The next phase of PLI is also expected to be rolled out for drone manufacturers, which will be a major tailwind for the industry and ideaForge. Our strategic and operational efforts are well on track, and we are committed to delivering long-term and meaningful value to our stakeholders.' ALSO READ | About Ideaforge Technology ideaForge is a pioneer and market leader in India's unmanned aircraft systems (UAS) sector, with the largest deployment of indigenous drones across the country. Backed by prominent investors such as Qualcomm, Infosys, and Florintree, the company has established a strong presence in both civil and military drone applications. ideaForge UAVs are widely used for surveillance and mapping, with one of its drones taking off every three minutes across India. In 2024, ideaForge was ranked third globally among top dual-use (civil and defence) drone manufacturers by Drone Industry Insights, a leading global drone market research firm.
News18
5 days ago
- News18
BSF Initiates Biggest-Ever Plan To Upgrade Drone Warfare Ecosystem After Operation Sindoor
Last Updated: Sources said internal analysis highlighted various limitations, ranging from need of high-quality surveillance drones to urgent requirement of counter-drone infrastructure In a major move aimed at strengthening its technological edge along sensitive borders, primarily India-Pakistan, the Border Security Force (BSF) has initiated a massive procurement plan to acquire advanced drone systems, counter-drone technologies, and a wide spectrum of UAV-related assets. The strategic shopping spree follows an in-depth internal assessment conducted by the BSF, post-Operation Sindoor, which flagged requirement to work on specific issues and highlighted the urgent need for a comprehensive upgrade in its drone warfare and surveillance capabilities. A top-level official said the government has already given a green signal to strengthen BSF's drone ecosystem. The force is looking at a strategic shift triggered by escalation post-Operation Sindoor. According to sources, the internal analysis highlighted various limitations of drone warfare ecosystem, ranging from need of high-quality surveillance drones to an urgent requirement of robust counter-drone infrastructure. Sources said BSF has started preparing for any escalation along the western or eastern borders. Considering this, the BSF leadership has taken the decision to overhaul its drone strategy entirely. When asked about the drone ecosystem that BSF is planning to emphasise, the officer said: 'Focus would be to overhaul the entire drone warfare ecosystem, which includes surveillance and reconnaissance drones to provide real-time visuals over difficult terrain, dense forest cover, and riverine areas; combat and tactical drones equipped to carry payloads or execute precision operations during high-risk missions; counter-drone systems, including jammers, radars, kinetic interceptors, and RF-based systems to detect, disable, or destroy hostile drones." AI-powered Platforms Sources said the BSF is exploring AI-powered drone analytics platforms for automated target detection, pattern analysis, and predictive movement tracking using drone feeds. A senior BSF official said, 'The next conflict or infiltration will likely be shaped not just by boots on the ground, but by eyes in the sky. We cannot afford to be a step behind." A Look at Drone Tech Available Globally To ensure it procures cutting-edge systems, BSF is studying global benchmarks and the following technologies that are redefining UAV warfare and security. This includes nano and micro drones that are small, stealthy, and ideal for indoor or close-quarters surveillance, and swarm drones for coordinated drone fleets capable of overwhelming defence systems and executing complex group manoeuvres. Sources also said that anti-drone technologies like laser-based systems, RF jammers, and radar-integrated counter-UAV kits capable of neutralising threats mid-air as well as systems for drone detection and tracking systems that combine acoustic, RF, radar, and visual detection were on the list. view comments First Published: July 23, 2025, 09:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
