Ideaforge Technology Limited has informed the Exchange regarding a press release dated May 08, 2025, titled "Press Release for the Board Meeting held on May 08, 2025".
IDEAFORGE · price
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Ideaforge Technology reported a sharp decline in FY25 performance, with consolidated revenue falling to INR 1,612.2 Mn from INR 3,140 Mn in FY24 (about 49% drop). The company swung to a full-year loss of INR 622.7 Mn versus a profit of INR 452.7 Mn last year, and EBITDA turned negative at INR -315.2 Mn. Q4 FY25 was particularly weak, with revenue at just INR 203.1 Mn (vs INR 1,023 Mn in Q4 FY24) and a PAT loss of INR 257 Mn. Management attributed the slowdown to India's general elections and delayed defence procurement, but noted recovery momentum from CICT emergency tenders and AeroIndia 2025 leads. Revenue mix remains heavily defence-skewed at 96%, with new product launches (NETRA 5, Switch V2, ZOLT, YETI), a strategic investment in US-based Vantage Robotics, and a partnership with Sterlite Group's Resonia.
Negative near-term sentiment likely as the company posts its first annual loss with revenues nearly halving; however, management highlights a healthy L1 pipeline and new product categories that could support recovery in FY26 if defence orders convert.