Ideaforge Technology Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
IDEAFORGE · price
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Ideaforge Technology filed its unaudited financial results for the quarter ended June 30, 2025. On a standalone basis, the company posted a loss after tax of approximately Rs 211 million in Q1 FY26, a notable improvement from the Rs 514 million loss in Q1 FY25. Consolidated loss after tax was around Rs 235 million in Q1 FY26 versus a Rs 623 million loss a year ago. Earnings per share remained negative at Rs (4.99) standalone and Rs (5.40) consolidated. Statutory auditors B S R & Co. LLP issued an unqualified limited review opinion on both sets of results. Separately, the Board approved the appointment of CFO Vipul Joshi as Whole-Time Director and his identification as a Promoter, plus amendments to the Articles of Association — both subject to shareholder approval via postal ballot.
Losses are narrowing sharply year-on-year, which is encouraging, but the company is still firmly loss-making and burning through capital. The proposal to elevate the CFO to Whole-Time Director with promoter status is a meaningful governance change that retail shareholders should weigh when the postal ballot is opened.