| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 17.61 | 52.5% |
| Total Income | 22.51 | 47.6% |
| Expenditure | 42.78 | 29.8% |
| PBT | -20.28 | 12.7% |
| Net Profit | -24.02 | 74.9% |
| OPM | — | |
| NPM | — | |
| EPS | -5.56 | 74.8% |
ideaForge Technology Ranks 3rd Among Dual-Use Drone Manufacturers, Q3 FY25 Financial Performance Highlights Include 46.0% Gross Profit Percentage and 53.3% Gross Profit Margin
29 Jan 2025 · 29 Jan 2025, 01:26 am
Summary
ideaForge Technology, the leading Indian unmanned aircraft systems (UAS) market player, has announced its unaudited Financial Results for the Quarter ended 31st December 2024. The company has achieved significant milestones, including a 3rd rank in dual-use drone manufacturers and becoming the first small UAV certified as 'Fit for Indian Military Use' by DGQA. ideaForge has also deployed drones for coastal management in Maharashtra and joined Operation DRONAGIRI under India's National Geospatial Policy.
Key Highlights
- 1
Ranked 3rd globally among dual-use drone manufacturers by Drone Industry Insights (DRONEII) Global Drone Review 2024
- 2
SWITCH UAV becomes the first and only small UAV certified as 'Fit for Indian Military Use' by DGQA
- 3
Drones deployed for coastal management solution in Maharashtra across 7 coastal districts
- 4
Participating as an official data provider for Operation DRONAGIRI, under a pilot project in India's National Geospatial Policy
- 5
Q6 V3 launched in the North American Market for homeland security customers
Management Comments
Mr Ankit Mehta
CEO
Conversion of opportunities to orderbook has been muted thus far in this financial year, largely attributable to elections and low government spending in this timeframe. However, the third quarter of this year has started to bring everything together, be it rapid progress in technology development, rekindling the latent demand from customers, and recognition of our efforts. Ranking 3rd globally as a dual-use drone manufacturer in DIl’s Global Drone Review 2024 and our SWITCH UAV becoming the first and only small UAV certified as ‘Fit for Indian Military Use’ by DGQA exemplify our commitment to innovation and excellence. We opened a new application in the form of coastal surveillance with our SWITCH UAV being deployed for a coastal management solution in Maharashtra. In order to unlock the use of geospatial data in private enterprises, we have become part of Operation DRONAGIRI, a pilot project by the government of India under the National Geospatial Policy (NGP), 2022. Learnings from our successful Early Adopter Program initiative in the United States helped us conceptualize and also launch a new quadcopter platform (Q6 V3) in the United States. We are now excited to showcase our technology progress and vision at Aero India 2025.”
Informational and educational content only. Not investment advice.