Ideaforge Technology Ltd's Q3FY25 Quarter Results
- 4d ago
Result Summary
- Ideaforge Technology Ltd reported a 47.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 76.9%.
- Its expenses for the quarter were down by 29.8% QoQ and 44.7% YoY.
- The net profit increased 74.9% QoQ and decreased 262.3% YoY.
- The earnings per share (EPS) of Ideaforge Technology Ltd declined at 5.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 22.51 | 42.94 | 97.50 | -47.6% | -76.9% |
Total Expenses | 42.79 | 60.93 | 77.35 | -29.8% | -44.7% |
Profit Before Tax | -20.28 | -18.00 | 20.15 | 12.7% | -200.6% |
Tax | 3.74 | -4.27 | 5.35 | -187.6% | -30.1% |
Profit After Tax | -24.02 | -13.73 | 14.80 | 74.9% | -262.3% |
Earnings Per Share | -5.60 | -3.10 | 3.40 | 80.6% | -264.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ideaforge Technology Ltd is a company known primarily for its innovation in the field of UAV (Unmanned Aerial Vehicles) technology. It operates within the technology and industrial sectors, focusing on the development and manufacturing of drones and related technologies. The company is recognized for its contributions to defense, homeland security, and industrial applications with its advanced drone solutions. As of the latest available information, there are no specific details regarding recent major developments in the company.
Revenue
For Q3FY25, Ideaforge Technology Ltd reported total income of ₹22.51 crores, compared to ₹42.94 crores in Q2FY25 and ₹97.50 crores in Q3FY24. This reflects a quarter-over-quarter decrease of 47.6% and a year-over-year decrease of 76.9%. These figures indicate a substantial decline in revenue over both periods. The notable reduction in revenue from the previous quarter and the same quarter last year is significant and reflects changes in the company's financial performance over these periods.
Profitability
The company recorded a loss before tax of ₹20.28 crores in Q3FY25, whereas the loss was ₹18.00 crores in Q2FY25 and there was a profit before tax of ₹20.15 crores in Q3FY24. The quarter-over-quarter change is a 12.7% increase in losses, and the year-over-year change is a 200.6% decline from profit to loss. The tax expense for Q3FY25 was ₹3.74 crores, compared to a tax credit of ₹4.27 crores in Q2FY25 and a tax expense of ₹5.35 crores in Q3FY24. Profit after tax for Q3FY25 was a loss of ₹24.02 crores, compared to a loss of ₹13.73 crores in Q2FY25 and a profit of ₹14.80 crores in Q3FY24. This represents a 74.9% increase in losses quarter-over-quarter and a 262.3% decrease year-over-year. Earnings per share were negative at ₹5.60, compared to negative ₹3.10 in the previous quarter and positive ₹3.40 in the same quarter last year.
Operating Metrics
The financial data indicates a significant reduction in total expenses, which stood at ₹42.79 crores for Q3FY25, down from ₹60.93 crores in Q2FY25 and ₹77.35 crores in Q3FY24. This reflects a 29.8% decrease quarter-over-quarter and a 44.7% decrease year-over-year. The reduction in expenses, although substantial, did not offset the decline in income. The earnings per share (EPS) for the current quarter were negative at ₹5.60, showing a decrease from the previous quarter's negative ₹3.10 and a decline from positive ₹3.40 in the same quarter last year. These metrics illustrate a challenging financial period for the company, with significant reductions in both revenue and profitability compared to the previous periods.
