India, Aug. 10 -- Barely a quarter after reporting profits, dronetech major ideaForge once again slipped into the red in the June 2026 quarter (Q1 FY27). The company reported a net loss of Rs.2.3 Cr, down over 90% from the Rs.23.5 Cr loss in the previous year quarter. In contrast, the Pune-based company had registered a net profit of Rs.61 Cr in Q4 FY26.

The loss came despite ideaForge's operating revenue growing multifold by 436% to Rs.68.6 Cr in Q1 FY27 from Rs.12.8 Cr in the year-ago period. However, it plunged sequentially by about 51% from Rs.141 Cr in the preceding quarter.

Including other income of Rs.19.5 Cr, the company's total income for the period stood at Rs.70.5 Cr. Meanwhile, total expenses almost doubled YoY to Rs.82.5 Cr...