Dronetech company ideaForge’s net loss in Q2 FY26 magnified by 43% to INR 19.6 Cr from INR 13.7 Cr loss incurred in the year-ago period. On a sequential basis, the company managed to trim its net loss by 17% from INR 23.6 Cr.
The company’s top line recovered after taking a 85% YoY hit in Q1 FY26. In the quarter under review, ideaForge’s operating revenue increased 10% to INR 40.8 Cr from INR 37.1 Cr in the year-ago period.
This marked a near 220% improvement from the INR 12.8 Cr operating revenue reported in the previous quarter.
Including an other income of INR 3.3 Cr, the company’s total income for the period improved by 3% YoY to INR 44.1 Cr. On the other hand, its expenses for the quarter increased 4% YoY and 51% QoQ to INR 63.5 Cr.
(The story will be updated shortly.)
The post ideaForge Q2 Loss Widens 43% YoY To INR 19.6 Cr appeared first on Inc42 Media.
-
Akeal Hosein equals this T20I record of Dwayne Bravo: Details
-
Rahul Gandhi, Tejashwi Yadav to address joint rallies in Bihar on Wednesday
-
Pakistan Warns Afghanistan After Peace Talks Collapse: 'We Will Gouge Their Eyes Out'
-
‘If Hamas Does Not Behave...’: Trump Backs Israel’s Right To Respond, Reaffirms Gaza Ceasefire
-
Explained: Why Texas is suing Tylenol producers over pregnancy marketing
