Ideaforge Technology Shares Surge 30%, Despite ₹25.7 Crore Loss in March Quarter. However, market recovery and investor optimism persist.
Defence Stock: Shares of Ideaforge Technology, a leading defense company manufacturing drones for the military, have surged over 30% in the last two days. Despite this rapid increase, the company reported a net loss of ₹25.7 crore in March 2025 (Q4FY25).
Ideaforge Technology Shares Increase by 29%
Despite a weak market, the company's shares on the BSE rose by 20% to ₹463.20, marking another record increase. These shares successfully climbed from ₹358.85 to ₹463.20 in the last two days, representing a remarkable 29% surge.
The company reported a loss of ₹25.7 crore in the March quarter, compared to a profit of ₹10.3 crore in the same quarter last year. However, growing business momentum and investor confidence are driving the recovery in share prices.
Impact of Economic Slowdown and Delays in Government Spending
Ideaforge Technology's revenue in the March quarter was ₹20.3 crore, an 80% decrease from ₹102.3 crore in the same quarter last year. The company attributed the loss to delays in government spending and changes in order timelines. Despite this, demand remains, and the company anticipates significant improvement in this sector in the future.
Is This a Good Investment Opportunity?
If you are considering investing in the defense sector, Ideaforge Technology may be an attractive option. Following the significant share price increase and b recovery, investors are now expressing positive sentiment towards the company's future prospects.
