Dronetech company ideaForge’s net loss for the quarter ended December 31, 2025 (Q3 FY26) widened 41% to INR 33.9 Cr from INR 24 Cr loss incurred in the year-ago period. On a sequential basis, the company’s losses magnified 73% from INR 19.6 Cr in the previous quarter. This is the sixth consecutive loss-making quarter for the company. Operating revenue jumped 79% to INR 31.6 Cr from INR 17.6 Cr in the year-ago period. However, the company’s top line declined by 23% from INR 40.8 Cr in Q2. Including other income, ideaForge’s total income for the period stood at INR 34.2 Cr. Meanwhile, total expenses zoomed 64% to INR 70.1 Cr from INR 42.8 Cr reported in the same quarter of the previous fiscal. Meanwhile, total expenses zoomed 64% to INR 70.1 Cr from INR 42.8 Cr reported in the same quarter of the previous fiscal. During the quarter under review, ideaForge also incurred an exceptional item loss of INR 3.5 Cr on account of the gratuity liability arising out of changes introduced by the central government to Labour Codes. EBITDA loss for the quarter zoomed almost tripled YoY to INR 23.9 Cr. The company said that its gross profit for… Read MoreInc42 Media
