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Ideaforge Technology Ltd Q1FY24; 54% fall in Profits

Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).

Financial Results:

Ideaforge Technology Ltd reported Revenues for Q1FY24 of ₹97.07 Crores down from ₹99.27 Crore year on year, a fall of 2.22%.

Total Expenses for Q1FY24 of ₹75.54 Crores up from ₹47.25 Crores year on year, a rise of 59.87%.

Consolidated Net Profit of ₹18.86 Crores down 54.28% from ₹41.25 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.95, down 99.89% from ₹4,552.98 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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