Categories AlphaGraphs, Earnings, Technology

Ideaforge Technology Ltd Q2FY24; 78% 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 Q2FY24 of ₹23.73 Crores down from ₹40.28 Crore year on year, a fall of 41.09%.

Total Expenses for Q2FY24 of ₹37.30 Crores up from ₹36.70 Crores year on year, a rise of 1.63%.

Consolidated Net Profit of ₹0.89 Crores down 77.58% from ₹3.97 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.21, down 99.95% from ₹438.19 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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