India, May 9 -- Shares of ideaForge rallied 20% to hit the upper circuit at INR 463.20 during the intraday trading session on the BSE today, compared to its previous closing price of INR 386.

ideaForge's consolidated net loss surged 7% to INR 25.7 Cr in Q4 FY25 from INR 24 Cr loss it reported in the previous quarter. The company had posted a net profit of INR 10.3 Cr in the year-ago quarter.

On a quarter-on-quarter basis (QoQ), its operating revenue jumped 15% to INR 20.3 Cr from INR 17.6 Cr. While on the year-on-year basis the revenues slumped 80% from INR 102.3 Cr.

The surge in the stocks of the drone manufacturer comes amid ongoing border tensions between India and Pakistan. Back in 2021, the company bagged a $20 Mn contract from th...