India, Jan. 27 -- Shares of drone manufacturing company ideaForge tumbled over 6% in early trade to hit an all-time low of INR 508.05 apiece on the BSE today (January 27) amid a decline in the broader market.

At 10:42 AM, the stock was trading at INR 511.90, 5.48% lower than Friday's closing price of INR 541.60.

Amid a sharp decline in its share price ahead of its December quarter earnings, the market capitalisation of the listed drone manufacturer fell to INR 2,203.48 Cr (about $255.1 Mn).

ideaForge reported a consolidated net loss of INR 13.7 Cr in the quarter ending September 2024 (Q2 FY25) as against a net profit of INR 89.20 Lakh in the year-ago period.

Notably, the startup had reported a profit of INR 1.16 Cr in the April-June q...