India, July 23 -- Shares of ideaForge slumped 7% to INR 506.25 apiece during the intraday trading session on the BSE today, a day after posting Q1 results.

As of 10:58 AM, the stock was down more than 6% at INR 510.95 per share, compared to its previous close of INR 544.45 yesterday.

The drone tech company's consolidated operating revenue plunged 85% to INR 12.8 Cr in Q1 FY26 from INR 86.2 Cr in the year-ago quarter, marking fourth straight weak quarterly performance.

Adding to the decline in its top line, the company posted a net loss of INR 23.6 Cr during the quarter under review as against a net profit of INR 1.2 Cr in Q1 FY25.

Market capitalisation of ideaForge stood at INR 2,210.12 Cr ($255.9 Mn).

(The story will be updated soon...