Mumbai/IBNS, Jan. 23 -- Shares of ideaForge Technologies Ltd. fell nearly 5% on Thursday after the company reported widening losses despite strong year-on-year growth in the third quarter of FY 2025-26, media reports said.

The drone-maker's revenue surged 79% year-on-year to Rs. 31.54 crore in Q3, compared with the corresponding quarter of the previous fiscal. However, topline growth remained modest on a sequential basis.

On a quarter-on-quarter basis, EBITDA nearly tripled from Rs. 7.99 crore.

The company reported a net loss of Rs. 33.85 crore at the end of the third quarter, widening from a loss of Rs. 24.02 crore in the year-ago period and Rs. 19.62 crore in the previous quarter.

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