Ideaforge's Revenue Drops 15.7% in Q1 FY25 - Funding Raised

Ideaforge’s Revenue Drops 15.7% in Q1 FY25

Drone manufacturer Ideaforge’s revenue from operations fell by 15.7% to Rs 86 crore in Q1 FY25 from Rs 102 crore in Q4 FY24. Despite the decline, the company remained profitable. Lower drone sales impacted profits, though the cost of materials decreased by 2.4% to Rs 57.6 crore.

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