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ideaForge Q2 Revenue Falls 41%
short by Pratham Nagpal / on Wednesday, 8 November, 2023
Drone startup ideaForge’s profit after tax fell a staggering 95% QoQ as operating revenue fell. The drone manufacturer’s revenue from operations decreased 41% YoY and 75% QoQ to INR 23.7 Cr in Q2 FY24. ideaForge’s EBITDA declined 28% to INR 7 Cr in Q2 FY24 as against INR 9.82 Cr in Q2 FY23.
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