Ideaforge share price slumped 7% on Wednesday’s session post weak Q1 results. The firm reported a net loss of ₹23.5 crore in the first quarter of 2025-26, in contrast to a net profit of ₹1.1 crore during the same quarter the previous year.

The company’s revenue from operations fell by 85.1% to ₹12.7 crore in the April-June period of the current fiscal year, compared to ₹86.2 crore in the corresponding timeframe last year.

Ideaforge’s total expenses for the first quarter of the 2025-26 financial year decreased by 53% to ₹42 crore, down from ₹90.6 crore in the same quarter of the previous fiscal year.

The drone manufacturing company Ideaforge revealed its financial results for the quarter from April to June for the 2025-26 fiscal year on Tuesday, July 22, 2025.

“The first quarter of FY 2026 marked a positive start for the financial year and reinforced Ideaforge’s resilience: both in technology and in business. ideaForge secured a significant ₹137 crore order under the Government’s 5th cycle of Emergency Procurement. This order followed rigorous technical evaluations and country-of-origin checks, highlighting our standing as a trusted partner to the Indian armed forces,” said Ankit Mehta, CEO of the company.

Ankit Mehta also mentioned that following Operation Sindoor, there has been a significant increase in government procurement, highlighted by the allocation of ₹40,000 crores for the sixth cycle of Emergency Procurement for the armed forces.

Furthermore, the government has introduced an RDI Fund worth ₹1 lakh crore, which will further enhance innovation initiatives within the industry. The upcoming phase of the PLI is also anticipated to be launched for drone manufacturers, which will serve as a considerable advantage for the industry and ideaForge.

Should you buy, sell or hold?

According to Anshul Jain, Head of Research at Lakshmishree Investments, Ideaforge share price is on the verge of a breakdown below its 3-month range low around the 509 level. A decisive weekly close below this support will likely trigger fresh selling pressure, opening the door for a sharp decline toward the swing low zone of 320–330.

“The stock has shown persistent weakness, and the lack of buying interest reinforces the bearish bias. Unless it holds above 509, the setup favors the bears, making this a clear sell-on-breakdown candidate with downside risk firmly in play,” said Jain.

Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Ideaforge share prices opened with a gap down and are witnessing follow-up selling. On the daily chart, prices have breached the crucial 50- and 200-day moving averages, indicating further weakness ahead. The next support is placed near 480 levels, while the bearish gap around ₹540 now acts as a key resistance.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.