Aerospace & Defence company ideaForge Technology announced Q3FY25 results Revenues: Rs 176.1 million compared to Rs 909.0 million during Q3FY24. Gross Profit: Rs 81.0 million compared to Rs 488.6 million during Q3FY24. Gross Profit margin: 46.0% for Q3FY25. EBITDA: Rs -125.8 million compared to Rs 261.9 million during Q3FY24. EBITDA margin: -71.4% for Q3FY25. PAT: Rs -240.2 million compared to Rs 148.0 million during Q3FY24. PAT margin: -136.4% for Q3FY25. Ankit Mehta, CEO said: “Conversion of opportunities to orderbook has been muted thus far in this financial year, largely attributable to elections and low government spending in this timeframe. However, the third quarter of this year has started to bring everything together, be it rapid progress in technology development, rekindling the latent demand from customers, and recognition of our efforts. Ranking 3rd globally as a dual-use drone manufacturer in DII’s Global Drone Review 2024 and our SWITCH UAV becoming the first and only small UAV certified as ‘Fit for Indian Military Use’ by DGQA exemplify our commitment to innovation and excellence. We opened a new application in the form of coastal surveillance with our SWITCH UAV being deployed for a coastal management solution in Maharashtra. In order to unlock the use of geospatial data in private enterprises, we have become part of Operation DRONAGIRI, a pilot project by the government of India under the National Geospatial Policy (NGP), 2022. Learnings from our successful Early Adopter Program initiative in the United States helped us conceptualize and also launch a new quadcopter platform (Q6 V3) in the United States. We are now excited to showcase our technology progress and vision at Aero India 2025.” Result PDF