Ideaforge, a leading drone manufacturer, has seen its shares tumble by over 7% following a dismal first quarter of FY2026 (Q1FY26). The company’s financial results were marred by a significant net loss of Rs 23.5 crore, accompanied by a staggering 85% year-over-year (YoY) revenue drop.
**Defence Order Win Fails to Impress**
Despite securing a defence order, which is typically a positive development, Ideaforge’s Q1FY26 performance has failed to impress analysts. The defence order win, which is usually a catalyst for growth, has been overshadowed by the company’s overall weak financial showing.
**Analysts Turn Bearish**
The negative sentiment surrounding Ideaforge’s results has led analysts to adopt a bearish stance. A ‘Sell’ rating has been assigned, with a downside target of 24%. This suggests that analysts expect Ideaforge’s shares to decline further, which could be a concern for investors.
**What’s Next for Ideaforge?**
The drone maker will need to regroup and reassess its strategy to address its current financial struggles. With a significant revenue drop and net loss, Ideaforge faces an uphill battle to regain investor confidence. Will the company be able to turn things around, or will its shares continue to slide? Only time will tell.
