23 Jan 2026 | 5 Mins Read
ideaForge shares dip 5% on widening losses amidst Q3 topline growth
Flipitmoney
ideaForge Technologies reported a 79% revenue growth to ₹31.54 crore in Q3, with higher material costs leading to ₹24 crore EBITDA loss, a 84% increase from last year. Net loss widened to ₹33.85 crore. The ₹350.8 crore orderbook is the highest for the year, with 12% from Defence and the company aims to execute 40-45% in Q4, hoping to improve margins and turn a profit.