IdeaForge Management On Q4 Net Profit, Drone Industry And Growth Plans For FY25

Drone manufacturer ideaForge reported a consolidated profit after tax (PAT) decline of over 30%, falling to INR 10.3 crore in Q4 FY24 from INR 14.8 crore in the previous quarter. This drop was partly due to a significant increase in spending on inventories and employee benefits. However, ideaForge's operating revenue increased by 12.5% quarter-on-quarter to INR 102.3 crore, marking a remarkable 164% rise from the INR 38.7 crore reported in Q4 FY23. In an interview with Business Today's Sakshi Batra, CEO Ankit Mehta and CFO Vipul Joshi discuss Q4 results and future growth plans.