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The Economic Times

Business

Rounak Khare

ideaForge Technology shares slide 5% after Q1 gross profit margin falls 49%

IdeaForge Technology BSE JM Financial

Shares of ideaForge Technology declined 5% to Rs 851.65 on the BSE on Tuesday after the company’s gross profit margin fell sharply to 49% in Q1FY27, compared with 62% in Q1FY26 and 68% in Q4FY26.

The company reported gross profit of Rs 33.6 crore, up from Rs 7.9 crore in the year-ago quarter. Revenue from operations stood at Rs 68.6 crore during the quarter, with the company executing over 20% of its opening FY27 order book, according to a regulatory filing released after market hours on Monday.

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