ideaForge revenue soared 437%. So why is it losing money?
ideaForge announced a significant drop into the red during Q1 FY27, despite experiencing a 437% increase in revenue. The company cited global supply chain disruptions as the primary factor behind its financial setback, as component availability continued to be a challenge. Despite entering the fiscal year with a substantial order book exceeding Rs 300 crore, the company's margins narrowed, leading to a loss of Rs 2.6 crore in Q1 FY27.
The company aims to complete its order book by the third quarter of the fiscal year, but the success of this goal remains uncertain due to ongoing component shortages and supply chain issues.
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