Narayana Murthy’s Infosys loses Rs 7,15,75,793 in just 1 day from this defence drone stock after announcing Q1FY26 results!

On Wednesday, the stock market was trading in green with the BSE Sensex Index and the NSE Nifty-50 Index up over 0.60 per cent each. Though the market was in green, one defence drone stock fell 8 per cent to Rs 501 per share from its previous closing of Rs 544.45 per share. The shares of the company saw a spurt in volume by more than 3 times on the BSE. The company has a market cap of Rs 2,165 crore and the stock is up by 66.44 per cent from its 52-week low of Rs 301 per share.

Before revealing the stock name, let's see why the stock has been falling over the past 3 days: -

Narayana Murthy’s Infosys loses Rs 7,15,75,793 in just 1 day from this defence drone stock after announcing Q1FY26 results. Infosys Ltd holds 16,47,314 shares or 3.81 per cent stake in the company as of June 2025. Additionally, in June 2025, the promoters, FIIs and DIIs have decreased their stake to 29.10 per cent, 0.60 per cent and 1.51 per cent, respectively, compared to March 2025.

The company faced a challenging first quarter in fiscal year 2025-26, reporting a net loss of Rs 23.5 crore. This stands in stark contrast to a net profit of Rs 1.1 crore in the same period last year. Revenue from operations also saw a significant decline, dropping 85.1 per cent to Rs 12.7 crore from Rs 86.2 crore in the corresponding quarter of the previous year. Despite these financial setbacks, the firm managed to reduce its total expenses by 53 per cent to Rs 42 crore, down from Rs 90.6 crore in the prior year's first quarter.

Despite the financial downturn, the company achieved several notable operational milestones. It secured a crucial Emergency Procurement order from the Indian Army valued at Rs 137 crore for mini-UAVs. The effectiveness of their UAVs was further demonstrated through their deployment by the Indian Army during Operation Sindoor, showcasing their battlefield readiness. Strategic initiatives included a collaboration with HFCL to gain global market access for advanced UAV solutions, and participation in prominent international exhibitions such as DSEI Japan, Xponential 2025 (USA), Paris Air Show (France), and IDET (Czech Republic). The company also conducted its largest ever field trials, triggered by Operation Sindoor, which highlighted the long-range and endurance capabilities of their ZOLT platform and the electronic warfare resilience across all their platforms.

The defence drone company's name is IdeaForge Technology Limited

About the Company

IdeaForge Technology Limited (BSE: 543932, NSE: IDEAFORGE) is a pioneering and leading Indian company in Unmanned Aircraft Systems (UAS). Backed by prominent investors like Qualcomm and Infosys, it was ranked 3rd globally in 2024 as a top dual-use (civil & military) drone manufacturer by Drone Industry Insights. The company boasts the largest operational deployment of indigenous UAVs across India, with an IdeaForge drone taking off every three minutes for surveillance and mapping, and its customers have completed over 700,000 flights.

Commenting on the Results, Mr Ankit Mehta, CEO, said, “The first quarter of FY 2026 marked a positive start for the financial year and reinforced IdeaForge’s resilience: both in technology and in business. IdeaForge secured a significant Rs 137 crore order under the Government’s 5th cycle of Emergency Procurement. This order followed rigorous technical evaluations and country-of-origin checks, highlighting our standing as a trusted partner to the Indian armed forces. The quarter also saw our platforms play a role in Operation Sindoor, proving effective in the high-stakes battlefield scenario, reaffirming the resilience of our indigenous product development and deep-tech foundation. Post-Operation Sindoor, government procurement has received a major boost, with the allocation of Rs 40,000 crores for the 6th cycle of Emergency Procurement for the armed forces. Additionally, the government has announced an RDI Fund of Rs 1 lakh crore, which will further boost innovation efforts in the industry. The next phase of PLI is also expected to be rolled out for drone manufacturers, which will be a major tailwind for the industry and IdeaForge. Our strategic and operational efforts are well on track, and we are committed to delivering long-term and meaningful value to our stakeholders.”

Disclaimer: The article is for informational purposes only and not investment advice.