ideaForge Technology Full Year 2024 Earnings: EPS: ₹10.96 (vs ₹8.55 in FY 2023)

ideaForge Technology (NSE:IDEAFORGE) Full Year 2024 Results

Key Financial Results

• Revenue: ₹3.14b (up 69% from FY 2023).
• Net income: ₹452.7m (up 42% from FY 2023).
• Profit margin: 14% (down from 17% in FY 2023).
• EPS: ₹10.96 (up from ₹8.55 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ideaForge Technology Earnings Insights

The primary driver behind last 12 months revenue was the India segment contributing a total revenue of ₹2.99b (95% of total revenue). Notably, cost of sales worth ₹1.58b amounted to 50% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ₹539.8m (44% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of ₹110.9m. Explore how IDEAFORGE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Aerospace & Defense industry in India.

Performance of the Indian Aerospace & Defense industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for ideaForge Technology that you should be aware of before investing here.

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