The shares of one of the Leading drone manufacturing and solutions providers in India and overseas jumped 2 percent in the day’s trade upon receiving a work order to give advanced drone pilot training to Indian Defence Officers in Jammu and Kashmir.
At 9:30 a.m the shares of Droneacharya Aerial Innovations Limited were trading at Rs. 191.90, up 2.46 percent from its previous day’s close price of Rs. 187.30 and its market capitalization is Rs. 450 Crores.
Droneacharya Aerial Innovations Limited has been awarded a prestigious tender by the Indian Defense System worth Rs. 11.80 Lakh, for advanced drone pilot training and GIS (Geographic Information System) training for 20 officers from the Northern Command Pre-Induction Training School at Bhalra, Jammu and Kashmir.
Droneacharya aims to equip the officers with the necessary skills and knowledge to operate drones effectively in diverse and challenging environments. The 14-day onsite training program will encompass a range of advanced modules, including Night Flying, Challenging Maneuvers, Emergency Response, Data Processing, and Image Interpretation.
Droneacharya Aerial Innovations Limited is the only Private DGCA (Directorate General of Civil Aviation) certified drone pilot training organization in India to have conducted over 580 trainings, DroneAcharya has also successfully delivered more than 200 drone pilot training sessions for various Defense organizations across the country.
The training program is scheduled to commence this month, and DroneAcharya remains committed to delivering excellence and contributing to advancing drone technology in India.
Droneacharya Aerial Innovations Limited is engaged in providing a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high-configuration workstations, Drone pilot training, and specialized GIS training.
Its revenue from operations grew 417.27 percent from Rs. 3.59 Crores in FY22 to Rs. 18.57 Crores in FY23, accompanied by increasing profits of Rs. 0.41 Crore to Rs. 3.43 Crore.
In the financial year 2023, it reported a return on equity (ROE) of 8.51 percent and a return on capital employed (ROCE) of 11.52 percent, it is making good returns on its equity and capital employed, Its profitability ratios are increasing year on year.
Written by: Bharath K.S
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