The shares of one of the leading drone manufacturing and solutions providers in india and overseas are in the spotlight upon receiving another work order from Tata Community Initiatives Trust.
At 12:22 p.m the shares of Droneacharya Aerial Innovations Limited were trading at Rs. 193, down 0.18, from its previous day’s close price of Rs. 193.35 and its market capitalization is Rs. 461 Crores.
Droneacharya Aerial Innovations Limited has received another work order from Tata Community Initiatives Trust for providing cutting-edge Geographic Information System (GIS) training for Drones or Unmanned Aerial Vehicles (UAV) to 15 individuals in Bengaluru, spanning a comprehensive 35 effective hours.
As part of the scope of work, DroneAcharya commits to facilitating job placements for all candidates upon successful completion of the training. This development underscores the growing awareness and emphasis on honing skills through specialized training in GIS and UAV technologies
This is the second work order bagged by DroneAcharya from Tata Community Initiatives Trust for training and capacity building. Previously DroneAcharya had received an order for providing DGCA-certified drone pilot training for 20 candidates and ensured 100 percent job placement for all candidates.
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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