The shares of one of the Leading drone manufacturing and solutions providers jumped 2 percent in the day’s trade after it won India’s largest DGCA Certified Drone Pilot Training tender by the Karnataka Forest Department.
At 3:20 p.m the shares of Dronacharya Aerial Innovations Limited were trading at Rs. 180.50 up 0.75 percent from its previous day close price of Rs. 179.15 and its market capitalization is Rs. 429 Crores.
DroneAcharya Aerial Innovations Limited has been awarded India’s largest DGCA Certified Drone Pilot Training tender by the Karnataka Forest Department, for Government officers of Karnataka, the contract is valued at Rs. 96 Lakhs.
The contract involves training of 240 officers in DGCA – certified drone pilot training as well in applications of Drones in Forestry and Surveillance in two phases. This project holds a potential for training of at least 13,000 government personnel in Karnataka in the due course of time.
The company’s 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 FY23 it has 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.
According to the latest shareholding data available for the September 2023 quarter, the Promoters of the company hold 28.21 percent stake, the Foreign Institutional Investors (FII) hold 1.31 percent and the Domestic Institutional Investors hold 0.00 percent.
Droneacharya Aerial Innovations Limited is engaged in providing 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 specialised GIS training.
Written by: Bharath K.S
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