Drone stock engaged in providing a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data, and many more, in focus upon receiving DGCA Authorization as Medium Category Drone Pilot Training Organization.
With a market capitalization of Rs. 324 Crores, the shares of Droneacharya Aerial Innovations Limited were trading at Rs. 135, down 6.64 percent from its previous day’s close price of Rs. 144.60
Droneacharya Aerial Innovations Limited has been accredited as a DGCA-certified Medium Category Drone Pilot Training Organization. The certification grants it the legal authorization to fly drones within the weight range of 25 kg to 150 kg, catering to crucial sectors like agricultural spraying, delivery drones, and others,
This achievement aligns with the visionary Namo Drone Didi initiative spearheaded by Prime Minister Shri Narendra Modi. The initiative aims to empower women with drone piloting skills, particularly in agricultural drone operations, facilitating sustainable livelihoods in a rapidly evolving sector.
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.
It operates three DGCA-certified drone pilot training centers specializing in micro and small categories and stands as the sole drone training institute in India to conduct drone pilot training sessions in Thailand and the Philippines as well, underscoring its commitment to fostering expertise and innovation across borders
Its revenue from operations grew by 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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