Drone stock engaged in providing a high-end ecosystem of Drone solutions jumped 2 percent in the day’s trade upon collaborating with ITC Limited and unveiling its All Women’s Namo Drone Didi Batch to train and lead them toward women empowerment in the Drone Industry.
With a market capitalization of Rs. 416 Crores, the shares of Droneacharya Aerial Innovations Limited were trading at Rs. 173, down 0.55 percent from its previous day’s close price of Rs. 173.55.
Droneacharya Aerial Innovations Limited has joined in collaboration with ITC Limited and unveiled its groundbreaking All Women’s Namo Drone Didi Batch, representing a significant stride towards gender inclusivity and empowerment in the drone industry.
The Namo Drone Didi Batch spans 5 days, equipping participants with a 10-year license to legally operate drones in India. The comprehensive curriculum covers drone fundamentals, DGCA regulations, failsafe mechanisms, and emergency protocols. Practical sessions include simulator training and on-ground drone flying, culminating in a thorough 3-part examination oral, written, and practical.
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 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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