On Thursday session the share price of the microcap drone Stock rose 1.5 percent to Rs 186.50 from its previous close of Rs 183.65 after the company announced its launching of new defense stock.
According to the filling of Droneacharya Aerial Innovations Ltd, the company launched a new product “DroneAcharya Aerial Innovations Limited launches FPV (First Person View) Drones for asymmetric warfare for Indian Defense”.
These drones are ideal low-cost options for counterinsurgency, LOC/LAC, and mechanized operations, and they have proven their worth in the recent Russia-Ukraine war and the Armenia-Azerbaijan war.
This unmanned technology, which includes a platform, intelligent payloads, and training, is poised to be a game changer in Indian defense.
According to the Droneacharya Aerial Innovations Ltd report, the net revenue increased by 999 percent year over year, from Rs 1.90 crore in Q2FY23 to Rs 20.88 crore in Q2FY24. In addition, the company’s net profit increased by 2946 percent year over year, from Rs 0.13 crores in Q2FY23 to Rs 3.96 crores in Q2FY24.
Droneacharya Aerial Innovations Ltd is a microcap stock with a market capitalization of Rs 440 crores. The company’s promoters hold a 28.2 percent share in the company, 70.4 percent held by the general public, and the Foreign institutional investors hold 1.31 percent
Additionally, the stock debt-to-equity ratio is zero and the net profit margin is higher than its last three-year net profit margin.
Droneacharya Aerial Innovations Ltd’s share price has risen by 24 percent in the last six months and by 70 percent in the last year.
Droneacharya Aerial Innovations Limited, founded in 2017, offers a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, Drone data processing using robust high-configuration workstations, Drone pilot training, and specialized GIS training.
Written by Sriram KV
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