The shares of the leading player in the drone business surged 8.2% to ₹167.30 per share on Tuesday after the company opened a new drone training centre at Jaipur.
At 12:15 p.m., Droneacharya Aerial Innovations Ltd shares were trading at ₹163.50 a share on the National Stock Exchange, up 5.76% from the previous close price, and the company has a market capitalization of ₹392 crores.
DroneAcharya Aerial Innovations Ltd has inaugurated its fourth training center in Jaipur, Rajasthan, as stated in the company’s official filing. This new center is part of the company’s franchise expansion in collaboration with Subhkhyati Aerospace Pvt. Ltd.
In addition to the new centre in Jaipur, DroneAcharya operates DGCA-certified drone pilot training facilities in Maharashtra, Gujarat, and Punjab. It also offers non-DGCA-certified drone-focused courses in Mumbai and Bengaluru.
With the launch of the Jaipur facility, the company aims to empower the youth of Rajasthan and neighboring regions by providing training opportunities for the burgeoning drone industry. This sector is witnessing a growing demand for skilled and certified professionals in roles such as Drone Pilots, Data Analysts, Developers, and Entrepreneurs.
Recently, DroneAcharya Aerial Innovations has landed a significant contract valued at ₹4.67 crores with iRed Limited in the United Kingdom for processing Drone and Geographic Information System (GIS) data.
In February 2024, DroneAcharya Aerial Innovations Limited also entered into a Memorandum of Understanding (MoU) with Vimaan Aerospace Pvt. Ltd, a leading oil marketing company, to collaborate on drone services and training.
Droneacharya Aerial Innovations Ltd provides Drone operation training, supply & maintenance services, and management consulting & training services
Ace investor Shankar Sharma holds 4,57,000 shares in the company as of the September quarter of 2023, equivalent to a 1.91 percent stake.
The company has witnessed a remarkable annual revenue surge of 417%, escalating from ₹3.59 crore in FY21-22 to ₹18.57 crore in FY22-23. Concurrently, net
profit soared by an impressive 736%, escalating from ₹0.41 crore to ₹3.43 crore during the same period.
Over the past six months, Droneacharya Aerial Innovations shares have experienced a decline of 16%, with a further drop of 23% over the last 12 months.
Droneacharya Aerial Innovations Limited offers a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, Drone data processing with sturdy high-configuration workstations, Drone pilot training, and specialised GIS training.
DroneAcharya Aerial Innovations stands out as a premier provider in this domain, leveraging years of expertise in processing multisensor drone data, including Visual RGB, thermal, LiDAR, and Multispectral data.
In December 2023, Foreign Institutional Investor BofA Securities Europe SA bought 1.67 lakh shares in the company at an average price of Rs 187.65 per share.
In recent months, the Company has received an order worth ₹15 lakhs from Tata Consultancy Services (TCS).To the supply of a state-of-the-art 5G-enabled drone equipped with a Visual (RGB) camera, alongside a Ground Control Station designed for remote access and seamless live data relay.
Written by Omkar Chitnis
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