Drones have revolutionized various industries, from agriculture and delivery services to entertainment. As these machines continue to reshape the way we work and live, investing in drone stocks has become a topic of interest for many. Moreover, their conventional applications, such as surveillance, security, and monitoring have boosted the demand for search and rescue operations.
Listed below are stocks that fall under the drone sector and their net profit has increased up to 2,100 percent:
The shares of this drone manufacturing company opened Tuesday’s trading session on a positive note at Rs. 766 compared to its previous close at Rs. 758.55. The share hit a high at Rs. 796 making a gain of around 5 percent and currently trading at Rs. 791 apiece.
Digging into the financials, the company’s revenue increased 99 percent from Rs. 33.41 crores in Q2 FY23 to Rs. 66.5 crores during Q2 FY24. In addition, the net profit magnified by 170 percent from Rs. 5.65 crores to Rs. 15.28 crores during the same timeframe.
Looking at the important financial ratios, the return on equity(RoE) zoomed from 1.08 percent in FY 21-22 to 16.55 percent during FY 22-23. Furthermore, the return on capital employed (RoCE) increased from 1.92 percent to 24.51 percent during the same period.
The shares of this drone developing and manufacturing company opened Tuesday’s trading session flat at Rs. 148. The share hit a low of Rs. 143 making a loss of around 3 percent and currently trading at Rs. 144 apiece.
Digging into the financials, the company’s revenue increased 9 percent from Rs. 532.7 crores in Q2 FY23 to Rs. 580.46 crores during Q2 FY24. In addition, the net profit magnified by 2,116 percent from Rs. 93 lakhs to Rs. 20.61 crores during the same timeframe.
Coming onto the important financial ratios, the return on equity(RoE) decreased from 10.28 percent in FY 21-22 to 8.66 percent during FY 22-23. Furthermore, the return on capital employed (RoCE) declined from 11.45 percent to 10.24 percent during the same period.
Written By Vaibhav Patil
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